Avaada Group

Promise of a Sustainable Future

General Information
Company Name
Avaada Group
Founded Year
2009
Location (Offices)
Mumbai, India +1
Founders / Decision Makers
Number of Employees
1069
Industries
Energy, Renewable Energy, Clean Energy
Funding Stage
Debt Financing
Social Media

Avaada Group - Company Profile

Avaada Group is a visionary energy conglomerate with a presence across the entire spectrum of the energy transition value chain, including the production of Solar Modules, Renewable Power Generation, and the development of large scale projects for Green Hydrogen, Green Methanol, Green Ammonia, and Sustainable Aviation Fuel. Under the astute leadership of Mr. Vineet Mittal, the group has established itself as a significant player on the global energy stage. Avaada Energy, the group's flagship arm for renewable power generation, is on track to reach an impressive 11 GW of installed capacity by 2026. With its robust execution capabilities and a solid track record, Avaada has earned the trust of international investors, as evidenced by the equity raise of US $1.3 Billion in early 2023, including a US $1 Billion investment commitment from Brookfield’s Energy Transition Fund and $300 million from GPSC, PTT Group of Thailand.

Avaada Group, founded in 2009, operates in the Energy, Renewable Energy, and Clean Energy industries, with its headquarters in India. The company's last investment was an INR44.71B debt financing investment on 19 April 2024, backed by the National Bank for Financing Infrastructure and Development (NaBFID).

Taxonomy: Solar Energy, Green Hydrogen, Green Methanol, Sustainable Aviation Fuel, Energy Transition, Renewable Power Generation, Sustainable Development, Environmental Sustainability, Social Responsibility, Business Sustainability, Investment, Energy Conglomerate, Sustainable Future

Funding Rounds & Investors of Avaada Group (9)

View All
Funding Stage Amount No. Investors Investors Date
Debt Financing INR3.15B 1 28 May 2024
Debt Financing INR11.90B 1 02 May 2024
Debt Financing INR44.71B 1 National Bank for Financing Infrastructure and Development (NaBFID) 18 Apr 2024
Corporate Round INR107.00B 2 Global Power Synergy Company, Brookfield Renewable Partners 30 Jun 2023
Corporate Round INR78.80M 1 Airtel 10 Mar 2022

View All 9 Funding Rounds

Latest News of Avaada Group

View All

No recent news or press coverage available for Avaada Group.

Similar Companies to Avaada Group

View All
Hive Energy - Similar company to Avaada Group
Hive Energy Racing to save the planet. Delivering a clean future through green energy projects and circular economy investment. ☀️
GREEN GENIUS - Similar company to Avaada Group
GREEN GENIUS Renewable energy company to empower sustainability. We develop solar, biogas, wind, and hydrogen projects across Europe.
Green Switch Capital - Qair Group - Similar company to Avaada Group
Green Switch Capital - Qair Group Enabling Sustainable Energy Solutions to Power a Greener World
Q ENERGY - Similar company to Avaada Group
Q ENERGY Empower a sustainable world with green energy
Altiro Energy - Similar company to Avaada Group
Altiro Energy Decarbonizing heat and power generation