Serentica Renewables, founded in 2022, is a company based in India dedicated to accelerating the clean energy transition in large-scale heavy energy intensive industries. The company focuses on industrial decarbonization solutions, offering assured renewable energy (RE) through a combination of greenfield solar, wind, energy storage, and balancing solutions to the Commercial & Industrial segment. Their mission is encapsulated by their slogan, "Making #renewables the primary source of #energy for the Commercial & Industrial segment. #CleanEnergy #GreenEnenergy"
The latest milestone for Serentica Renewables is the INR35.00B Debt Financing investment secured on 08 January 2024. Notable investors included India EXIM Bank, MUFG Bank, Société Générale, IIFCL, Yes Bank, Rabobank. This investment reflects the growing confidence in Serentica's innovative approach and the increasing importance of clean energy solutions in the commercial and industrial sectors.
With a focus on Renewable Energy and Sustainability, Serentica is well-positioned to have a significant impact on the energy landscape in India and beyond. Their dedication to enabling a cleaner, more sustainable energy future for heavy energy intensive industries underscores their potential for growth and influence in the renewable energy sector.
For more details, visit www.serenticaglobal.com.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | INR35.00B | 6 | IIFCL, Yes Bank +1 | 08 Jan 2024 |
Debt Financing | INR30.81B | 1 | REC | 16 Sep 2023 |
Debt Financing | INR26.00B | 1 | 14 Sep 2023 | |
Private Equity Round | $250.00M | 1 | Kohlberg Kravis Roberts | 01 May 2023 |
Private Equity Round | $400.00M | 1 | Kohlberg Kravis Roberts | 08 Nov 2022 |
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