Last deal

$37.9M
Local Amount - INR 3.1B

Amount

Debt Financing

Stage

28.05.2024

Date

9

all rounds

$2.6B

Total amount

General

About Company
Avaada is a leading renewable energy company in India.

Industry

Sector :

Subsector :

founded date

01.01.2009

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Avaada, founded in 2017, focuses on clean energy generation and has a current operational capacity of over 3 GW, with an additional 2 GW under construction. Led by an experienced team, including Harvard alumnus Mr. Vineet Mittal, Avaada aims to achieve a portfolio of 30 GW of renewable energy projects by 2030. With an equity partner in the form of PTT Group, Avaada has expertise in Engineering, Procurement & Construction (EPC) capabilities and is known for its track record in delivering high-quality solar solutions. The company emphasizes social inclusion and sustainability, contributing to the socio-economic development of the communities it works with.
Contacts