Biofuel maker Greenjoules raises $4.5 million

Mumbai: Greenjoules, a Pune-based green energy technology firm, has raised $4.5 million (about Rs 33 crore) from Blue Ashva Capital’s Blue Ashva Sampada Fund. The funding, a mix of debt and equity, will be utilised to set up commercial scale waste-to-energy plants, and R&D initiatives.

“With this round of funding, we are well placed to play a significant role in serving the large industrial market, who have board mandates to switch to environment friendly fuels,” s ..

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