Biofuel Maker Greenjoules Raises $4.5 Million From Blue Ashva Capital

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.