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Energy Distribution Startup Repos Energy Raises $7.2 Million Funding From Ratan Tata, Others

May 25, 2022•over 3 years ago

Amount Raised

$7.2 Million

Mumbai

Description

Mumbai: Pune-based energy distribution startup Repos Energy on Wednesday said it has raised Rs 56 crore ($7.2 million) from Ratan Tata, chairman Emeritus and other investors. The fresh capital as part of the pre-series A funding round is in a combination of equity and debt, the company said.

Company Information

Company

Repos Energy

Location

Mumbai, Maharashtra, India

About

The fresh capital as part of the pre-series A funding round is in a combination of equity and debt, the company said. This will also help the company refuel the energy distribution sector for a "carbon-light" tomorrow, as it has already seen the popular demand and huge impact on the environment by reducing carbon emissions and encouraging effective fuel distribution, Repos said in a release. Founded by husband-wife duo Chetan Walunj and Aditi Bhosale Walunj, the startup is now working on bringing renewable energies such as ethanol, methanol and biofuels on its mobile distribution network, it said. Mumbai: Pune-based energy distribution startup Repos Energy on Wednesday said it has raised Rs 56 crore ($7.2 million) from Ratan Tata, chairman Emeritus and other investors.