Founded in 2012 by Mainak Chakraborty and Sreekrishna Sankar, GPS Renewables develops, produces, and distributes biofuels and bioenergy infrastructure. The company says it has delivered over 30 projects that are operational or nearing completion and has visibility into more than 200 compressed biogas (CBG) projects being developed with oil marketing companies. GPS Renewables recently secured an EPC contract from NTPC to build India’s first ethanol-to-jet sustainable aviation fuel plant, indicating expansion into higher-value biofuel projects. It has an asset-holding platform called GPSR Arya that has attracted equity investments from a major South Korean conglomerate and prior funding from Sojitz Corporation. The company employs over 800 people and reports annual revenue of around Rs 1,000 crore. Current and recent financings include a $20 million Series B in 2022, $50 million of debt in 2024, and the Rs 635 crore Series C in 2025.

Total raised

$136M

Funding rounds

5

Latest round

Debt Financing

Latest activity

Apr 2024