Founded in 2018 and based in Pune, Greenjoules converts agricultural residues and farm waste into renewable fuels that can be used in existing diesel engines and industrial equipment. Its pipeline includes sustainable aviation fuel, green hydrogen and biomethane alongside fuels that substitute crude oil-derived diesel. The company positions its technology as enabling use of agricultural waste as feedstock for drop-in renewable fuels. Prior financing includes a $4.5 million raise in 2021 from Blue Ashva Capital provided as a mix of equity and debt. Greenjoules is currently pursuing a Series B led by Amazon.com NV Investment Holdings with participation from Singularity AMC’s Singularity Strategic Autonomy Fund. The articles note broader market context that India’s cleantech market is projected to become a $152.5 billion market by 2030.

Total raised

$6M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2026