Participated · Equity · Jun 2023

Avaada Energy develops solar PV projects and is part of the Avaada Group, which also operates in solar PV manufacturing, green fuels (including green ammonia, green methanol and sustainable aviation fuel) and energy storage solutions. The company secured financing for a captive solar PV power project being developed under a long-term PPA with Karnataka Cooperative Milk Producers’ Federation Limited (KMF). The project is located in Kalaburagi district, Karnataka, and is expected to be completed in Q3 FY25. Avaada announced a target to achieve 11 GWp capacity by 2026. The company described the transaction as evidence of a derisked project-development strategy and strong project-financing capability. The financing demonstrates ongoing access to long-term infrastructure debt for its project pipeline. Avaada Group operates an integrated renewable energy platform that develops renewable power projects and manufactures solar PV cells and modules. The company has diversified into producing green hydrogen, green methanol and green ammonia alongside expanding its solar manufacturing capabilities. Avaada currently operates a renewable energy portfolio of approximately 4 GW with about 7 GW in various stages of implementation. It recently won a production‑linked incentive of INR 961 crore for 3 GW of wafer‑to‑module capacity and has secured tenders totaling almost 1.8 GW from corporate customers and utilities. The latest funding will be used to bolster its green hydrogen, green methanol, green ammonia, solar manufacturing and renewable power generation ventures. The company has received substantial strategic investor backing and government support as it scales toward multi‑gigawatt objectives.

Led · Equity · Jun 2023

Founded in 2010, Clean Max Enviro Energy Solutions (CleanMax) develops, owns and operates renewable energy assets that serve commercial and industrial clients across sectors such as data centres, cement, steel, FMCG and real estate. The company delivers power through long-term supply agreements, offers EPC as well as operations and maintenance services for on-site and farm-based solar, wind and hybrid plants, and provides carbon credit and broader net-zero advisory solutions. According to a CRISIL report, CleanMax had 2.80 GW of operational, owned and managed capacity and 3.17 GW of contracted capacity under execution as of 31 October 2025. For FY25, the company recorded ₹1,496 crore in operating revenue, up 8 % year-on-year, while EBITDA rose 37 % to ₹1,015 crore, demonstrating improving operating leverage. Management is positioning the business to capitalise on growing corporate decarbonisation mandates and expects the upcoming IPO proceeds to fund further capacity expansion. The diversified customer base and service suite underpin CleanMax’s strategy to remain a leading integrated renewable partner for Indian enterprises.

Led · Equity · Oct 2022

On January 27, 2026, LanzaTech Global Inc. disclosed that it has successfully closed a private placement financing, according to Ethanol Producer Magazine. The article does not provide details on the company’s core technology, revenue, user base, or broader business model, focusing solely on the financing event. No information on future projects or strategic initiatives was shared in this piece. Likewise, the report offers no operating metrics such as annual revenue, production capacity, or customer figures. The announcement was simply positioned as a milestone that supplies additional capital for LanzaTech’s next phase of activities. The company released no specifics regarding how the proceeds will be allocated.

Participated · Equity · Jun 2022

Cleartrace is an Austin-based carbon and energy management software company that provides 100% traceable, actionable hourly energy and carbon records. Its platform surfaces previously unseen energy data for renewable energy buyers and suppliers and enables load-matched renewable energy purchases or sales. The product is targeted at real estate owners, investors, data centers, and renewable energy suppliers, and is used to provide auditable, assurance-ready proof of decarbonization. Cleartrace counts customers and partners including JPMorgan Chase, Iron Mountain, Brookfield Properties, NextEra, and Brookfield Renewable, and has been selected to support decarbonization at major sites such as Iron Mountain’s U.S. data centers and One Manhattan West. The company emphasizes standardized, validated hourly carbon-intensity data to help clients report, comply with local environmental policies, and demonstrate achievement of decarbonization goals. ClearTrace offers an automated energy and carbon accounting platform that provides auditable, around-the-clock monitoring of energy generation and consumption. Its platform creates verifiable digital records and can track third-party energy supply, power purchase agreements, demand response, and behind-the-meter assets. ClearTrace uses cloud technology to digitize the energy supply chain and deliver granular, high-fidelity, real-time carbon impact data. The company targets multinational corporations, financial services firms, real estate holding companies, and competitive energy suppliers, and cites customers including JPMorgan Chase and Brookfield Renewable. ClearTrace recently rebranded from swytchX and plans to accelerate market adoption and deploy additional market-driven solutions. It raised $4 million in Series A financing to support that growth.