Greenjoules Raises Rs 150 Cr Series B Led by Amazon Funds
Pune-based renewable fuels startup Greenjoules has raised Rs 150 crore in a Series B co-led by Amazon's Smbhav Venture Fund and Climate Pledge Fund.
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giftdetect· the right gift in minutesPune-based renewable fuels startup Greenjoules has raised Rs 150 crore (about 1.5 billion rupees) in a Series B round co-led by Amazon's Smbhav Venture Fund and the Climate Pledge Fund.
The round also drew participation from Rainmatter, the investment arm of Zerodha, and from Singularity's Strategic Autonomy Fund. Blue Ashva Capital, which led Greenjoules' Series A in 2021, remains the company's largest shareholder.
Rs 100 crore loan on top
Separately, the startup has secured a Rs 100 crore loan from the Technology Development Board (TDB), which operates under the Department of Science and Technology. Together, the equity round and the loan give Greenjoules Rs 250 crore in fresh financing.
Why it matters
The deal pairs private climate-focused capital with state-backed debt, a combination that signals continued interest in India's renewable fuels sector. Amazon's two funds co-leading the round also gives the company a notable corporate backer, while Blue Ashva's position as top shareholder shows that its early investors are staying on board.
The company has said the combined financing will support its growth plans.
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