From Dealroom · · 40s
Greenzo Energy Raises $13.7M for Electrolyser Push
Greenzo Energy India secures $13.7M funding to scale green hydrogen production.
In brief
Greenzo Energy India secures $13.7M funding to scale green hydrogen production. Greenzo Energy raised $13.7M in a round led by Ashish Kacholia, valuing the company at $139.9M post-money to expand electrolyser manufacturing in India. Originally reported by Dealroom.
Funding Round Details
Greenzo Energy raised $17.7m in a round led by Ashish Kacholia, valuing the company at $139.9m post-money.
Electrolyser Manufacturing Plan
Greenzo plans to deploy capital to expand indigenous electrolyser manufacturing and strengthen backward integration.
Market Context and Challenges
India's National Green Hydrogen Mission targets 5 million tonnes of annual output by 2030, but Greenzo faces revenue gaps against its order book.
The big picture
Greenzo Energy raised $13.7M in a round led by Ashish Kacholia, valuing the company at $139.9M post-money to expand electrolyser manufacturing in India.
