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GPS Renewables' ARYA raises Rs.100-Cr funding from Incred, Spark Capital
Source GPSR ARYA Private Limited (opens in a new tab)ARYA (opens in a new tab)Yourstory (opens in a new tab)
Bangalore based cleantech company ARYA , a wholly-owned subsidiary of GPS Renewables, has raised INR 100 crore in a mix of equity and debt from InCred Opportunities Fund and Spark Capital, as a part of its INR 200 crore round.The new funds will be used to develop the CBG (Compressed Biogas) projects under its joint ventures with Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation Limited (BPCL) as a part of its climate infrastructure vertical.Launched in 2022, GPSR ARYA Private Limited is a climate infrastructure platform that focuses on biofuels and industrial decarbonization projects to respond to climate change by solving for Net Zero.