Private Equity

PE-VC Fund Investments

Apraava Energy raises $92-M in green financing from BII, Stanchart

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Mumbai-based Apraava Energy has raised USD 92 million from the UK's development finance institution and impact investor British International Investment (BII) and Standard Chartered Bank. The two institutions will invest USD 46 million each.The facility will support the growth of Apraava’s Advanced Metering Infrastructure (AMI) which aims to install over 2 million smart meters in homes and businesses.Apraava Energy operates as a power generation and transmission company, currently managing 3.1 GW of capacity across thermal, wind, and solar assets, alongside 1,000 circuit km of transmission lines.

Between Sep 2018 and Jul 2022, Apraava Energy had attracted about USD 451 M from CDPQ.