VC Fund Investments
Rooftop solar co Freyr Energy raises Rs.58-Cr led by EDFI ElectriFI
Hyderabad-based rooftop solar company Freyr Energy has raised INR 58 crore (about USD 7 million) in its Series B round led by EDFI ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company. EDFI invested USD 3 million, with others including Schneider Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures, and VT Capital contributing the rest.
From the Venture Intelligence PE-VC Deal Database: Between July 2017 and April 2021, Freyr had raised funds from DOEN Participaties and C4D Partners.
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