Solar modules input firm Navitas Alpha raises Rs 7-Cr from Ivy Growth Associates, others

Navitas Alpha Renewables Private Limited (NARPL), has raised INR 7 crore in seed funding led by Niveshaay. The funding round saw participation from Madhusudan Sarda, IVY Growth Associates, and others. NARPL is a joint venture between Navitas Green Solutions Private Limited and Alpha Plastomers Private Limited. The company manufactures EVA encapsulant film used in solar module manufacturing, and markets them under the brand "EVO FCP." The funds will be used to strengthen the company's R&D initiatives and its testing capabilities, and improve its product's value proposition.