Repos Energy, a Pune-based energy distribution business, secured Rs 56 crore (US $7.2 million) from Ratan Tata, Chairman Emeritus, and other investors on May 26, 2022. As part of the pre-series, new funding was raised. According to the corporation, a capital round consists of equity and debt.
On the other hand, Repos Energy did not reveal the names of the other investors. This is Ratan Tata’s second round of investing in the company.
According to the company, the cash will develop Repos’ product line, expand into new locations around the country, and build its personnel.
The additional funds will also allow the company to invest in cutting-edge technologies such as AI (Artificial Intelligence), IoT (Internet of Things and blockchain to make the energy distribution system completely frictionless in the future, according to the company.
This will also aid the company in refueling the energy distribution sector for a “carbon-light” tomorrow, as it has already seen widespread demand and a significant impact on the environment by reducing carbon emissions and promoting efficient fuel distribution press release from Repos.
What the founders have to say:
Aparajit Subramanian, Co-founder, Repos Energy:
“This fundraiser will help us realize our goal of bringing electricity to the last mile around the world,”
Co-founder Aditi Bhosale Walunj:
“Repos Energy is helping to bridge the gap between fuel supply and demand as the world moves towards a carbon-free future. Our ultimate goal is to make all the clean fuels available with a single phone call and to deliver them to our customers’ doorsteps through an e-commerce platform.
India’s infrastructure is heavily reliant on diesel, and it is our responsibility to responsibly use it. We will use this distribution network to provide clean and green fuels to end-users in the near future.”
What the investors have to say:
“Repos is a well-thought-out idea with excellent implementation. I wish them all the best of luck, In the press release.” said Ratan Tata .
The venture, founded by a husband-and-wife team Chetan Walunj and Aditi Bhosale Walunj, is currently working on adding renewable energy like ethanol, methanol, and biofuels to its mobile distribution network, according to the company.
Through its 1,500+ partners and 2,500+ Repos mobile gasoline stations, Repos is present in over 220 cities across India.
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 from Ratan Tata, Chairman Emeritus, and other investors on May 26, 2022. As part of the pre-series, new funding was raised. According to the corporation, a capital round consists of equity and debt.){kind=link}