Glow Raises USD 30 Mn for Solar Expansion in Rajasthan
By Rediff Money Desk, New Delhi Dec 04, 2024 14:11
Glow, a green energy startup, secures USD 30 million funding for solar power expansion in Rajasthan, aiming to accelerate renewable energy adoption in India.
New Delhi, Dec 4 (PTI) Glow, a startup in the green energy space, has secured USD 30 million funding (about Rs 250 crore) from venture capital firms Framework and Union Square Ventures.
The investment will fuel Glow's mission to accelerate the adoption of renewable energy, the company said in a statement.
Since its inception in 2023, Glow's three solar farms have already gone live in Rajasthan, generating a total of 21.3 MW of solar capacity. These projects are located at Rays Power Experts's site near Bikaner.
"This investment will enable us to scale our operations, expand our network of solar farms, and empower communities around the world with clean, affordable energy, starting with India," said David Vorick, CEO and co-founder of Glow.
The investment will fuel Glow's mission to accelerate the adoption of renewable energy, the company said in a statement.
Since its inception in 2023, Glow's three solar farms have already gone live in Rajasthan, generating a total of 21.3 MW of solar capacity. These projects are located at Rays Power Experts's site near Bikaner.
"This investment will enable us to scale our operations, expand our network of solar farms, and empower communities around the world with clean, affordable energy, starting with India," said David Vorick, CEO and co-founder of Glow.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 ( -0.42)
- 28334153
- YES Bank Ltd.
- 18.25 ( -1.24)
- 9525366
- Suzlon Energy Ltd.
- 52.56 ( -3.24)
- 9310880
- Thinkink Picturez
- 1.16 (+ 4.50)
- 8645050
- Srestha Finvest
- 0.66 ( -1.49)
- 8526864
MORE NEWS
Drivers' Day: Celebrating India's Transport Heroes
India celebrates Drivers' Day on Jan 24th, recognizing the crucial role of drivers in...
Budget 2025: Tech Industry Asks for Deeptech...
Nasscom urges the Indian government to create a deeptech fund, tweak safe harbor rules,...
Lodha Brothers Dispute: Macrotech Sues Over...
Macrotech Developers sues its founder's brother, Abhinandan Lodha, for trademark...