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GPS Renewables Secures Rs. 6.35bn Funding

GPS Renewables (GPSR), a full-stack renewable oil and gas company specializing in bioenergy solutions, has secured Rs. 6.35 billion through a Series C funding round to support its expansion plans and strengthen its position in India’s growing renewable natural gas sector.

The funding package includes Rs. 1.25 billion in equity investment led by PixelSky Capital, with participation from Spectrum Impact Family Office and other investors. Additionally, GPS Renewables has secured a Rs. 2 billion equity commitment under its project development platform, GPSR Arya, from a leading Korean conglomerate. This follows an earlier Rs. 3.10 billion investment in the company’s asset platform business from Sojitz Corporation in partnership with Indian Oil Corporation (IOC).

According to the company, the newly raised capital will be utilized to strengthen its balance sheet, accelerate the execution of large-scale compressed biogas (CBG) projects across India, and support ongoing and future developments under GPSR Arya.

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