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Avaada Group logo — Promise of a Sustainable Future

Avaada Group

Promise of a Sustainable Future

Founded 2009 India Mumbai, India 1069 employees Debt Financing Total: $181.83B Energy, Renewable Energy +1

General Information

Company Name Avaada Group
Founded Year 2009
Location India Mumbai, India
Employees 1069
Industries Energy, Renewable Energy, Clean Energy
Funding Stage Debt Financing
Social

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About Avaada Group

Avaada Group is a visionary energy conglomerate with a presence across the entire spectrum of the energy transition value chain, including the production of Solar Modules, Renewable Power Generation, and the development of large scale projects for Green Hydrogen, Green Methanol, Green Ammonia, and Sustainable Aviation Fuel. Under the astute leadership of Mr. Vineet Mittal, the group has established itself as a significant player on the global energy stage. Avaada Energy, the group's flagship arm for renewable power generation, is on track to reach an impressive 11 GW of installed capacity by 2026. With its robust execution capabilities and a solid track record, Avaada has earned the trust of international investors, as evidenced by the equity raise of US $1.3 Billion in early 2023, including a US $1 Billion investment commitment from Brookfield’s Energy Transition Fund and $300 million from GPSC, PTT Group of Thailand.

Avaada Group, founded in 2009, operates in the Energy, Renewable Energy, and Clean Energy industries, with its headquarters in India. The company's last investment was an INR44.71B debt financing investment on 19 April 2024, backed by the National Bank for Financing Infrastructure and Development (NaBFID).

Business keywords: Solar Energy, Green Hydrogen, Green Methanol, Sustainable Aviation Fuel, Energy Transition, Renewable Power Generation, Sustainable Development, Environmental Sustainability, Social Responsibility, Business Sustainability, Investment, Energy Conglomerate, Sustainable Future

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing INR3.15B 1
Aseem Infrastructure Finance
Aseem Infrastructure Finance
28 May 2024
Debt Financing INR11.90B 1
State Bank of India
State Bank of India
02 May 2024
Debt Financing INR44.71B 1
National Bank for Financing Infrastructure and Development (NaBFID)
18 Apr 2024
Corporate Round INR107.00B 2
Global Power Synergy Company, Brookfield Renewable Partners
30 Jun 2023
Corporate Round INR78.80M 1
Airtel
10 Mar 2022
Corporate Round THB14.83B 1
Global Power Synergy Company
13 Jul 2021
Private Equity Round $10.00M 1
DEG
DEG
29 Oct 2020
Venture Round $15.00M 1
Proparco
Proparco
22 Nov 2019
Debt Financing $144.00M 3
DEG FMO
DEG, FMO +1
09 Apr 2019

Avaada Group Alternatives & Competitors

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Avaada Group vs
SBI BioEnergy Inc.
SBI BioEnergy Inc. Canada

Golu-H2 technology empowers people and communities to sustainably produce their own clean carbon neg...

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Avaada Group vs
Onix Renewable
Onix Renewable India

IPP | EPC | Energy Transition | Wind | Solar | BESS | Utility | Hybrid | Green Hydrogen | Green amm...

329 employees
Manufacturing, Renewable Energy
Avaada Group vs
InnoEnergy
InnoEnergy The Netherlands

Accelerating sustainable energy innovations

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286 employees
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Compare Avaada Group vs InnoEnergy
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FAQ About Avaada Group

Promise of a Sustainable Future
Avaada Group was founded in 2009.
Avaada Group is headquartered in Mumbai, India.
Avaada Group operates in Energy, Renewable Energy and Clean Energy. Its work centres on Solar Energy, Green Hydrogen, Green Methanol and Sustainable Aviation Fuel.
Avaada Group has approximately 1069 employees.
Avaada Group has completed 9 funding rounds, raising a total of $181.83B. The latest funding stage is Debt Financing.
Top alternatives and competitors to Avaada Group include SBI BioEnergy Inc., Onix Renewable, InnoEnergy, Metafuels, Blueleaf Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Avaada Group and SBI BioEnergy Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Avaada Group, https://bouncewatch.com/company/avaada-group, updated 31 December 2024. When citing, please name BounceWatch and link this page.

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