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 +1
Employees 1069
Industries Energy, Renewable Energy, Clean Energy
Funding Stage Debt Financing
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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).

Taxonomy: 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 •••••• 1
Investor
28 May 2024
Debt Financing •••••• 1
Investor
02 May 2024
Debt Financing •••••• 1 •••• •••• 18 Apr 2024
Corporate Round •••••• 2 •••• •••• 30 Jun 2023
Corporate Round •••••• 1 •••• •••• 10 Mar 2022

View All 9 Funding Rounds

Avaada Group Alternatives & Competitors

Avaada Group vs
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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 the following industries: Energy, Renewable Energy, Clean Energy.
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 Hive Energy, Q ENERGY, GREEN GENIUS, Green Switch Capital - Qair Group, Altiro Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Avaada Group and Hive Energy 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.

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