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Founded Year

2009

Stage

Private Equity - II | Alive

Total Raised

$2.314B

Last Raised

$1.3B | 8 mos ago

About Avaada

Avaada is a clean and sustainable energy company that focuses on solar module manufacturing, electrolyzer manufacturing, and green ammonia production. Its services include building infrastructure for solar modules, green energy solutions, green hydrogen, and other derivatives, electrolyzer manufacturing, and more. The company was founded in 2009 and is based in Mumbai, India.

Headquarters Location

406, Hubtown Solaris, NS Phadke Marg, Andheri East

Mumbai, 400069,

India

+91-022-61408000

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Avaada's Products & Differentiators

    Solar Energy

    For utilities and Industrial clients, to meet their power requirement

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Latest Avaada News

Mumbai-Based Avaada Group Launches Green Hydrogen Project In Odisha- Here's Why It's Important

Feb 16, 2024

Save & read from anywhere! Avaada Group is a leading green energy company in India, providing green power solutions from various green energy sources. The move is poised to generate around 1,600 direct and 4,000 indirect employment opportunities, according to a statement released by the company. "Foundation stone for Avaada Group's Green Hydrogen project was laid down today by Chief Minister of Odisha Naveen Patnaik in Gopalpur, Ganjam," the statement said. The groundbreaking ceremony was attended by Chief Minister Naveen Patnaik along with stakeholders and representatives from various sectors. The establishment of a green ammonia storage facility at Gopalpur will facilitate the export of green hydrogen, contributing to the global pursuit of achieving net-zero emissions, particularly in hard-to-abate sectors such as steel, cement, and petrochemicals. By harnessing renewable energy sources, the initiative aims to produce green ammonia with minimal environmental impact. Vineet Mittal, Chairman of Avaada Group, underscored the significance of green ammonia as a clean and renewable alternative across diverse sectors, including agriculture, transportation, and industry. Avaada Group's portfolio encompasses solar module manufacturing, renewable power generation, and the development of green hydrogen, green methanol, green ammonia, and sustainable aviation fuel projects. Also, with its renewable power generation arm, Avaada Energy, the group aims to achieve an installed capacity of 11 GW by 2026, solidifying its position in sustainable energy solutions.

Avaada Frequently Asked Questions (FAQ)

  • When was Avaada founded?

    Avaada was founded in 2009.

  • Where is Avaada's headquarters?

    Avaada's headquarters is located at 406, Hubtown Solaris, NS Phadke Marg, Andheri East, Mumbai.

  • What is Avaada's latest funding round?

    Avaada's latest funding round is Private Equity - II.

  • How much did Avaada raise?

    Avaada raised a total of $2.314B.

  • Who are the investors of Avaada?

    Investors of Avaada include Brookfield Asset Management, Global Power Synergy, Linde India, PTT, Proparco and 5 more.

  • Who are Avaada's competitors?

    Competitors of Avaada include ReNew.

  • What products does Avaada offer?

    Avaada's products include Solar Energy and 3 more.

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Compare Avaada to Competitors

ReNew Logo
ReNew

ReNew (NASDAQ: RNW) is a renewable energy company that focuses on solar & wind-energy projects. The company provides solutions in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets. It sells its power to state electricity boards and large industrial companies in India. It was formerly known as ReNew Power. The company was founded in 2011 and is based in Gurugram, India.

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