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Punjab Renewable Energy Systems

prespl.com

Founded Year

2011

Stage

Loan | Alive

Total Raised

$17.66M

Last Raised

$10M | 8 mos ago

About Punjab Renewable Energy Systems

Punjab Renewable Energy Systems (PRES) provides fuel aggregation and supply focused on agriculture residue. It provides supply chain management by aggregating, processing, and distributing biomass. The company was founded in 2011 and is based in Navi Mumbai, India.

Headquarters Location

Plot No. 03, Sector-15, CBD Belapur Office No. 708-713, 7th Floor, V Times Square

Navi Mumbai, 400 614,

India

+91-11-46501322

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Research containing Punjab Renewable Energy Systems

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Punjab Renewable Energy Systems in 1 CB Insights research brief, most recently on Apr 11, 2022.

Expert Collections containing Punjab Renewable Energy Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Punjab Renewable Energy Systems is included in 2 Expert Collections, including Renewable Energy.

R

Renewable Energy

2,914 items

Includes companies working on technology to support renewable energy generation.

O

Oil & Gas Tech

672 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

Latest Punjab Renewable Energy Systems News

US govt arm lends $35 million to Creditaccess Grameen to help women entrepreneurs

Oct 19, 2022

The US government's Development Finance Corporation (DFC) also signed an agreement for a USD 10 million loan guarantee for Punjab Renewable Energy Systems, which will help fund the construction of seven biomass plants. PTI Representative image A US government arm on Tuesday announced a USD 35 million loan to domestic microlender Creditaccess Grameen (CAG), which will eventually help 5 lakh women entrepreneurs gain access to credit. The US government's Development Finance Corporation (DFC) also signed an agreement for a USD 10 million loan guarantee for Punjab Renewable Energy Systems, which will help fund the construction of seven biomass plants. The agreements were signed by DFC's visiting chief executive Scott Nathan on the first day of his visit to India, as part of the President Joe Biden administration's efforts to deepen the Indo-US ties and also help the broader causes it has committed to support. Nathan said the DFC, which has so far committed USD 3 billion of support to Indian private sector enterprises since getting formed in 2019 making the country the largest beneficiary of the programme, is committed to support financial inclusion and clean energy causes. It will also announce support on the healthcare front during the New Delhi-leg of Nathan's visit, and is also looking at other focus areas including bridging the digital divide and upping infrastructure. In remarks that came after a recent report highlighting India slipping on the global hunger index, Nathan told reporters that food security is also an important priority for the DFC, which it does through supporting the technology solutions, cold storages and logistics areas. He said that it has committed USD 30 million for an agritech fund and also given USD 10 million support to a milk company towards the same area. CAG's managing director and chief executive Udaya Kumar said the USD 35 million loan facility has a tenor of seven years and there is also a dedicated allocation for unwed women as part of the loan agreement.

Punjab Renewable Energy Systems Frequently Asked Questions (FAQ)

  • When was Punjab Renewable Energy Systems founded?

    Punjab Renewable Energy Systems was founded in 2011.

  • Where is Punjab Renewable Energy Systems's headquarters?

    Punjab Renewable Energy Systems's headquarters is located at Plot No. 03, Sector-15, CBD Belapur, Navi Mumbai.

  • What is Punjab Renewable Energy Systems's latest funding round?

    Punjab Renewable Energy Systems's latest funding round is Loan.

  • How much did Punjab Renewable Energy Systems raise?

    Punjab Renewable Energy Systems raised a total of $17.66M.

  • Who are the investors of Punjab Renewable Energy Systems?

    Investors of Punjab Renewable Energy Systems include U.S. International Development Finance Corporation, Shell Ventures, Neev Fund and responsAbility Investments.

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