Gensol Engineering has raised a significant Rs 900 crore (Rs 9 billion) equity capital through warrants convertible into equity shares on a preferential basis. This major milestone comes at a juncture when Gensol is on an exceptional growth trajectory and is leading the green energy and clean mobility revolution.
Gensol has achieved significant advancements in Solar EPC, EV Leasing, and EV Manufacturing sectors. The company’s dedication to innovation and environmental stewardship drives its continued progress, aiming for a 5X growth within the next three years. The equity fund raise saw participation from distinguished international and domestic participants including FPIs such as Elara India Opportunity Fund, Aries Opportunities Fund, Tano Investment Opportunities Fund etc. The capital raise is subject to shareholders’ approval at the EGM of the company to be held on March 2, 2024 and statutory approvals in compliance with SEBI Regulations.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
