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Funding alert
- as ifStart Story | September 15, 2022
Navitas Alpha Renewables Limited ((NARPL) He announced that he has raised INR 7 crore in the seed round of funding Niveshay, Investment Advisors, including active participation of Madhusudan Sarda, IVY Growth Associates, etc.
Navitas Alpha Group plans to use the fresh funds to further strengthen the company by expanding research and development initiatives and adding additional capacity. Moreover, a significant amount of the fund will be used to improve the value of their products and increase the company’s testing capacity.
“It is a great privilege to have the support of such strong and like-minded investors at this early stage of Naples’ journey. With the support from Niveshai, in addition to our existing investors, we are well positioned to seize the opportunity and become an industry leader,” said Akshay Agrawal, Director, NARPL.
Arvind Kothari, Founder, Nivesshaay said, “Given the huge potential of the renewable sector and the NARPL Group’s relentless pursuit of success, this investment seems like the perfect way to support India’s transition to sustainable energy. We at Nivesshaay are excited to help the NARPL Group capitalize on the country’s growing solar opportunities.”
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