Apraava Energy, a leading integrated energy solutions provider based in Mumbai, has secured Rs 800.9 crore in funding from British International Investment (BII) and Standard Chartered.
The funds will support the expansion of Apraava's advanced metering infrastructure (AMI) and aid India's transition to sustainable energy. Apraava signed agreements with BII for Rs 400.5 crore, and another Rs 400.4 crore with Standard Chartered. The investment demonstrates the collaboration between two UK institutions, combining commercial and development finance to support India's energy goals.
Apraava is jointly owned by the CLP Group, one of Asia’s largest power investors, and La Caisse, a global investment group. The funding will play a key role in enhancing Apraava's efforts to drive clean energy growth and innovation across India.