Singularity AMC, a prominent growth equity firm backed by ace investor Madhusudan Kela and led by Yash Kela, has signed definitive agreements to raise up to Rs 500 crore in Bhilwara Energy.
The investment aims to establish the company as a key player in India’s energy transition through HEG Greentech, an integrated platform focusing on power assets, battery-grade anode materials, bottle-to-bottle recycling, graphene, and advanced battery systems for energy storage and electric vehicles.
Bhilwara Energy plans to leverage the capital for organic growth, new greenfield projects, and strategic acquisitions and partnerships. Managing Director Riju Jhunjhunwala emphasised its role in scaling operations, driving innovation, and advancing India’s clean energy objectives.