Greenjoules secures ₹150 crore to scale renewable fuel production capacity

Greenjoules has raised ₹150 crore in Series B funding, marking a significant milestone for the renewable fuels sector in India. Amazon's Smbhav Venture Fund and Climate Pledge Fund jointly led the investment round, underscoring corporate interest in clean energy alternatives.

The capital infusion comes alongside a ₹100 crore government loan facility, which will support development of Greenjoules' Pune manufacturing plant. The facility is designed to produce 200,000 litres of biocrude daily by converting agricultural waste into usable fuel, addressing both waste management and energy transition challenges.

Biocrude production from farm residues represents a growing opportunity in India's renewable energy landscape. By processing agricultural byproducts that would otherwise be burned or left unused, the technology offers a pathway to reduce both emissions and biomass-related air pollution while generating alternative fuels for industrial and transport applications.

The funding validates investor confidence in Greenjoules' business model and technology platform. With backing from major corporate sustainability initiatives, the company is positioned to accelerate capacity expansion and potentially influence renewable fuel adoption across India's industrial sector.