Amp Energy raises $250M funding from SMBC Bank of Japan, ICG, AIIB
SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank) have each committed up to $250 million (about Rs 2,061 crore) to the energy transformation platform Amp Energy India.
Amp Energy India, which has a portfolio of more than 2.7 GW spread over 17 states in the nation, would use the $250 million capital to support the company's expansion. Pharmaceutical, automotive, cement, steel, heavy engineering infrastructure, FMCG, educational institutions, IT & data centres, utilities, and government agencies are just a few of the marquee clients Amp Energy India serves with renewable energy transition solutions.
Pinaki Bhattacharyya, the founder, MD, and CEO of Amp Energy India, stated that the company is "on our way to being the leading energy transition platform in the country" with the help of this financing. Since their initial investment in 2018, Amp India has demonstrated exceptional endurance and generated an impressive growth even throughout the pandemic period, according to Rohit Nanda, Head of Equity Group - Infrastructure team, Asia at SMBC.
Tokyo, Japan serves as the home base for the worldwide banking and financial services company SMBC. Devarshi Das, Head of Asia-Pacific Infrastructure at global alternative asset manager ICG, stated, "We are very pleased to announce our partnership with Amp India as the first investment for ICG's Asia-Pacific Infrastructure." This is the first direct equity investment by the multilateral development finance agency AIIB into a renewable IPP, according to Rajat Misra, Director General-Infrastructure Investment Department (region 1). Additionally, our funding will assist the company in luring long-term private capital in order to forward its business plan.
Amp Energy India, which has a portfolio of more than 2.7 GW spread over 17 states in the nation, would use the $250 million capital to support the company's expansion. Pharmaceutical, automotive, cement, steel, heavy engineering infrastructure, FMCG, educational institutions, IT & data centres, utilities, and government agencies are just a few of the marquee clients Amp Energy India serves with renewable energy transition solutions.
Pinaki Bhattacharyya, the founder, MD, and CEO of Amp Energy India, stated that the company is "on our way to being the leading energy transition platform in the country" with the help of this financing. Since their initial investment in 2018, Amp India has demonstrated exceptional endurance and generated an impressive growth even throughout the pandemic period, according to Rohit Nanda, Head of Equity Group - Infrastructure team, Asia at SMBC.
Tokyo, Japan serves as the home base for the worldwide banking and financial services company SMBC. Devarshi Das, Head of Asia-Pacific Infrastructure at global alternative asset manager ICG, stated, "We are very pleased to announce our partnership with Amp India as the first investment for ICG's Asia-Pacific Infrastructure." This is the first direct equity investment by the multilateral development finance agency AIIB into a renewable IPP, according to Rajat Misra, Director General-Infrastructure Investment Department (region 1). Additionally, our funding will assist the company in luring long-term private capital in order to forward its business plan.
