Ahmedabad-Based AIF Powers Solar Growth with Major Investment in Renewable Energy Company – EQ
In Short : An Ahmedabad-based Alternative Investment Fund (AIF) has made a significant investment in a renewable energy company, boosting the growth of solar energy in India. The funding will support the company’s expansion in the solar sector, enabling it to scale up projects, increase energy production, and contribute to India’s renewable energy goals. This investment aligns with the country’s push towards cleaner, sustainable energy sources.
In Detail : Chanakya Opportunities Fund I, led by CA Kresha Gupta, has made a significant investment in Cosmic PV Power, a prominent OEM and ODM specializing in solar panel manufacturing. This investment bolsters Cosmic PV Power’s mission to scale operations and contribute to India’s transition to clean energy.
Cosmic PV Power: Excellence in Solar Manufacturing
Founded in 2020 by Jenish Kumar Ghael and Shravan Kumar Gupta, Cosmic PV Power Private Limited produces high-quality polycrystalline, monocrystalline, and Topcon solar panels. With its advanced Mono-Perc and Topcon technology, the company operates a 600 MW manufacturing facility, producing solar panels of up to 580 KWp capacity.
Expansion Plans for a Gigawatt-Scale Facility
Backed by Chanakya Opportunities Fund, Cosmic PV Power aims to expand its manufacturing capacity from megawatts to gigawatts. “This investment fuels our commitment to India’s clean energy shift and sustainable growth,” said Shravan Kumar Gupta, Director at Cosmic PV Power.
Chanakya Opportunities Fund: Empowering the SME Sector
Chanakya Opportunities Fund, India’s first SEBI-registered Category II fund focused on SME Exchange and microcap segments, is managed by StepTrade Share Services Pvt. Ltd. This sector-agnostic fund identifies promising SME opportunities to achieve its investment objectives, facilitating both Indian and foreign investors in high-potential unlisted and SME-listed securities.
StepTrade’s Global Reach with Steptrade India Fund
StepTrade Share Services has expanded globally with the launch of the Steptrade India Fund via GIFT City, granting international investors access to India’s SME sector. Kresha Gupta, Fund Manager of Chanakya Opportunities Fund, affirmed, “Our investment in Cosmic PV Power aligns with our vision for a cleaner, greener India.”
