Investment in GPS Renewables: A Step Towards Clean Energy

Investment in clean energy is gaining momentum as PixelSky Capital has reportedly allocated Rs 40–45 crore to GPS Renewables, a pioneering firm in the waste-to-energy and biofuel sector. According to a report by ET, this deal signals PixelSky’s entry into the clean energy domain, coinciding with the increasing interest in renewable fuel enterprises across India.

About PixelSky Capital

PixelSky Capital is supported by the investment banking powerhouse IndigoEdge, alongside entrepreneur Hitesh Ahuja, the founder of Yumlane. This investment firm focuses on secondary market ventures, seeking opportunities in innovative sectors.

About GPS Renewables

Founded in 2012, GPS Renewables specializes in technology and engineering services for biofuels, including compressed biogas (CBG), ethanol and green hydrogen initiatives. The firm effectively transforms organic waste and agricultural by-products into renewable energy sources and has successfully established over 100 biogas plants throughout India.

Recent Developments

In the past two years, GPS Renewables has notably broadened its footprint through capital raising and project implementation. In 2024, the company secured $50 million in debt financing, aimed at enhancing the roll-out of its compressed biogas facilities across the nation. Furthermore, it is collaborating with Indian Oil Corporation and Bharat Petroleum to develop multiple CBG projects.

Future Expansion Plans

The recent injection of funds is anticipated to bolster GPS Renewables’ growth strategy as it advances its biofuel infrastructure and embarks on new clean energy initiatives. Currently, the company is engaged in developing a series of biogas projects and is assessing avenues in alternative fuels, which include sustainable aviation fuel.