About Avaada Group
Avaada Group is a company based in Delhi (India) founded in 2009 by Vineet Mittal. Avaada Group has raised $879.45 million across 6 funding rounds from investors including Asian Development Bank, GPSC and Brookfield Asset Management. Avaada Group offers products and services including Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions. Avaada Group operates in a competitive market with competitors including Octopus Energy, Greenko Group, Acciona Energy, ACME Group and Azure Power, among others.
- Headquarter Delhi, India
- Founders Vineet Mittal
- Stage Unicorn
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$879.45 M (USD)
in 6 rounds
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Latest Funding Round
$535 M (USD), Debt – Conventional
May 02, 2024
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Investors
Asian Development Bank
& 8 more
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Employee Count
Not available
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Products & Services of Avaada Group
Avaada Group offers a comprehensive portfolio of products and services, including Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions.
Produces world-class solar technology for energy projects.
Develops sustainable fuels like ammonia for clean energy transition.
Offers solar and wind projects for sustainable power generation.
Provides pumped storage for efficient energy management systems.
People of Avaada Group
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Funding Insights of Avaada Group
Avaada Group has successfully raised a total of $879.45M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $535 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Avaada Group
Avaada Group has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Asian Development Bank, GPSC and Brookfield Asset Management.
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Focus is placed on real estate and renewable energy investments.
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Private equity firm focused on multiple sectors
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Investor details for Avaada Group
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Investments & Acquisitions by Avaada Group
Investment portfolio details for Avaada Group
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Financial Statements - Avaada Group
Detailed financials for Avaada Group
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Avaada Group Comparisons
Peer comparison for Avaada Group
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Competitors of Avaada Group
Avaada Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octopus Energy, Greenko Group, Acciona Energy, ACME Group and Azure Power, among others.
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Utility bill management platform is provided for tracking and billing.
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Energy transition and decarbonization solutions are provided by Greenko Group.
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Renewable energy is developed, constructed, and marketed globally.
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Solar energy projects are developed for sustainable energy solutions.
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Provider of independent power producer in the utility scale renewable energy
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Detailed competitors of Avaada Group
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Latest news on Avaada Group
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Frequently Asked Questions about Avaada Group
Avaada Group was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Avaada Group is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Kishor Nair is the current CEO of Avaada Group.
Avaada Group is a funded company, having raised a total of $879.45M across 6 funding rounds to date.
Founded in 2009 and based in Delhi, India, operations in the renewable energy sector are conducted by the company. Solar PV modules are manufactured, while projects in solar and wind energy are developed. Solutions for pumped hydro and battery energy storage are offered, alongside production of green fuels such as ammonia, methanol, and sustainable aviation fuel.
Avaada Group's top competitors include Octopus Energy, Hero Future Energies and Azure Power.
Avaada Group offers Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions.
Avaada Group has 9 investors. Key investors include Asian Development Bank, GPSC, Brookfield Asset Management, FMO, and KfW.
The valuation of Avaada Group is $1.12B as of Jul 2021.