About GPS Renewables
GPS Renewables is a company based in Bengaluru (India) founded in 2012 by Praveen Sukumaran, Mainak Chakraborty, and Sreekrishna Sankar.. GPS Renewables has raised $18.99 million across 5 funding rounds from investors including Yes Bank, Northern Arc Capital and Vivriti Capital. The company has 318 employees as of September 26, 2024. GPS Renewables has completed 1 acquisition, including proweps envirotec. GPS Renewables offers products and services including BioUrja, Technology Delivery, Project Execution, and Specialized Products. GPS Renewables operates in a competitive market with competitors including Gruner Renewable, Carbonlites, Kisan Gas, Urjas and Vaayu Mitra, among others.
- Headquarter Bengaluru, India
- Employees 318 as on 26 Sep, 2024
- Founders Praveen Sukumaran, Mainak Chakraborty, Sreekrishna Sankar
- Stage Minicorn
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Gps Renewables Pvt. Ltd.
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$52.99 M (USD)0as on Mar 31, 2024
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Net Profit
$2.72 M (USD)0as on Mar 31, 2024
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EBITDA
$5.31 M (USD)0as on Mar 31, 2024
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Total Equity Funding
$18.99 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Apr 16, 2024
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Investors
Yes Bank
& 16 more
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Employee Count
318
as on Sep 26, 2024
- Investments & Acquisitions
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Products & Services of GPS Renewables
GPS Renewables offers a comprehensive portfolio of products and services, including BioUrja, Technology Delivery, Project Execution, and Specialized Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Technology for processing urban waste into clean biogas.
Solutions for bio-process design and optimization.
End-to-end management of large-scale biofuel projects.
Products for upgrading existing biofuel infrastructure.
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Funding Insights of GPS Renewables
GPS Renewables has successfully raised a total of $18.99M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in April 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(20 Mar 2014)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Debt – Conventional - GPS Renewables | Valuation |
investors |
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| Sep, 2023 | Amount | Series B - GPS Renewables | Valuation |
investors |
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| Mar, 2022 | Amount | Series B - GPS Renewables | Valuation | Neev Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GPS Renewables
GPS Renewables has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include Yes Bank, Northern Arc Capital and Vivriti Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Diversified investment portfolios are managed for various clients.
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Founded Year | Domain | Location | |
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Investment advisory and fund management services for SMEs and agriculture in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GPS Renewables
GPS Renewables has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include proweps envirotec. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of waste recycling services
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GPS Renewables
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gps Renewables Comparisons
Competitors of GPS Renewables
GPS Renewables 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 Gruner Renewable, Carbonlites, Kisan Gas, Urjas and Vaayu Mitra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Biogas is produced from organic waste for sustainable energy solutions.
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| domain | founded_year | HQ Location |
Biogas digester developer and bio-CNG producer
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| domain | founded_year | HQ Location |
Production of biogas from waste
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| domain | founded_year | HQ Location |
Provider of devices that converts agro and plastic waste into energy
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| domain | founded_year | HQ Location |
Provides biogas systems for waste management in corporates, homes, and institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gps Renewables
Frequently Asked Questions about GPS Renewables
When was GPS Renewables founded?
GPS Renewables was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is GPS Renewables located?
GPS Renewables is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of GPS Renewables?
Mainak Chakraborty is the current CEO of GPS Renewables. They have also founded this company.
Is GPS Renewables a funded company?
GPS Renewables is a funded company, having raised a total of $18.99M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10.51M, raised on Mar 20, 2014.
How many employees does GPS Renewables have?
As of Sep 26, 2024, the latest employee count at GPS Renewables is 318.
What is the annual revenue of GPS Renewables?
Annual revenue of GPS Renewables is $52.99M as on Mar 31, 2024.
What does GPS Renewables do?
Founded in 2012 in Bengaluru, India, GPS Renewables operates in the bioenergy sector. End-to-end bioenergy projects are executed, including design, engineering, project management, and procurement. Bespoke technology solutions for bio-process design, optimization, and biofuel engineering are offered for various initiatives. Industrial-scale decarbonization projects focused on biogas, bioCNG, ethanol, and green hydrogen are developed. Cost-efficient technology products for upgrading existing biofuel systems are also supplied.
Who are the top competitors of GPS Renewables?
GPS Renewables's top competitors include Gruner Renewable, Carbonlites and Kisan Gas.
What products or services does GPS Renewables offer?
GPS Renewables offers BioUrja, Technology Delivery, Project Execution, and Specialized Products.
How many acquisitions has GPS Renewables made?
GPS Renewables has made 1 acquisition, including proweps envirotec.
Who are GPS Renewables's investors?
GPS Renewables has 17 investors. Key investors include Yes Bank, Northern Arc Capital, Vivriti Capital, HDFC Bank, and HSBC.
What is GPS Renewables's valuation?
The valuation of GPS Renewables is $36.04M as of Sep 2023.
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