About Virescent Renewable Energy Trust
Virescent Renewable Energy Trust is a company based in Mumbai (India) founded in 2020 was acquired by IndiGrid in May 2023.. Virescent Renewable Energy Trust has raised $62.31 million across 4 funding rounds from investors including IndiGrid and Aimco. The company has 16 employees as of November 30, 2023. Virescent Renewable Energy Trust has completed 1 acquisition, including GGEL. Virescent Renewable Energy Trust operates in a competitive market with competitors including Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
- Headquarter Mumbai, India
- Employees 16 as on 30 Nov, 2023
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Funding Insights of Virescent Renewable Energy Trust
Virescent Renewable Energy Trust has successfully raised a total of $62.31M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(28 Sep 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Debt – Conventional - Virescent Renewable Energy Trust | Valuation |
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| Feb, 2022 | Amount | Debt – Conventional - Virescent Renewable Energy Trust | Valuation |
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| Nov, 2021 | Amount | Debt – Conventional - Virescent Renewable Energy Trust | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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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 |
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Investors in Virescent Renewable Energy Trust
Virescent Renewable Energy Trust has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include IndiGrid and Aimco. 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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REIT focusing on residential real estate properties
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Founded Year | Domain | Location | |
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Power transmission lines, substations, and battery storage systems are operated.
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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 Virescent Renewable Energy Trust
Virescent Renewable Energy Trust has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GGEL. 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
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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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Solar and wind energy projects are developed and maintained.
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2009 |
| 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 - Virescent Renewable Energy Trust
| 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 |
Virescent Renewable Energy Trust Comparisons
Competitors of Virescent Renewable Energy Trust
Virescent Renewable Energy Trust 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 Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, 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 |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Solar energy projects are developed for residential and commercial applications.
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| domain | founded_year | HQ Location |
On-grid and off-grid solar solutions and products are provided.
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| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
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| domain | founded_year | HQ Location |
Provider of solar EPC, IPP services, and battery energy storage systems
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| domain | founded_year | HQ Location |
Provider of a range of solar products and services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Virescent Renewable Energy Trust
Frequently Asked Questions about Virescent Renewable Energy Trust
When was Virescent Renewable Energy Trust founded?
Virescent Renewable Energy Trust was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Virescent Renewable Energy Trust located?
Virescent Renewable Energy Trust is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Virescent Renewable Energy Trust a funded company?
Virescent Renewable Energy Trust is a funded company, having raised a total of $62.31M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $288.87M, raised on Sep 28, 2021.
How many employees does Virescent Renewable Energy Trust have?
As of Nov 30, 2023, the latest employee count at Virescent Renewable Energy Trust is 16.
What does Virescent Renewable Energy Trust do?
Virescent Renewable Energy Trust was established in 2020 and is headquartered in Mumbai, India. Operations in the renewable energy sector are focused on the development of solar energy projects. Services include project planning, implementation, and management to support sustainable energy initiatives. The companys domain, virescent.co.in, serves as the primary online presence for stakeholder engagement and information dissemination. Activities are conducted primarily within India to advance solar infrastructure.
Who are the top competitors of Virescent Renewable Energy Trust?
Virescent Renewable Energy Trust's top competitors include Lightsource BP, Fourth Partner Energy and Freyr Energy.
How many acquisitions has Virescent Renewable Energy Trust made?
Virescent Renewable Energy Trust has made 1 acquisition, including GGEL.