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Events / Business / GPS Renewables raises Rs 635 crore
Business Series C funding

GPS Renewables raises Rs 635 crore

Analysis based on 7 articles · First reported Jun 08, 2026 · Last updated Jun 08, 2026

Sentiment
70
Attention
4
Articles
7
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The successful Series C funding round for RenewableUK is a positive signal for the renewable energy sector in India, particularly for biofuel and compressed biogas projects. This investment will accelerate the development of clean energy infrastructure, potentially leading to increased demand for related technologies and services, and supporting India's decarbonization goals. Companies like Indian Oil Corporation and Bharat Petroleum, which have joint ventures with RenewableUK, may see enhanced project execution and growth in their renewable energy portfolios.

Renewable energy Biofuel Oil and gas
Event Summary

RenewableUK, an Indian renewable oil and gas company, has successfully raised Rs 635 crore in a Series C funding round. This funding includes Rs 125 crore in equity led by PixelSky Capital, with participation from Spectrum Impact Family Office and other investors. Additionally, RenewableUK secured a Rs 200 crore equity commitment for its project development platform, GPSR Arya, from a leading Korean conglomerate. This follows an earlier Rs 310 crore investment from Sojitz in partnership with Indian Oil Corporation. The capital will be used to support RenewableUK' next phase of growth, strengthen its financial position, and accelerate the execution of large-scale compressed biogas projects across India. A portion of the funds will also be invested in GPSR Arya to support ongoing and upcoming projects. RenewableUK has a strong track record, including Asia's largest municipal solid waste-based CBG plant in Indore and an EPC contract from ITC Limited for India's first Ethanol-to-Jet Sustainable Aviation Fuel plant. The company also has joint ventures with Indian Oil Corporation and Bharat Petroleum for CBG infrastructure development.

Key Actions
100 RenewableUK raised funding
80 PixelSky Capital led equity funding RenewableUK
60 Sojitz invested RenewableUK
40 ITC Limited secured EPC contract RenewableUK
Entities Involved
ngo
RenewableUK
RenewableUK successfully raised Rs 635 crore in Series C funding, which will support its growth, strengthen its financial position, and accelerate the execution of large-scale compressed biogas projects across India. This funding also allows it to invest in its project development platform, GPSR Arya.
Importance 100 Sentiment 75
priv
PixelSky Capital
PixelSky Capital led the equity funding portion of RenewableUK' Series C round, investing Rs 125 crore. This investment reflects confidence in RenewableUK' technology and execution capabilities in the bioenergy sector.
Importance 80 Sentiment 60
per
Mainak Chakraborty
Mainak Chakraborty, CEO of RenewableUK, highlighted that the funding enhances the company's execution capabilities and positions it to deliver on a growing portfolio of projects.
Importance 80 Sentiment 70
per
Parag Parikh
Parag Parikh, Group CFO of RenewableUK and CEO of GPSR Arya, stated that the funding strengthens the company's balance sheet and supports its capital management plan, allowing for further leverage in the EPC business and investment in GPSR Arya.
Importance 70 Sentiment 70
stock
Sojitz
Sojitz previously invested Rs 310 crore into RenewableUK' asset platform business, GPSR Arya, in partnership with Indian Oil Corporation, demonstrating its commitment to renewable energy projects in India.
Importance 60 Sentiment 50
stock
Indian Oil Corporation
Indian Oil Corporation is a partner in joint ventures with RenewableUK for the development of compressed biogas infrastructure and was involved in an earlier asset-platform tie-up with Sojitz.
Importance 60 Sentiment 50
cnt
India
India benefits from the expansion of compressed biogas infrastructure and the development of sustainable aviation fuel plants, contributing to its clean energy transition and energy security goals.
Importance 60 Sentiment 50
per
Zerin Rahman
Zerin Rahman, Managing Partner at PixelSky Capital, expressed confidence in RenewableUK' disciplined approach and proven track record, reinforcing the investment decision.
Importance 50 Sentiment 60
priv
Spectrum Impact Family Office
Spectrum Impact Family Office participated in the equity funding round for RenewableUK, contributing to the Rs 125 crore raised.
Importance 40 Sentiment 50
stock
Bharat Petroleum
Bharat Petroleum has joint ventures with RenewableUK for the development of compressed biogas infrastructure, contributing to India's clean fuel initiatives.
Importance 40 Sentiment 50
stock
ITC Limited
ITC Limited awarded an EPC contract to RenewableUK to construct India's first Ethanol-to-Jet Sustainable Aviation Fuel plant, expanding RenewableUK' clean fuels portfolio.
Importance 40 Sentiment 50
cnt
India
India has joint ventures with RenewableUK for compressed biogas projects, converting agricultural and organic waste into cleaner fuel.
Importance 30 Sentiment 50
priv
JK Industries
The family office of JK Industries Pvt. Ltd. participated in the equity funding round for RenewableUK.
Importance 30 Sentiment 50
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