Fourth Partner Energy (4PEL) a Hyderabad-based company developing distributed solar power, has raised around US$2 million in financing, enabling the firm to offer more financing options to its clients.
Infuse Ventures, a sustainability and clean technology fund, led the investment. Meanwhile 4PEL’s exisiting investors, the Chennai Angels (TCA) also made a commitment in the financing.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
A commitment was also received under the Seed Capital Assistance Facility (SCAF), which was implemented through the United Nations Environment Programme and the Asian Development Bank.
4PEL was founded in 2010 and has built a portfolio of 350 decentralized solar power installations in India with capacities ranging from 1-500kW.