Greenzo Energy Limited has raised Rs 1.3 billion in its latest funding round, led by investor Ashish Kacholia and his associates. The funding round values the company’s green hydrogen platform at approximately Rs 10.3 billion post-money, taking its cumulative capital raised across three rounds to Rs 2.51 billion.
Furthermore, other participants include Alchemy Longterm Venture Fund Series 3, Lashit Sanghvi, Siddharth Sunder and Nova Global Opportunity Fund PCC – Touchtone. Greenzo Energy plans to use the funds to expand domestic electrolyser manufacturing capacity, strengthen backward integration, advance research and development, support working capital requirements and accelerate green hydrogen project execution in domestic and international markets.
Earlier, in August 2025, Greenzo Energy Limited received a research and development (R&D) order from Engineers India Limited (EIL) for the supply of a hydrogen electrolyser modular unit to be deployed at EIL’s R&D complex in Gurgaon.
