Eversource Capital

Eversource Capital is an impact investment firm based in Mumbai, India, established in 2018. The firm serves as the fund manager for the Green Growth Equity Fund, which received initial investment from India's National Investment and Infrastructure Fund and the Department for International Development. Eversource Capital focuses on financing sectors such as contracted power, distribution infrastructure, electric mobility, green finance, and renewable energy services. Its primary objective is to minimize and mitigate the adverse effects on ecosystems, communities, and the climate through strategic investments in sustainable projects within India.

Prasanna Desai

Managing Director and COO, Renewable Energy and Green Finance

Dhanpal Jhaveri

CEO

Shishir Maheshwari

Managing Director, e-Mobility and Water Management

Satish Mandhana

Co-Chief Investment Officer and Senior Managing Director

Anahita Medhora

Executive Director

Anoop Poddar

Senior Managing Director

Viral Rathod

Executive Director, Finance

Rohit Talwalkar

Managing Director

5 past transactions

Ayana Renewable Power

Private Equity Round in 2020
Ayana Renewable Power Private Limited develops utility-scale solar and wind generation projects in India, Bangladesh, Nepal, Bhutan, Myanmar, and Sri Lanka. Ayana Renewable Power Private Limited was founded in 2017 and is headquartered in Bengaluru, India.

RWDC Industries

Series B in 2020
RWDC Industries Ltd specializes in developing and manufacturing biodegradable bioplastics derived from medium chain length polyhydroxyalkanoate (mcl-PHA). Founded in 2015 and based in Singapore, the company produces mcl-PHA through bacterial fermentation of plant-based oils or sugars. RWDC's biopolymers are designed to serve as sustainable alternatives to conventional petroleum-based plastics, offering applications in food and beverage packaging, cutlery, drinking straws, cup lids, and even diapers. One of its notable innovations is a water-based PHA emulsion coating that can replace polyethylene in plastic-lined food packaging. The company emphasizes that its PHA is fully biodegradable in various environments, including soil and marine conditions, which positions it as a responsible choice for reducing plastic waste.

Origin Renewables

Acquisition in 2020
Origin Renewables specializes in providing rooftop solar energy solutions aimed at optimizing renewable energy generation and enhancing financial returns for its clients. The company offers a comprehensive suite of services, including design and engineering, financing, procurement, installation, and integration for solar projects. By collaborating closely with customers and technical partners, Origin Renewables strives to minimize the overall life cycle costs of projects, ensuring that clients achieve maximum cost benefits and sustainable financial outcomes. Additionally, the company develops solutions for ground-mounted solar farms and hybrid wind-solar systems, helping corporate and commercial users reduce their carbon dioxide emissions.

RWDC Industries

Series A in 2019
RWDC Industries Ltd specializes in developing and manufacturing biodegradable bioplastics derived from medium chain length polyhydroxyalkanoate (mcl-PHA). Founded in 2015 and based in Singapore, the company produces mcl-PHA through bacterial fermentation of plant-based oils or sugars. RWDC's biopolymers are designed to serve as sustainable alternatives to conventional petroleum-based plastics, offering applications in food and beverage packaging, cutlery, drinking straws, cup lids, and even diapers. One of its notable innovations is a water-based PHA emulsion coating that can replace polyethylene in plastic-lined food packaging. The company emphasizes that its PHA is fully biodegradable in various environments, including soil and marine conditions, which positions it as a responsible choice for reducing plastic waste.

Ayana Renewable Power

Private Equity Round in 2019
Ayana Renewable Power Private Limited develops utility-scale solar and wind generation projects in India, Bangladesh, Nepal, Bhutan, Myanmar, and Sri Lanka. Ayana Renewable Power Private Limited was founded in 2017 and is headquartered in Bengaluru, India.
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