Solar EPC service provider Prozeal Infra raised $4 M from Alchemie Ventures
Prozeal Infra, a provider of solar EPC services, has raised $4 million in a round of funding led by Alchemie Ventures, the family office of Chandrakant Gogri. A minority stake is being purchased for an undisclosed valuation.
According to a press release from Prozeal Infra, the funds will be used to scale operations and carry out developer-model projects for energy and utility companies.
Manan Thakkar and Shobit Rai co-founded Prozeal Infra in 2013, focusing on the commercial and industrial segments and serving the utilities sector. With the creation of environmentally friendly and sustainable energy solutions for future generations, the company hopes to make a positive contribution to the world.
Prozeal Infra provides end-to-end turnkey projects in the fields of solar EPC, electric vehicle charging, and innovative projects like floating solar, battery storage, and hydrogen power. Prozeal Infra has the vision to support India’s sustainable energy goals by becoming a decarbonization and net-zero solution provider for commercial and industrial MNCs, MSMEs, and government organizations.
The Ahmedabad-based business claims to have completed projects for more than 200 businesses and to have an installed capacity of 1 GW across numerous projects. These clients include Ashok Leyland, Pidilite Industries, Mahindra CIE, Indian Oil, Hinduja Renewables, JSW, GHCL, and others.
Additionally, it states that over the course of the following year, an order book worth Rs 1,000 crore will be fulfilled. They anticipate revenue in FY25 to exceed Rs 1,500 crore.
In addition to Sterling and Wilson, Loom Solar, Sunsure Energy, Tata Power Solar, and Fourth Partner Energy, Prozeal Infra is in competition with these companies.
