Funding · Climate, Energy & Sustainability

Greenjoules raises ₹62 crore in Series B round

By Startup Enthusiast · 21 August 2026

What they do

Greenjoules converts farm residues into renewable fuels for diesel engines and industrial equipment

It raised about ₹62 crore ($6.5 million) in an ongoing Series B round led by Amazon's investment arm

The company is also developing green fuels for sustainable aviation fuel and green hydrogen

Greenjoules raised about ₹62 crore ($6.5 million) in an ongoing Series B round.
The round was led by Amazon.com NV Investment Holdings, Amazon's investment arm.
Singularity AMC’s Singularity Strategic Autonomy Fund also participated.
Amazon allotted 40,338 Series B1 CCPS at ₹11,155.5 each for ₹45 crore.
Singularity allotted 15,238 Series B1 CCPS for about ₹17 crore.
Greenjoules declined to comment on the total round size.

India aims to achieve net-zero carbon emissions by 2070, announced at COP26.
India's cleantech market is projected to become $152.5 billion by 2030.
The funding supports development of alternative fuels to reduce crude oil dependence.

Greenjoules converts farm residues into renewable fuels for diesel engines and industrial equipment.
It substitutes crude oil with agricultural waste.
The company is developing green fuels for sustainable aviation fuel (SAF).
It also works on green hydrogen and biomethane.
In 2021, it raised $4.5 million to set up commercial waste-to-energy plants and invest in R&D.

Amazon.com NV Investment Holdings (lead) — Amazon's investment arm.
Singularity AMC’s Singularity Strategic Autonomy Fund (participated) — A fund managed by Singularity AMC.

Product: Second-generation biofuels derived from farm residues as diesel substitutes for engines and equipment
Customers: Industrial and commercial users seeking renewable fuel alternatives to crude oil
How it makes money: B2B production and sale of biofuels meeting IS1460 standards for industrial substitution
What sets it apart: Non-food agricultural waste utilization avoiding food security concerns associated with traditional biodiesel