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Funding · Professional & Local Services

Zetwerk featured in GPS Renewables funding news

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Date
Company
Zetwerk
What it does
Manufacturing supply chain platform
Kind
Funding
Amount
Undisclosed
Founded
2018
Sector
Professional & Local Services

What they do

Zetwerk is a manufacturing supply chain platform

What happened

GPS Renewables raised undisclosed mezzanine funding for biogas projects

Why it matters

Zetwerk was mentioned in the context of this clean energy investment

The details

  • GPSR Arya raised mezzanine funding from Alternates by Axis AMC.
  • The funding amount was not disclosed in the reports.
  • GPSR Arya is the asset platform of full-stack biofuels company GPS Renewables.
  • Funds will accelerate development of compressed biogas projects across India.
  • India seeks to strengthen domestic sources of clean energy amid global volatility.
  • India remains a net importer of natural gas and faces geopolitical risks.
  • Recent instability in West Asia has caused supply constraints for LPG cylinders.
  • Compressed biogas is produced from organic waste within the country.

The bigger picture

  • CBG is less vulnerable to global supply shocks because its feedstock and pricing are largely domestic.
  • CBG supports India’s decarbonisation efforts while improving energy security.
  • Mainak Chakraborty highlighted the need for domestic fuel alternatives.
  • Parag Parikh stated focus is shifting towards scaling up biogas infrastructure.
  • This transaction is one of the first in private credit for CBG.

About the business

  • GPS Renewables has capabilities in technology, engineering, procurement and construction.
  • The company employs around 800 people globally.
  • It is developing biogas projects with a capital outlay approaching $1 billion.
  • Projects include a municipal solid waste-based plant in Indore.
  • A facility in Barabanki is described as the fastest executed of its kind.
  • A planned large-scale complex is located in Kakinada.
  • There are more than 30 operational or near-complete projects.
  • The pipeline includes over 200 compressed biogas developments with oil marketing companies.
  • GPS Renewables has joint ventures with Indian Oil Corporation and Bharat Petroleum.

What happens next

  • Building a nationwide network of CBG plants.

Investors

  • Alternates by Axis AMC (lead) — Axis AMC's structured credit arm.

Founders

  • Mainak Chakraborty, CEO and co-founder
  • Parag Parikh, CEO of GPS Renewables Arya

About Zetwerk

Product
B2B manufacturing startup
Customers
Manufacturers and enterprise buyers needing outsourced production
How it makes money
B2B contract manufacturing and manufacturing services fees
What sets it apart
Full-stack manufacturing platform across multiple sectors and geographies
Operations
Caters to industrial components, electronics, renewable energy equipment and consumer hardware

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