Funding · Professional & Local Services
Zetwerk featured in GPS Renewables funding news
By Startup Enthusiast ·
- Date
- Company
- Zetwerk
- What it does
- Manufacturing supply chain platform
- Kind
- Funding
- Amount
- Undisclosed
- Founded
- 2018
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
More on Zetwerk
- Zetwerk files IPO papers with Sebi14 August 2026 · IPO · ₹2,600 crore
- Zetwerk raises ₹500 Cr in pre-IPO funding from Bharat Value Fund27 July 2026 · Funding · ₹500 Cr
- Zetwerk files for $450 million ipo listing11 July 2026 · IPO · $450 Mn
- Zetwerk estimates FY26 revenue at Rs 15,900 crore15 June 2026 · Results
- Zetwerk files $450 million IPO papers15 June 2026 · IPO
- Zetwerk files confidentially for ₹4,200 crore IPO30 March 2026 · IPO · ₹4,200 crore
- Zetwerk opens new Bengaluru plant to employ 1,200 professionals9 February 2026 · Launch
- Zetwerk reports FY25 revenue decline with narrowed losses12 January 2026 · Results
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