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Energy Tech Startup Greenjoules Raises $4.5 Mn From Blue Ashva Capital

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Image Credit: Inc42

Pune based green energy technology company Greenjoules Pvt. Ltd., has raised $4.5 Mn or INR 33 Cr in a combination of equity and debt from Blue Ashva Capital. The funds will be used to set up commercial scale waste to energy plants and invest into new R&D initiatives. Biodiesel technology has been around for some time but its dependency on food material is a barrier to its adoption.