GPS Renewables
Deploying cutting-edge biogas technologies to solve the organic waste management challenge and accelerate the substitution of fossil fuel with bio-energy.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $50.0m | Debt | |
| Total Funding | 000k | ||
GPS Renewables Private Limited operates as a comprehensive biofuels company, providing end-to-end services from technology development and engineering, procurement, and construction (EPC) to project development in the bio-compressed natural gas (BioCNG), ethanol, and green hydrogen sectors. The firm was founded in 2012 by Mainak Chakraborty and Sreekrishna Sankar, both alumni of the Indian Institute of Management Bangalore. Their journey began with an ambition to address the escalating waste management problem, which led them to explore various concepts in the climate space before concentrating on converting organic waste into energy.
The company's business model encompasses three main verticals: Technology Delivery, offering bespoke bio-process design and biofuel engineering; Project Execution, managing large-scale bioenergy projects from design to procurement for major clients; and Biofuel Asset Ownership, developing industrial-scale decarbonization projects through its climate infrastructure platform, ARYA. Revenue is generated through these turnkey solutions and project development. A significant milestone was the commissioning of Asia's largest BioCNG plant in Indore, which processes 550 tonnes of organic waste into 17 tonnes of CBG daily. The company has also established joint ventures with major oil marketing companies like Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation Limited (BPCL) to develop large-scale CBG plants across India.
GPS Renewables' initial product was the 'BioUrja', a modular biogas plant designed for urban establishments like hotels and corporate offices to process their organic waste on-site. Over time, the company has expanded its technological portfolio to include solutions for converting diverse feedstocks such as municipal solid waste and agricultural residue into clean fuels, utilizing technologies like its patented "Thermophilic Anaerobic Digestion". Another proprietary product is the 'BiogasBot', an AI-driven platform for remote predictive management of bioprocesses. Serving a range of clients from commercial entities to large industrial players and municipalities, the company has established over 100 biogas plants. The firm's financial backing comes from notable investors including SBICap Ventures (Neev Fund), Hivos-Triodos Fund, and Caspian Impact Investments. The company has secured significant funding, including a $50 million debt financing round in April 2024 to expand its biogas plant construction across India.
Keywords: biofuels, bioCNG, renewable natural gas, waste-to-energy, ethanol, green hydrogen, organic waste management, EPC, project development, cleantech, anaerobic digestion, biogas plants, circular economy, sustainable fuels, decarbonization, project finance, climate infrastructure, India, Mainak Chakraborty, Sreekrishna Sankar