Cygni Energy Private Limited, a Hyderabad, India-based green technology startup, raised $6.4M in equity and debt funding.
The equity funding was led by Endiya Partners while debt was provided by IndusInd Bank.
The company intends to use the funds to expand capacity, strengthen R&D capabilities and increase its market reach.
Led by Venkat Rajaraman, CEO, and Mr. Paramjit Singh, Chief Operating Officer, Cygni provides a wide range of solar solutions plans to utilize the capital for business evolution and capacity enhancement and manufactures efficient solar controllers.
Today, the company has deployed its products in more than 20,000 homes across India.
FinSMEs
22/08/2018