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From pv journal India
Jupiter International, an Indian photo voltaic cell producer, mentioned it has secured an funding of round $36 million, led by ValueQuest SCALE PE fund.
The funding will drive Jupiter International’s enlargement of photo voltaic cell capability and launch of module manufacturing operations. This contains putting in a 1.8 GW photo voltaic cell facility and partnering with AmpIn Energy on built-in photo voltaic cell and module capability.
Jupiter International is predicated in Kolkata and has an 800 MW photo voltaic cell manufacturing unit in Baddi, Himachal Pradesh.
“This spherical of funding strengthens our capabilities to attain our income and profitability targets,” mentioned Alok Garodia, managing director of Jupiter International. “As India emerges as a key participant in photo voltaic cell manufacturing, Jupiter is properly positioned to satisfy growing home and worldwide demand.”
Aum Capital suggested Jupiter International on the transaction. The Kolkata-based firm already operates an 800 MW photo voltaic cell manufacturing unit in Baddi, Himachal Pradesh.
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