Auro Mira Energy Company Private Limited (AME), an Chennai, India-based clean energy company, has raised $21m in a second round of funding.
Investors include Aureos South Asia Fund, the International Finance Corporation (IFC), and ePlanet Ventures II, LP, which committed $4.8m.
Founded in 2005, Auro Mira currently operates two sites in India generating renewable energy using biomass for sale to corporates across the country.
The company has commenced four new renewable energy projects in the hydro and biomass sector to reach 100 MW generation capacity by 2012.
It currently has two operating biomass projects of 7.5 MW and 10 MW in size.
The investment will enable Auro Mira to complete these projects as well as acquire land and licences for further new projects.