Azure Power, a New Delhi-based solar Independent Power Producer (IPP), closed ist Series A funding from Helion Venture Partners and Foundation Capital.
The funds will be used to expand Azure Power’s operations in India.
In connection with the financing, Mr. Sanjeev Aggarwal, Managing Director at Helion Advisors Pvt. Ltd. and Mr. Ashmeet Sidana, General Partner at Foundation Capital, will join the board of the company.
Azure Power provides its commercial, government and utility customers with clean and affordable solar energy. The company delivers its services by assuming all responsibilities and complexities for owning, building, and operating the power-generation.