Prozeal Infra Raises $4M in Series A Funding – EQ Mag
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Prozeal Infra Engineering, an Ahmedabad, India-based solar EPC company, raised $4M in Series A funding.
The round was led by Chandrakant Gogri’s family office arm – Alchemie Ventures.
The company intends to use the funds to scale operations and execute developer-model projects for energy and utility companies.
Co-founded by Manan Thakkar and Shobit Rai, Prozel Infra Engineering is a solar EPC company, which started in 2013 with a focus on the commercial & industrial segments, and gradually expanded to larger contracts catering towards the utilities segment.
Today they have an installed capacity of 1 GW across multiple projects having executed projects for 200+ companies, including clients such as Ashok Leyland, Pidilite Industries, Mahindra CIE, Indian Oil, Hinduja Renewables, JSW, and GHCL.
Source: PTI
