Solar EPC company Prozeal Infra has secured its first round of funding worth $4 million led by Chandrakant Gogri’s family office arm – Alchemie Ventures. The investment is for a minority stake at an undisclosed valuation.
The proceeds will be deployed to scale operations and execute developer-model projects for energy and utility companies, Prozeal Infra said in a press release.
Co-founded in 2013 by Manan Thakkar and Shobit Rai, Prozeal Infra focuses on the commercial & industrial segments, and catering towards the utilities segment. The company aims to have a positive impact on the world by creating sustainable and pro-environment energy solutions for future generations.
Prozeal Infra offers services include – delivery of end-to-end turnkey projects in the areas of solar EPC, EV charging e-mobility and innovative projects such as floating solar, battery storage and hydrogen power. Prozeal Infra has a vision to be a decarbonization and net-zero solution company for commercial and industrial MNCs, MSMEs and government institutions supporting India’s sustainable energy goals.
The Ahmedabad based company claims to have installed capacity of 1GW across multiple projects and have executed projects for more than 200 companies, including clients such as Ashok Leyland, Pidilite Industries, Mahindra CIE, Indian Oil, Hinduja Renewables, JSW, GHCL, et al. It also claims to have an order book worth Rs 1,000 crore that will be fulfilled over the next twelve months. In FY25, they expect to exceed Rs 1,500 crore in revenue.
Prozeal Infra competes with the likes of Sterling and Wilson, Loom Solar, Sunsure Energy, Tata Power Solar, Fourth Partner energy among others.