GPS Renewables Secures Series C Funding
Bengaluru-based GPS Renewables, a company specializing in biofuels, has successfully raised $6.35 million in a Series C funding round dated June 8, 2026. The round was led by PixelSky Capital, with additional participation from Spectrum Impact Family Office and Arya. This funding aims to bolster the company's efforts in expanding its compressed biogas project pipeline across India.
Strategic Investment for Biogas Expansion
The newly acquired funds are earmarked to support the development and execution of large-scale compressed biogas projects throughout the country. GPS Renewables plans to leverage this capital to enhance its financial standing and expedite the completion of both ongoing and upcoming projects. The company is currently involved in more than 30 operational or near-complete projects, with the potential to develop over 200 additional projects in collaboration with oil marketing companies.
Lead Investor: PixelSky Capital
PixelSky Capital led this funding round, showing significant confidence in GPS Renewables' business model and growth prospects. The involvement of other investors like Spectrum Impact Family Office and Arya further underscores the strong backing GPS Renewables has garnered in the renewable energy sector.
Use of Funds
The funds will be strategically allocated to accelerate the company's project pipeline. Specifically, GPS Renewables intends to invest in GPSR Arya, its project development platform, to enhance its infrastructure capabilities. This includes ongoing projects like the municipal solid waste-based compressed biogas plant in Indore and the plant in Barabanki, as well as an upcoming biogas complex in Kakinada.
Future Prospects
With this new infusion of capital, GPS Renewables is well-positioned to continue its trajectory of growth within India's renewable energy landscape. The company is also working alongside major oil corporations like Indian Oil Corporation and Bharat Petroleum Corporation to further develop its biogas infrastructure.
This funding round marks a significant step for GPS Renewables as it continues to expand its footprint in the renewable energy sector, reinforcing its commitment to sustainable energy solutions.