Bengaluru-based GPS Renewables (GPSR), a cleantech company focused on bioenergy and compressed biogas (CBG) infrastructure, has raised Rs 635 Cr (approximately $66.3M) in a Series C round, as publicly reported on June 8, 2026. The round is led by PixelSky Capital, which contributed Rs 125 Cr via a fresh equity tranche. The total figure aggregates multiple tranches across the company and its asset platform, GPSR Arya, reflecting a complex but substantial capital raise.
Quick Highlights
- Founders: Mainak Chakraborty, Sreekrishna Sankar, Praveen Sukumaran
- Lead Investor: PixelSky Capital (Rs 125 Cr equity tranche)
- Participating Investors: Spectrum Impact Family Office; a leading Korean conglomerate (Rs 200 Cr into the GPSR Arya asset platform); Sojitz Corporation (Rs 310 Cr prior tranche now counted in the total)
- Investor Background: Sojitz Corporation is a diversified Japanese trading conglomerate with active energy-sector interests
- Headquarters: Bengaluru, Karnataka, India
- Announcement Date: June 8, 2026
Funding Breakdown
Use of Funds
The capital will be deployed to scale GPSR’s compressed biogas infrastructure portfolio, finance ongoing and upcoming CBG projects through the GPSR Arya asset holdco, and leverage the company’s EPC business. The raise is also intended to strengthen the overall balance sheet as GPSR pursues an expanding pipeline of large-scale projects.
Funding Timeline
The Series C total of Rs 635 Cr is structured across three distinct tranches: Rs 125 Cr in fresh equity led by PixelSky Capital; Rs 200 Cr in equity raised by the GPSR Arya asset platform from a Korean conglomerate; and Rs 310 Cr from Sojitz Corporation in an earlier tranche that is now consolidated into the reported round total. It should be noted that some publicly available reports cite only the fresh equity leg of Rs 125–200 Cr, and the full Rs 635 Cr figure could not be independently confirmed — this detail remains as publicly reported.
Expansion Plans
GPSR plans to accelerate the rollout of large-scale CBG projects across India, using the GPSR Arya platform as the vehicle for asset ownership and expansion. Beyond biogas, the company is building capacity in Sustainable Aviation Fuel (SAF), underpinned by an EPC contract awarded by NTPC — a significant step into an emerging and strategically important clean-fuel vertical. The GPSR Arya asset platform is expected to grow in scope as additional projects are funded through the newly raised capital.
Significance
As publicly reported, this raise is the largest cleantech and bioenergy fundraise in India in 2026, underlining GPSR’s position as the dominant institutional-grade player in the country’s renewable natural gas sector. The company’s reported FY26 revenue of approximately Rs 1,000 Cr and an order book exceeding Rs 4,000 Cr signal that it has moved well beyond early-stage validation into a scaled, commercially active operation. The participation of a Japanese trading conglomerate and a Korean industrial group alongside domestic family offices reflects deepening cross-border institutional confidence in India’s CBG sector — a market increasingly central to India’s energy transition and agricultural waste management goals. The GPSR Arya asset platform structure, separating project ownership from the EPC business, also suggests a maturing capital strategy designed to attract infrastructure-class investors.
The details above have been compiled from multiple publicly available reports as of June 8, 2026. However, the full round structure — including the consolidation of earlier tranches into the Rs 635 Cr total — reflects conflicting information across sources and could not be independently confirmed in its entirety; figures are presented as publicly reported.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
