Repos Energy, a no-carbon energy distribution startup in India has raised $7.2 million in its pre-series A funding round from Ratan Tata and other investors.
- The new investment is received as integration of debt and equity funding, it claims.
- The funds will be used to build out its product line, enter into new markets in the country, and invest in AI, IoT, and blockchain for efficient energy distribution.
- Repos Energy is adding ethanol, methanol, and biofuels to its renewable energies mobile distribution.
- It targets making carbon-free energy available to users via e-commerce channels, going forward.