# Navitas Alpha Renewables Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/navitas-alpha-renewables-private

- Industry: Materials
- Headquarters: India
- Website: www.navitasalpha.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Sep 14, 2022)
- Investors on record: 2

## About

Founded in 2019 and based in Gujarat, India, Navitas Alpha Renewables Private Limited, a subsidiary of Navitas Solar and is a joint venture between Navitas Green Solutions Private Limited (Navitas Solar) and Alpha Plastomers Private Limited (Alpha Group). The firm operates as a designer, manufacturer, and supplier of components used in the making of solar panels. In September 2022, Navitas Alpha Renewables Private Limited raised INR 70 million of seed funding from new investors Action Tesa Group and Ivy Growth Associates.

The firm manufactures an EVA encapsulant which is a PV encapsulant that protects and provides an embedding to the solar cells to ensure the longevity of the solar panels and increase their performance. 

The company intends to use the September 2022 funding to support its research and development. The company also intends to use part of the capital to ramp up its testing capabilities and improve its product's value proposition.

## Funding rounds

- Seed, Sep 14, 2022, $0.9M — IVY Growth Associates, Action Tesa Group

## Investors

- IVY Growth Associates (https://capitalatlas.ai/funds/ivy-growth-associates) — Seed
- Action Tesa Group — Seed