# Punjab Renewable Energy Systems Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/punjab-renewable-energy-systems-pvt

- Industry: Renewable Energy
- Headquarters: Mumbai, India
- Website: www.prespl.com
- Total disclosed funding: $1.9M
- Latest round: Series A (Sep 16, 2013)
- Investors on record: 1

## About

Punjab Renewable Energy Systems Pvt. Ltd. is a company focused on biomass supply chain management and bio-energy solutions. They provide sustainable energy products and services primarily in India, addressing the growing demand for eco-friendly energy alternatives.Founded in 2011 and headquartered in Mumbai, India, Punjab Renewable Energy Systems Pvt. Ltd. specializes in bio-energy solutions. The company has executed a total of 4 deals, with the most recent funding round occurring on August 31, 2021. They raised INR 300 million from Mitsui & Co. The founder, Monish Ahuja, has a history of engaging in renewable energy initiatives, contributing to the company's growth. The total amount raised by the company since its inception is INR 300 million, and their current valuation stands at approximately INR 2807.53 million.PRESPL specializes in biomass supply chain management and bio-energy solutions. The company’s core offerings encompass the production and supply of raw biomass, biomass briquettes, and pellets, as well as the operation and maintenance of industrial boilers and compressed bio-gas plants. Their services are designed to create eco-friendly energy solutions, serving a diverse client base in India and internationally, while promoting the use of agricultural residues and reducing waste.In the most recent fiscal year of 2023, PRESPL generated revenue amounting to INR 14,593,724.20, with an EBITDA of INR -2,105,009.90. The company earns revenue through B2B partnerships, direct sales of biomass products, and operation contracts for biomass plants, creating a reliable revenue stream through various service agreements.Following their recent funding round in August 2021, where they raised INR 300 million, PRESPL aims to utilize this investment to enhance their energy solutions that leverage agricultural residues. They plan to capitalize on synergies with Mitsui's extensive business assets to facilitate the expansion of their biofuel business both within India and on a global scale.

## Funding rounds

- Series A, Sep 16, 2013, $1.9M — responsAbility

## Investors

- responsAbility (https://capitalatlas.ai/funds/responsability) — Series A