Fourth Partner Energy, focused on Distributed Solar Power has raised almost USD 2 million in the next round of Series-A funding.
Infuse Ventures led this round of investment which also saw a commitment from Fourth Partner’s existing investors – The Chennai Angels (TCA). The company also received a significant commitment under the Seed Capital Assistance Facility (SCAF) implemented through the United Nations Environment Program and the Asian Development Bank.
Founded in 2010, Fourth Partner Energy (4PEL) has built end-to-end capability including financial structuring, design, turnkey execution, servicing of captive solar assets.
With almost 400 solar installations across India at marquee public and private sector companies, 4PEL offers its industrial and commercial customers the flexibility of choosing a financing model best suited to their needs and allows them to leverage solar energy to reduce their power costs.
The additional round of funding will enable Fourth Partner Energy to extend more financing options to their clients.