Avaada is derived from 'Ayurveda' which means 'Science of life, and 'Vaada,' which implies a promise. True to its name, Avaada is engaged in actions aimed at crafting a sustainable future. At Avaada, we firmly believe that the present generation has a non-negotiable responsibility for preserving and nurturing the environment than ever before. It is even more critical as the actions we take today will determine the fate of human life on earth. Following the above, we chose to be in the generation of clean energy. With inception in 2017, we have grown rapidly. We are one of India's leading renewable energy IPPs, with an operational capacity exceeding 3 GW and an under execution capacity of 2 GW is under an advanced stage of construction. Avaada is guided by a very experienced team under leadership of Mr. Vineet Mittal, a Harvard alumnus and one of the pioneers of renewable energy in India. Meeting infrastructural and quality standards, the group targets an extensive portfolio of 30 GW of renewable energy projects across by 2030. Avaada has an equity partner in the form of PTT Group, Thailand, a fortune 500 company and one of the world's most prominent oil and gas players. Avaada is one of the very few players with in-depth expertise in Engineering, Procurement & Construction (EPC) capabilities. Our track record lends credence to our path-breaking solar solutions regarding technology, capacity, quality, execution speed, and total cost of ownership. Our emphasis on systems and processes runs strong. It enables us to improve our project delivery capabilities consistently. At Avaada, we adopt the most modern, reliable technologies and execute every project in sync with our social inclusion initiatives. Our renewable energy projects have been accredited and certified by international organizations.
Location: India, Maharashtra, Mumbai
Employees: 501-1000
Total raised: $1.07B
Founded date: 2009
Funding Rounds 1
Date | Series | Amount | Investors |
27.04.2023 | - | $1.07B | - |
Mentions in press and media 8
Date | Title | Description | Source |
18.04.2024 | Avaada Group to Participate at the 26th World Energy Congres... | MUMBAI, MAHARASHTRA, INDIA, April 18, 2024 /EINPresswire.com/ -- Avaada Group, a leading player in g... | einpresswi... |
09.02.2024 | Avaada Energy Secures over 1400 MWp in Solar Project Wins ac... | MUMBAI, India, Feb. 9, 2024 /PRNewswire/ -- Avaada Energy, a key entity in the Avaada Group's renewa... | en.prnasia... |
12.01.2024 | Avaada Group to Develop 6 GW Hybrid Wind-Solar Projects in G... | MUMBAI, India, Jan. 12, 2024 /PRNewswire/ -- Avaada Group, India's prominent integrated energy platf... | en.prnasia... |
08.09.2023 | AVAADA Group Joins Hands with Tata Steel SEZ Ltd for a Landm... | NEW DELHI, Sept. 8, 2023 /PRNewswire/ -- AVAADA Group (www.avaada.com), a frontrunner in India's int... | en.prnasia... |
27.04.2023 | Avaada Group raises US $1 billion funding for manufacturing ... | This is part of its US$ 1.3 bn fund raise plan MUMBAI, India, April 27, 2023 /PRNewswire/ -- Avaada ... | en.prnasia... |
26.04.2023 | Avaada Group raises US $1 billion funding for manufacturing ... | This is part of its US$ 1.3 bn fund raise plan MUMBAI, India, April 26, 2023 /CNW/ -- Avaada Group t... | einpresswi... |
26.04.2023 | Avaada Group Raises US $1.07 Billion Funding | Avaada Group, a Mumbai, India-based provider of an integrated energy platform, raised US$1.07 Billio... | finsmes.co... |
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