Swiss climate investor responsAbility commits up to ₹190 cr to Surat-based Navitas Solar

Swiss climate investor responsAbility commits up to ₹190 cr to Surat-based Navitas Solar

Swiss impact asset manager responsAbility has committed growth capital of up to $20 million (about ₹190 crore) to Navitas Solar to support its entry into solar cell manufacturing, including a planned 2.2 GW facility involving an investment of ₹1,000 crore.

Navitas secures up to $20 million from responsAbility to support solar cell manufacturing expansion

Navitas Solar has secured growth capital of up to $20 million from Swiss impact asset manager responsAbility to support the first 2.4 GW phase of its total planned cell capacity.

Navitas Secures USD 20 Million Funding For 2.2 GW Solar Cell Manufacturing Facility

Navitas has secured up to USD 20 million from Swiss firm responsAbility to expand into solar cell manufacturing in India. This funding will support a 2.2 GW facility, enhancing its integrated renewable energy business. The move aligns with India's push for domestic solar manufacturing and aims to strengthen the company's competitive position in the market.