PRESPL raises Rs 360 million equity from Shell

Punjab Renewable Energy Systems Private Limited (PRESPL), an Indian biomass-based energy company, has raised private equity investment of over Rs 360 million from Shell. With this investment, PRESPL has closed its Series-B round of funding. Intellecap served as the exclusive investment banker for this investment. Earlier in April 2019, PRESPL had received investment from Neev Fund and way back in September 2013 from responsAbility.

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