Freyr Energy to raise funds for fuel expansion

Hyderabad-based startup Freyr Energy is planning to raise funds to fuel its expansion and next phase of growth covering opex model projects.

The Hyderabad-based start up has grown rapidly over the past two years by raising about Rs 10 crore so far and is now looking at raising up to $ 2-3 million, said a report in BusinessLine.

With a strong order book, it expects to close this year with revenues of Rs. 80 crore.

Founded by Saurabh Marda, Managing Director, and Radhika Choudary, Director, the company has completed more than 750 rooftop installations across 10 States engaging 80 plus channel partners.

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Research Desk

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Madhya Pradesh to raise Rs 14,485 crore for Metro Rail


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