Kohli Ventures has announced investment in a renewable energy company called Zynergy.
The multi-million dollar consideration is undisclosed.
Zynergy is a Singapore headquartered group offering end-to-end solar solutions; it currently operates across the emerging markets with a particular focus on India and has participated in various public-private partnership (PPP) initiatives and has within its portfolio solar energy generation plants with power purchase agreements in place.
Furthermore, Zynergy has executed large distributed generation projects in India and has strong commercial ties with a number of African states to build Solar energy projects catering to the growing demand in the region.
Zynergy also has an engineering team offering Engineering, Procurement and Construction (EPC) turnkey solutions and an R&DÂ division specializing in creating innovative and affordable energy solutions.
Company officials say Zynergy ‘s intellectual property has the ability to disrupt prohibitive cost barriers and democratize solar energy by making the products more affordable to the mass market.
Zynergy has a broad portfolio of renewable energy products including solar water pumps, water filtration, and refrigeration equipment, which the company claims are offered at cheaper rates.
The Company has targeted a revenue stream in excess of $40m by 2017.
Kohli Ventures provides smart capital – financial and intellectual capital, guidance and connections; the Group takes an equity stake and representation on a company’s board.
Edited by Rajani Baburajan