Solar EPC Firm Rays Power Infra Raises $28.5 Mn from DMI Finance
Jaipur headquartered solar power developer and EPC (Engineering, Procurement, and Construction) player, Rays Power Infra, has closed first round of Rs 200-crore (~ US$28.514 million) in mix of debt and equity funding from DMI Finance (DMI), a New Delhi-based Non-Bank Finance Company. The Solar startup would use;
- Jaipur headquartered solar power developer and EPC (Engineering, Procurement, and Construction) player, Rays Power Infra, has closed first round of Rs 200-crore (~ US$28.514 million) in mix of debt and equity funding from DMI Finance (DMI), a New Delhi-based Non-Bank Finance Company.
- Founded in 2011, Rays Power Infra is one of the Largest solar developer and EPC management company.
- The company said that it is pursuing opportunities in distributed generation, rooftop solar assets and entering the retail sector with e-mobility solar solutions targeting retail consumers.
- In August this year, Hyderabad based Cygni Energy Private Limited, an innovative Solar-DC solutions startup had raised funds of $ 6.4 Million in a combination of Equity and Debt.