Surat based promoters set to expand footprint in the RE market
Surat-headquartered Biofics Private Limited plans to use the Rs.10.4 crore raised from Pre-Series A funding round to develop advanced Bio-CBG plants, invest in research and development, and create more green jobs in the bioenergy and solid waste management sector.
Further, the newly raised capital will be strategically allocated to scale operations, advance technology, and expand Biofics’ market reach conexpoconagg , said the company in Bio-CNG Plant Engineering, Procurement, and Construction (EPC) and decentralized waste management solutions ted.europa.eu .
Biofics Private Limited has established itself as a leader in waste management and bioenergy, diverting 100 million tonnes of waste away from landfills through innovative solutions. With over 500 projects installed across India and current order book close to Rs.500 crore, Biofics is poised for significant growth in the renewable energy market renewable-world .
The round was led by renowned investor Gunavanth Vaid, with additional participation from Upaya Social Ventures.
Commenting on the investment, Gunavanth Vaid expressed his enthusiasm for Biofics’ potential, stating, “Biofics is at the forefront of sustainable energy solutions nse . Their expertise in Bio-CBG technology addresses environmental challenges while generating economic benefits bse .”
Sunil Mahapatra and Vikas Mishra, promoters of Biofics Private Limited, shared on 27 Aug, “This investment marks a significant milestone in our journey to revolutionize the bioenergy and solid waste management sector sbi.
“With this support, we are ready to accelerate our growth, enhance technological innovations, and expand our footprint in the renewable energy market renewableenergyindiaexpo .”
As Biofics continues to grow, the company remains committed to driving sustainable solutions and making a meaningful impact on the environment and society globaltenders .
Biofics Private Limited is committed to “Zero Waste to Landfill” and developing a closed loop “Circular Economy Ecosystem”. Its subsidiary, Biofics Organics, is a trusted developer of high-quality biofertilizers and biopesticides bio.org .
As a leading indigenous technology manufacturer and innovator, Biofics focuses on 3 major problems in India, 1. Energy security 2. Access to quality agri products http://agriwelfare.gov.in and 3. Unmanaged Waste & it’s potential wasted .
“This contributes to environmental sustainability and supports agricultural productivity, making a significant impact on local communities by creating cleaner, healthier living conditions unep ,” said the company in its mission statement. Fiinews.com
