Chennai Angels backs Fourth Partner Energy

The (TCA) last week announced an investment in Fourth Partner Energy, a Hyderabad-based company focused on distributed solar power. This round of investment was led by investor members, Shankar V,and Narayanan R. The details were not disclosed.

was founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti. The company has completed 300 solar installations across the country and provides end-to-end solutions including design, turnkey execution, servicing and financial structuring of captive solar assets.

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Chennai Angels invests Rs 3 crore in Fourth Partner Energy

NEW DELHI: The Chennai Angels today said it has invested Rs 3 crore in Fourth Partner Energy (4PEL), a Hyderabad based company focussed on distributed solar power.

This round of funding will help 4PEL enhance its capabilities, a release said.

Fourth Partner Energy was founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti. The company has completed over 300 solar installations across the country with marquee public and private sector companies.

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Solar power products firm Fourth Partner Energy raises funding from Chennai Angels

The Chennai Angels (TCA), a network of private angel investors, has invested an undisclosed amount in Hyderabad-based solar power products firm Fourth Partner Energy Pvt Ltd, according to a press release.

The investment round was led by TCA investor members, Shankar V, Kayar Raghavan and Narayanan R.

Founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti, Fourth Partner Energy has completed over 300 solar installations across the country with marquee public and private sector companies. While Subramanian and Saluguti are alumni of Insead (France), Dhorajiwala graduated from IIM-Calcutta.

The company builds, develops and manages a portfolio of de-centralized solar power assets in India by positioning itself as full-services RESCO (Renewable Energy Services Company).

 

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