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Apraava Energy gets $92M to install 2M smart meters in India, boosting grid efficiency and clean energy goals.
Apraava Energy has secured $92 million in financing from British International Investment and Standard Chartered to expand its smart meter rollout across India, supporting the installation of about 2 million meters.
The funds will enhance grid efficiency, reduce power losses, and support India’s energy transition goals under the ₹3 lakh crore Revamped Distribution Sector Scheme.
The investment, equivalent to ₹800.9 crore, reflects growing international confidence in India’s clean energy infrastructure and aims to improve power reliability and renewable integration.
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Apraava Energy obtiene 92 millones de dólares para instalar 2 millones de contadores inteligentes en India, aumentando la eficiencia de la red y los objetivos de energía limpia.