Power equipment startup Ayr Energy in talks to raise $25-30 million: sources

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US-based power equipment manufacturer Ayr Energy is in discussions to raise $25-30 million from New York-headquartered fund Energy Impact Partners, people aware of the negotiations told ET.

A deal with the investor would give the startup a valuation of around $200 million, they said.

The Silicon Valley-based company was founded by former Zetwerk and Ather Energy executive Anirudh Reddy and former McKinsey consultants Rahul Arora and Yash Takallapalli.

Energy Impact Partners is a $4.5-billion investment fund that backs companies in the energy and…



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Power equipment startup Ayr Energy in talks to raise $25-30 million: sources



US-based power equipment manufacturer Ayr Energy is in discussions to raise $25-30 million from New York-headquartered fund Energy Impact Partners, people aware of the negotiations told ET.

A deal with the investor would give the startup a valuation of around $200 million, they said.

The Silicon Valley-based company was founded by former Zetwerk and Ather Energy executive Anirudh Reddy and former McKinsey consultants Rahul Arora and Yash Takallapalli.

Energy Impact Partners is a $4.5-billion investment fund that backs companies in the energy and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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