India, June 8 -- Cleantech startup GPS Renewables has raised Rs.635 Cr (about $66.4 Mn) in its Series C funding round led by Sojitz Corporation, with participation from PixelSky Capital, the Spectrum Impact Family office, and an undisclosed Korean conglomerate.

While Sojitz Corporation infused Rs.310 Cr, PixelSky Capital invested Rs.125 Cr in the startup. The rest of the amount came from the undisclosed Korean conglomerate.

The startup plans to deploy the capital to accelerate the execution of a growing pipeline of large-scale compressed biogas (CBG) projects across India. A significant portion of capital will move to GPSR Arya - the startup's project development platform.

Founded in 2012 by Mainak Chakraborty and Sreekrishna Sankar, G...