New Delhi, Oct. 29 -- Navitas Solar on Friday announced that the company has received $20 million, or around Rs.190 crore, from a Switzerland-based responsAbility. The fund is intended for the growth plans of the company. The investment is a part of responsAbility's Asia Climate Fund.

According to Navitas, the Asia Climate Fund focuses on scalable private-sector solutions that deliver measurable carbon dioxide reductions while also creating positive societal impact in high-growth markets.

The Fund provides private credit to companies operating in renewable energy, electric mobility, energy efficiency and other climate-related infrastructure and business models. It also offers institutional investors exposure to sectors driven by rising ...