Ratan Tata invests in power distribution startup Repos Energy once more
Repos Energy has secured Rs 56 crore from Ratan Tata, and other investors. Ratan Tata is investing in the power distribution startup for the second time. Repos Energy, a Pune-based energy distribution company, announced on Wednesday that it had secured Rs 56 crore ($7.2 million) in funding from Ratan Tata, chairman Emeritus, and other investors. As part of the pre-series, the new capital According to the firm, the investment round involves a mix of equity and debt. Repos wants to utilize the capital to grow its product range, enter other areas in the nation, and develop its personnel. The new funds will also allow the firm to invest in cutting-edge technologies like as IoT (Internet of Things), AI (Artificial Intelligence), and blockchain in order to make the energy distribution system completely frictionless in the future, according to the company. This will also assist the firm in refueling the energy distribution industry for a "carbon-light" tomorrow, as it...