AMPIN Energy Transition Valuation, Funding & Investors
AMPIN Energy Transition is valued at $2M as of September 2025.
Last AMPIN Energy Transition valuation
$2M
Strategic investment · Sep 2025
Last AMPIN Energy Transition funding round
$500K
Strategic investment · Sep 2025
Cumulative funding AMPIN Energy Transition raised
$436M
across 7 funding rounds
Key investors in AMPIN Energy Transition
SMBC Venture Capital
Siemens
Sumitomo Mitsui Trust Bank
Intermediate Capital Group
CBRE
LGT Capital Partners
About AMPIN Energy Transition
AMPIN Energy Transition is a New Delhi-headquartered renewable energy company overseeing a portfolio exceeding 5 GWp across 22 states in India. It delivers clean power solutions to over 100 customers spanning pharmaceuticals, automotive, data centers, FMCG, cement, infrastructure, education, heavy industry, and government sectors. Notable clients include Skoda Auto Volkswagen India, Cipla, Bharti Airtel, Britannia, AB InBev, Tata Hitachi, Orient Cement, L&T Metro Rail, and Hewlett Packard Enterprise. With regional offices in Mumbai, Bangalore, and Kolkata, AMPIN specializes in solar, wind, hybrid projects, storage, and energy management. The company extends into energy trading, solar cell and module manufacturing, green hydrogen production, and energy storage to support customer transitions to 100 percent renewable energy.
Founded
2016
HQ
New DelhiWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Usage-based
Valuation
$2M (Sep 2025)
AMPIN Energy Transition Valuation
AMPIN Energy Transition is currently valued at $2M, based on its strategic investment round in September 2025.
The $500K round was led by JK Lakshmi Cement.
AMPIN Energy Transition valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Strategic investment | $2M |
AMPIN Energy Transition Funding History
AMPIN Energy Transition has raised a total of $436M across 7 funding rounds.
AMPIN Energy Transition's first fundraising round was a $25M undisclosed-stage round in June 2016. The most recent completed round was a $500K strategic investment round in September 2025.
AMPIN Energy Transition funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Strategic investment | JK Lakshmi Cement (lead) | $500K | $2M | - |
| Mar 2025 | Undisclosed stage | Siemens (lead) | $50M | - | AMPIN Energy Transition, India's leading renewable energy transition company headquartered in New Delhi, secured a $50 million equity investment from Siemens Financial Services, the financing arm of Siemens AG, around March 26-28, 2025. This funding will support growth in commercial & industrial (C&I) and utility-scale renewable energy projects, as well as its energy transition value chain business. The company operates a balanced portfolio of solar, wind, and storage assets providing green power to utility and C&I customers across 22 states, with a total portfolio of 5 GW. This transaction marks AMPIN's third major investment in the financial year 2024-25, bringing total equity capital raised that year to $270 million and cumulative equity capital to nearly $700 million, enabling capital deployment exceeding $4 billion in renewable projects. The investment also brings strategic benefits from Siemens' expertise in energy technology, facilitating access to advanced solutions and global best practices. Avendus Capital advised AMPIN on the fundraise. AMPIN has attracted leading institutional investors from Europe, North America, and Asia. Prior 2024 deals include up to $35 million from responsAbility for clean energy expansion, €25 million (~$26.9 million) from Oesterreichische Entwicklungsbank for a 1 GW solar cell and module facility in Odisha, and a partnership with Copenhagen Infrastructure Partners for 2 GW projects with $300 million joint investment. |
| May 2023 | Undisclosed stage | Asian Infrastructure Investment Bank (lead); Intermediate Capital Group (lead); Sumitomo Mitsui Trust Bank (lead) | $125M | - | AMPIN Energy Transition is India’s leading renewable energy transition company, offering a portfolio of 5 GWp across 23 states with solar, wind, and storage assets to provide green power to utility and commercial & industrial customers in sectors like pharmaceuticals, automobiles, cement, steel, IT, and data centers. It enhances its offerings through energy trading, solar cell and module manufacturing, green hydrogen, and energy storage initiatives. The company is backed by institutional investors from Europe, Asia, and North America. In 2023, AMPIN (also referred to as Amp Energy India) secured investments of up to $250 million from Sumitomo Mitsui Banking Corporation, Intermediate Capital Group, and Asian Infrastructure Investment Bank, aligning with the specified round around May 2023. The investments support AMPIN's growth in renewable energy infrastructure. AMPIN has demonstrated project execution, including a partnership in July 2023 with JCAPCPL for a 2.8 MWp solar project and ongoing collaborations like the 2025 deal with Nxtra by Airtel for 125.65 MW solar-wind hybrid capacity, bringing their total renewable partnership over 200 MW. It won competitive auctions such as CESC's 150 MW wind-solar hybrid in May 2023 at Rs 3.07/kWh. The broader Indian renewable sector saw significant growth, with non-fossil capacity rising from 78 GW in FY2014-15 to 199 GW in FY2023-24, supported by auctions totaling 35.51 GW in FY2023-24. AMPIN operates in this competitive landscape alongside players like Amplus Solar and BluPine Energy, focusing on energy transition for net-zero goals. |
| Jul 2021 | Undisclosed stage | Copenhagen Infrastructure Partners (lead) | $150M | - | AMPIN Energy Transition is India's leading renewable energy transition company, focusing on renewable energy generation and energy transition enablers like energy trading, solar cell and module manufacturing, green hydrogen, and energy storage. It serves diverse sectors including pharmaceuticals, automobiles, cement, steel, and utilities, with a total portfolio of 4 GW across 21 states. In 2021, AMPIN partnered with Copenhagen Infrastructure Partners (CIP) for joint equity investments initially of USD ~200 million to develop ~1.7 GWp of renewable energy projects in India, later expanded by ~USD 100 million to ~2.4 GWp, creating a USD 1.2-1.5 billion renewable energy asset base. A new partnership announced in November 2024 involves an additional USD ~300 million in joint equity investments to add another ~2 GWp of projects, forming a combined USD 2.7-3 billion renewable energy asset base. These collaborations highlight CIP's role as the lead partner, with CIP being the world's largest dedicated fund manager in greenfield renewable energy investments. As of September 2023, AMPIN had received USD 85 million out of a USD 250 million committed line from partners including CIP (equity infusion from CIP increased from ~USD 18 million in June 2022 to ~USD 55 million by August 2023), with further infusions expected. The partnerships support AMPIN's expansion in operational and under-development capacities, including ~550 MWp in advanced stages for FY24 commissioning and long-term PPAs for revenue visibility. CARE Ratings notes positive factors like equity infusions and low module prices aiding construction. CIP's involvement aligns with its Energy Transition Fund activities. |
| Oct 2019 | Undisclosed stage | LGT Capital Partners (lead) | $50M | - | AMPIN Energy Transition, formerly Amp Energy India, is a renewable energy company focused on solar power projects, energy storage, and EV infrastructure for C&I and utility customers across India. In 2019, it closed its first platform-level capital raise from LGT Lightstone Aspada (associated with LGT Capital Partners), marking entry into a growth phase with portfolio expansion by 3X. LGT acquired a minority stake for $50 million, as part of broader institutional funding that later exceeded $500 million from investors including CIP, SMBC, CBRE Caledon, and others. The company, incorporated in 2016 as a private subsidiary of a foreign entity, commissioned its first distributed generation project for C&I customers in 2018 and utility projects thereafter. By 2020, it reached 1 GWp capacity and was awarded ~650 MWp in utility projects. Its portfolio grew to around 3 GWp by 2023, balanced between C&I (rooftop, open access, VPP for RTC renewables) and utility-scale solar-wind-storage, operating in 17 states. Subsequent developments include $100M from CIP in 2021, $250M from SMBC, ICG, and AIIB, rebranding to AMPIN Energy Transition as an independent India-based firm, reaching 5 GWp by 2024, partnerships like JPY 100 billion with Sumitomo, and $3Bn asset base expansion with CIP. In 2025, it secured $50M equity from Siemens Financial Services. Authorized share capital is INR 1,737 crore, paid-up INR 1,689.09 crore as of March 2024. |
| Jun 2017 | Undisclosed stage | SMBC Venture Capital (lead) | $35M | - | - |
| Jun 2016 | Undisclosed stage | CBRE | $25M | - | AMPIN Energy Transition, originally founded as Amp Energy India in 2016 by Pinaki Bhattacharyya with strategic incubation from Amp Energy, focuses on renewable energy transition in India, offering solar, wind, hybrid solutions, and energy management for commercial, industrial, and utility customers across sectors like pharmaceuticals, automobiles, and IT. In 2016, it secured its first asset-level investment commitment from CBRE Caledon, locked in target portfolio, and built its core team, marking the start of operations with commissioning of its first utility project in 2017 and further capital from Core India Infrastructure Fund. The company has since grown its portfolio to 5 GWp across 22 states, becoming independent from Amp Energy Group. Subsequent funding includes $100M from Copenhagen Infrastructure Partners in 2021, up to $250M from SMBC, ICG, and AIIB, and $50M from Siemens Financial Services in March 2025, bringing total equity to nearly $700M for over $4B capital deployment in C&I and utility-scale projects, energy trading, green hydrogen, and storage. CBRE is noted among past strategic investors alongside Lightrock India and CIP. Traction metrics show progression from 1 GWp in 2020 to 5 GWp by 2024, with ~3.8 GWp portfolio mentioned in recent funding, serving clients like Skoda Auto Volkswagen India, Cipla, and Hewlett Packard Enterprise. In FYE25, the group had about 1.5 GWp operational assets and acquired 97 MWp rooftop/C&I assets from CBRE. |
Who has invested in AMPIN Energy Transition?
9 investors have backed AMPIN Energy Transition across its funding rounds, including SMBC Venture Capital, Siemens, Sumitomo Mitsui Trust Bank, Intermediate Capital Group, CBRE and LGT Capital Partners.
Lead investors include JK Lakshmi Cement, Siemens, Asian Infrastructure Investment Bank, Intermediate Capital Group, Sumitomo Mitsui Trust Bank and 3 other investors.
AMPIN Energy Transition Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 1 | Lead | May 2023 | |
 Zurich | 1 | Lead | Oct 2019 | |
 Copenhagen | 1 | Lead | Jul 2021 | |
 Gurgaon | 1 | Participant | Jun 2016 | |
 Beijing | 1 | Lead | May 2023 | |
 Munich | 1 | Lead | Mar 2025 | |
| India | 1 | Lead | Sep 2025 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAMPIN Energy Transition Competitors
AMPIN Energy Transition competitors include listed companies like DWK Deutsche Wasserkraft and Robin Energy, and private ones like MTK Quantum, UnpluxEra, Circuitree Energy Independence and Nidhogg Energy.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} MTK Quantum | India, PA | Private | - | - | $2M |
| Berlin | Private | - | - | $2M | |
| Melbourne | Private | - | - | $2M | |
| Germany | Publicly listed | - | ($298K) | $2M | |
| Nidhogg Energy |  Sweden | Private | - | - | $2M |
 Cyprus | Publicly listed | $10M | $2M | $3M |
AMPIN Energy Transition Public Comps
AMPIN Energy Transition is still privately-owned, but its public comps include Fotovolt Eko Energia, Vintage Energy, Azure Holding Group, Aleia Holding, DWK Deutsche Wasserkraft, Susglobal Energy, Zeneris Projekty, Sono Group, Clean & Carbon Energy and EdgeMode.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $624K | ($169K) | 3.9x | - | (14.3x) | - | |||
| $3M | ($1M) | 2.3x | 2.0x | (7.0x) | (82.2x) | |||
| Azure Holding Group | $9K | ($30K) | 211.3x | - | (62.8x) | - | ||
| $1K | ($68K) | 1467.1x | - | (21.4x) | - | |||
| - | ($298K) | - | - | (6.6x) | - | |||
| $32K | ($4M) | 700.2x | - | (5.7x) | - | |||
| $2M | $102K | 0.5x | - | 12.9x | - | |||
| $168K | - | 23.9x | - | - | - | |||
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Common questions about AMPIN Energy Transition
| When was AMPIN Energy Transition founded? | AMPIN Energy Transition was founded in 2016. |
| Where is AMPIN Energy Transition headquartered? | AMPIN Energy Transition is headquartered in New Delhi, India. |
| Is AMPIN Energy Transition publicly listed? | No, AMPIN Energy Transition is a private, VC-backed company. |
| What is AMPIN Energy Transition's valuation? | AMPIN Energy Transition was last valued at $2M in its strategic investment round in September 2025. |
| How much funding has AMPIN Energy Transition raised? | AMPIN Energy Transition has raised $436M across 7 funding rounds. |
| What was AMPIN Energy Transition's last funding round? | AMPIN Energy Transition's last funding round was a $500K strategic investment round in September 2025, led by JK Lakshmi Cement. |
| Who are AMPIN Energy Transition's investors? | AMPIN Energy Transition's investors include Intermediate Capital Group, LGT Capital Partners, Copenhagen Infrastructure Partners, CBRE, Asian Infrastructure Investment Bank, Siemens, JK Lakshmi Cement, Sumitomo Mitsui Trust Bank and SMBC Venture Capital. |
| Which companies are comparable to AMPIN Energy Transition? | Companies comparable to AMPIN Energy Transition include MTK Quantum, UnpluxEra, Circuitree Energy Independence, DWK Deutsche Wasserkraft, Nidhogg Energy and Robin Energy. |
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