- Companies
- Apraava Energy
Apraava Energy Valuation, Funding & Investors
Apraava Energy is valued at $833M as of July 2022.
Last Apraava Energy valuation
$833M
Secondary · Jul 2022
Last Apraava Energy funding round
$92M
Undisclosed stage · Dec 2025
Cumulative funding Apraava Energy raised
$457M
across 2 funding rounds
Key investors in Apraava Energy
La Caisse
British International Investment
Standard Chartered
About Apraava Energy
Apraava Energy is a New Delhi-headquartered power company in which CLP India Private Limited holds a significant stake as a wholly-owned subsidiary of CLP Holdings. With over INR 14,500 crore invested, it operates nearly 3,000 MW capacity across supercritical coal, gas, and renewable generation projects in India.
Founded
2000
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Valuation
$833M (Jul 2022)
Apraava Energy Valuation
Apraava Energy is currently valued at $833M, based on its secondary sale in July 2022.
The $83M round was led by La Caisse.
Apraava Energy's valuation has moved from $896M at its undisclosed-stage round in September 2018 to $833M in July 2022, across 2 priced rounds.
Apraava Energy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2022 | Secondary | $833M |
| Sep 2018 | Undisclosed stage | $896M |
Apraava Energy Funding History
Apraava Energy has raised a total of $457M across 2 funding rounds, plus 1 secondary share sale.
Apraava Energy's first fundraising round was a $365M undisclosed-stage round in September 2018. The most recent completed round was a $92M undisclosed-stage round in December 2025.
Apraava Energy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Undisclosed stage | Standard Chartered; British International Investment | $92M | - | - |
| Jul 2022 | Secondary | La Caisse (lead) | $83M | $833M | Apraava Energy is India's leading integrated energy solutions provider jointly owned by CLP Group and La Caisse (CDPQ). The company operates across renewable energy, thermal power generation, and transmission infrastructure, with approximately 3.4 GW of installed capacity including wind and solar projects, a 1,320 MW coal-fired power plant, and transmission lines spanning 494 kilometers across 13 Indian states. In July 2022, La Caisse (CDPQ) acquired an additional 10% stake in Apraava Energy from CLP Holdings for $83 million USD (INR 6.6 billion), bringing both shareholders' ownership to 50% each. This transaction valued the company at $830 million as of July 2022. Following the deal, CDPQ gained equal governance rights to CLP with respect to Apraava Energy's strategic direction. At the time of the transaction, Apraava Energy had demonstrated solid financial performance. For the fiscal year ended March 31, 2022, the company reported total revenue of INR 46.796 billion, EBITDA of INR 14.711 billion, and net worth of INR 81.444 billion. The company maintained strong operational metrics with a portfolio covering renewable generation, conventional power, and transmission assets across multiple Indian states. The transaction reflected the strategic partnership between CLP and CDPQ built since 2018, with both investors aligned on capturing zero-carbon infrastructure investment opportunities to support India's energy transition. Following this deal, Apraava Energy sharpened its focus on clean energy and power transmission projects, positioning itself as a platform for sustainable infrastructure investment in India's evolving power sector. |
| Sep 2018 | Undisclosed stage | La Caisse (lead) | $365M | $896M | Apraava Energy is an Indian integrated energy solutions provider headquartered in Mumbai, jointly owned by CLP Group and La Caisse (formerly CDPQ), with a portfolio including ~3.4 GW of installed capacity across wind, solar, coal power plants, and transmission assets spanning 13 states. On September 17, 2018, La Caisse (CDPQ) led an unattributed VC funding round in Apraava Energy, marking its entry as a strategic shareholder by acquiring a significant stake. This investment aligned with Apraava's growth in India's power sector, transitioning from a single-asset developer founded in 2002 to a diversified climate-focused player. The 2018 transaction established La Caisse's initial 40% ownership, as referenced in subsequent announcements, with CDPQ later acquiring an additional 10% stake from CLP in 2022 for INR 6.6 billion (approximately US$83 million), raising its holding to 50% and granting equal governance rights. Post-2018, Apraava continued scaling, securing later financings like Rs 800.9 crore (USD 92 million) debt in 2025 from British International Investment and Standard Chartered for advanced metering infrastructure to aid India's energy transition. The company has grown its network to support clean energy initiatives amid India's power sector evolution. |
Who has invested in Apraava Energy?
3 investors have backed Apraava Energy across its funding rounds, including La Caisse, British International Investment and Standard Chartered.
Lead investors include La Caisse.
Apraava Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2018 | ||
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Start Free TrialApraava Energy Competitors
Apraava Energy competitors include listed companies like Engie Energia Peru and Reliance Power, and private ones like Órigo Energia, MSolar, Type One Energy and Desert Sunlight Investment.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $653M | $256M | $848M | 2.0x | ||
| Private | - | - | $816M | - | ||
| Private | - | - | $801M | - | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $907M | - | ||
| Publicly listed | $751M | $278M | $908M | - |
Apraava Energy Public Comps
Apraava Energy is still privately-owned, but its public comps include Engie Energia Peru, Shanghai Huitong Energy, Tamar Petroleum, TXO Partners, Canadian Solar, Waaree RTL, Energy Vault, Reliance Power, Mitsuuroko Group Holdings and Karoon Energy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $653M | $256M | 1.9x | 2.0x | 4.9x | 5.2x | |||
| $15M | $6M | 49.7x | - | 119.6x | - | |||
| $300M | $140M | 5.0x | - | 10.6x | - | |||
| $401M | $91M | 2.4x | 2.6x | 10.7x | 5.7x | |||
| $5.6B | $546M | 1.6x | 1.5x | 16.1x | 15.6x | |||
| $347M | $66M | 2.5x | 1.9x | 13.3x | 10.8x | |||
| $204M | ($83M) | 4.6x | 3.6x | (11.4x) | (46.2x) | |||
| $751M | $278M | 3.2x | - | 8.6x | - | |||
This data is available for Pro users. Sign up to see all Apraava Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Apraava Energy
| When was Apraava Energy founded? | Apraava Energy was founded in 2000. |
| Where is Apraava Energy headquartered? | Apraava Energy is headquartered in Mumbai, India. |
| Is Apraava Energy publicly listed? | No, Apraava Energy is a private, VC-backed company. |
| What is Apraava Energy's valuation? | Apraava Energy was last valued at $833M in its secondary sale in July 2022. |
| How much funding has Apraava Energy raised? | Apraava Energy has raised $457M across 2 funding rounds. |
| What was Apraava Energy's last funding round? | Apraava Energy's last funding round was a $92M undisclosed-stage round in December 2025. |
| Who are Apraava Energy's investors? | Apraava Energy's investors include La Caisse, Standard Chartered and British International Investment. |
| Which companies are comparable to Apraava Energy? | Companies comparable to Apraava Energy include Engie Energia Peru, Órigo Energia, MSolar, Type One Energy, Desert Sunlight Investment and Reliance Power. |
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