Fourthpartner raises $ 2 million

BENGALURU: Fourth Partner Energy, a company focussed on distributed solar power, today announced it has raised almost $2 million in the additional round of Series-A funding.

Infuse Ventures, a sustainability and clean technology fund, led this round of investment which also saw a commitment from Fourth Partner's existing investors - The Chennai Angels (TCA), the company said in a release here.

It said the company had also received a significant commitment under the Seed Capital Assistance Facility (SCAF) implemented through the United Nations Environment Program and the Asian Development Bank.

The additional round of funding will enable Fourth Partner Energy to extend more financing options to their clients, it added.

Fourth Partner Energy (4PEL) was founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti.