Get In Touch
Dec2024 104x80.jpg
Current Issue
section
logo

Solar major Zynergy aims to be a US$ 500 million biz in five years;

By Niranjan Mudholkar,

Added 04 January 2016

To raise US$ 100 million more from diverse sources over three years

Addressing media persons recently along with Rohit Rabindernath, Tej Kohli, Chairman of Kohli Ventures said that the decision to get together with Zynergy was taken considering the growth potential of the sector and Zynergy's position as an early product and process developer in the sector. The first mover advantage, coupled with Zynergy's ability to positively impact rural communities in India and other developing countries, supported the decision in Zynergy's favour.

"Following the recent Cop21 Agreement, it is clear that Zynergy is strategically well placed to take advantage of the tailwinds in favour of solar energy driven by the mass market penetration potential of its products and on-going developments. We are pleased to be a lead investor in Zynergy. We are investing in a company that recognizes that business can partner with social enterprise to benefit the masses," said Kohli.

Zynergy's focus since inception has been to conduct pioneering research and development in the sector, thereby securing design, development and delivery capabilities for solutions that span from the retail to industrial/utility scale, in addition to a wide range of product applications for rural communities.

"The output of our R&D efforts over the last two years has enabled us to create a strong manufacturing base for varied products in solar based applications for rural communities. This will be a differentiator in the global market. We will keep a strict tab on the quality, pricing, schedules and utility of our offerings. This investment was possible because of an appreciation of Zynergy's capabilities to design, develop and deliver a wide range of products and processes for the tough and discerning international market", said Rohit Rabindernath.

"It is extremely gratifying for us at Zynergy that in addition to directly impacting the quality of life of our rural citizens, our products have the demonstrated potential to create a community of micro entrepreneurs linked to them," he said.
END