Schneider Electric has made an equity investment in Biofuels Junction through Schneider Electric Energy Access (SEEAA), the Asia-focused clean energy fund. Through this collaboration, Biofuels Junction (a clean energy venture) will prevent stubble burning of agricultural waste. Instead, this waste will be converted into solid biofuels.

Ashvin Patil, co-founder, and CEO of Biofuels Junction, said, "This funding round will be instrumental to help us expand our current business and also launch a technology platform to better address the requirements of the biofuels value chain."

Gilles Vermot Desroches, Senior Vice President Corporate Citizenship Schneider Electric and President of SEEAA highlighted its benefits of CO2 savings and increased income for smallholder farmers and their families.

Deepak Sharma, Zone President - Greater India and CEO & MD, of Schneider Electric India (SEIPL), reiterated the business's commitment towards the country's net zero goals and said, "We believe in collaborating with like-minded partners to accelerate the transition towards a net-zero future. Sustainability is a collective goal and will need collective action from all. Through such partnerships, we are not only empowering businesses to reach climate goals but also encouraging them to prioritize sustainable practices across the value chain."