Matrix Gas & Renewables has secured Rs 3.5 billion in the pre-IPO round. With this recent capital infusion, Matrix is now poised to expedite its growth endeavors, focusing on increasing market presence in gas aggregation, procuring city gas distribution assets, and supporting ongoing capital expenditure plans.
This funding round will hasten the establishment and operation of green hydrogen production facilities using engineering, procurement, and construction and build, own, and operate basis, as well as the development of a hydrogen electrolyser manufacturing plant. These initiatives are secured through a consortium partnership with Gensol Engineering Limited. Key investors such as 4GCapital Venture, Sarda Group, Blue Lotus Fund, NAV Capital Emerging Fund, and the company’s promoters actively participated in the pre-IPO round.
