In a decisive move amid rising global energy uncertainty, GPSR Arya—the asset platform of GPS Renewables—has secured mezzanine funding from Alternates by Axis AMC to fast-track compressed biogas (CBG) projects across India.

 

The capital infusion will turbocharge the rollout of CBG infrastructure through partnerships with state-run fuel giants, including Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited, as India doubles down on domestically produced clean energy.

 

The deal lands at a critical moment. With India heavily reliant on imported natural gas, geopolitical tensions—particularly ongoing instability in West Asia—have triggered supply disruptions, rationing, and rising LPG prices nationwide. Against this backdrop, CBG—also known globally as Renewable Natural Gas (RNG)—is emerging as a resilient alternative, produced locally from organic waste and shielded from global price shocks.

 

Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, said, “Recent developments in the global energy market have highlighted the need and importance of building domestic fuel alternatives. CBG offers a unique advantage for India, given the abundance of locally available feedstock that can support the development of large-scale biofuel infrastructure. 

 

"This deal reflects growing institutional recognition of biomethane and CBG both as a clean energy opportunity and as a strategic energy security asset.”

 

Parag Parikh, CEO of GPS Renewables Arya, underscored the company’s aggressive expansion strategy: “As India accelerates its clean energy transition, the focus for the sector is now towards large and scalable biogas infrastructure."

 

"Through the Arya platform, our priority is to accelerate the development of biogas projects across the country by expanding capacity across multiple feedstocks and geographies. This funding will play a key role in building a nationwide network of CBG plants that can contribute toward reducing fossil fuel dependence and lowering greenhouse gas emissions.”

 

From the investor side, Nachiket Naik, Head – Structured Credit at Axis AMC, highlighted the broader significance: “The transaction, one of the first in the private credit space in the CBG sector, demonstrates Axis AMC’s commitment to deliver tailored solutions for emerging cleantech sectors. We see this investment as a step towards supporting the development of large-scale CBG projects that can accelerate India’s efforts towards clean energy transition”

 

Over the past decade, GPS Renewables has quietly built deep capabilities spanning technology, engineering, EPC, and project development.

 

With more than 30 projects operational or nearing completion—and over 200 in the pipeline through partnerships with oil marketing companies—GPS Renewables is positioning itself at the center of India’s clean fuel transformation.