AMPIN Energy Transition, a leading Indian renewable energy company, has secured a $50 million investment from Siemens Financial Services, the financing arm of Siemens AG. This significant investment will support AMPIN’s expansion into commercial and industrial (C&I) and utility-scale renewable energy projects, as well as its broader energy transition initiatives.
This is AMPIN’s third major investment transaction in the current financial year, bringing its total equity capital raised to $270 million in 2024 alone. The company’s total equity capital now stands at nearly $700 million, positioning it to deploy over $4 billion in renewable energy infrastructure and drive India’s clean energy transition.
The investment is a testament to AMPIN’s unique business model and its potential for growth. Pinaki Bhattacharya, Founder, MD, and CEO of AMPIN Energy Transition, commented on the investment, stating that it reaffirms the company’s ability to attract leading investors from around the world. The partnership with Siemens Financial Services will also provide AMPIN with access to cutting-edge energy technology solutions, enabling the company to expand its renewable energy footprint.
Steffen Grosse, CEO of Equity Finance at Siemens Financial Services, highlighted India’s potential for renewable energy investments, stating that the country offers significant long-term investment opportunities as it strengthens its adoption of renewable energy across the value chain. The investment further solidifies AMPIN’s position as a key driver of India’s renewable energy transition, reinforcing its role in powering sustainable growth domestically and contributing to global clean energy goals.