Indian renewables startup Kotak Urja raises $8M from Kleiner Perkins, Sherpalo

Kotak Urja, a diversified Indian startup that is planning solar power installations as well as making some solar equipment, has raised $8 million from Kleiner Perkins Caufield & Byers, Sherpalo Ventures and Applied Materials.

The investment is Kleiner Perkins’ first renewable energy move in India, according to VCCircle. Rather than the tech-heavy companies that the venture firm typically invests in at home, Kotak’s business is weighted more toward reselling or installing existing products in a growing energy market.

Kotak will use the money to invest in all its business lines, including buying land for power generation projects.

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