GPSR Arya Secures ₹500 Million Funding to Scale CBG Projects Across India

Bengaluru, April 02, 2026: GPSR Arya, the asset platform of GPS Renewables, has raised ₹500 million in mezzanine funding from Alternates by Axis AMC to accelerate the development of compressed biogas (CBG) projects across India.

The funding will support the expansion of CBG infrastructure through partnerships with public sector oil marketing companies such as Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited. The investment comes at a time when India is seeking to strengthen domestic clean energy sources amid global energy market volatility.

CBG, also known globally as Renewable Natural Gas (RNG), is produced from organic waste and is considered a viable alternative to fossil fuels. Unlike conventional fuels, it is less exposed to geopolitical disruptions, offering a stable and locally sourced energy solution.

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, GPS Renewables Arya, added, “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 towards reducing fossil fuel dependence and lowering greenhouse gas emissions.”

Nachiket Naik, Head – Structured Credit at Axis AMC, said, “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.”

The transaction was advised by Elements Financial Solutions Private Limited. GPS Renewables currently has over 30 operational or near-complete projects and is developing more than 200 CBG projects in partnership with oil marketing companies. The company is also expanding into alternative fuels such as Sustainable Aviation Fuel (SAF).

The funding is expected to strengthen India’s clean energy ecosystem by supporting scalable biofuel infrastructure and reducing dependence on imported fuels.