SINGAPORE--(BUSINESS WIRE)--Kohli Ventures, a company focused on investing in pioneering advances that help transform people’s lives, today announces that it has invested in a leading renewable energy company called Zynergy. The multi-million dollar consideration is undisclosed.
Zynergy is a Singapore headquartered group offering end-to-end solar solutions; it currently operates across the emerging markets with a particular focus on India and has participated in various public-private partnership (PPP) initiatives and has within its portfolio solar energy generation plants with power purchase agreements in place. Furthermore, Zynergy has executed large distributed generation projects in India and has strong commercial ties with a number of African states to build Solar energy projects catering to the growing demand in the region.
Zynergy has a high calibre engineering team, offering Engineering, Procurement and Construction (EPC) turnkey solutions and an exceptional Research & Development division specializing in creating innovative and affordable energy solutions. Its significant intellectual property has the ability to disrupt prohibitive cost barriers and democratise solar energy by making the products more affordable to the mass market. Compared to standard water pumps, Zynergy Solar Water Pumps cost significantly less, solving a big problem for farmers throughout the emerging markets and beyond. Zynergy has an innovative line of products not only in solar lighting but also in water filtration, water pumps, and refrigeration, at a fraction of the cost.
Commenting on the transaction, Tej Kohli, the visionary entrepreneur and Chairman of Kohli Ventures, said:
"Zynergy is a high tech, renewable energy business that has the ability to transform lives by increasing access to powerful technology through innovation and engineering excellence. It is our intention to use our extensive experience and financial resources to exploit the full commercial potential of this business globally whilst making a major social impact as part of our growing portfolio of investments in this sector."
The Company has targeted a revenue stream in excess of $400m by 2017, and is confident to achieve this given the forward purchases on its order book.
The founder and Managing Director of Zynergy, Rohit Nath, who has helped build the company to where it is today, said:
“This alliance is a huge leap forward for Zynergy in realising its strategic goals to become a leading player in the renewable energy sector. Our objective is to directly impact the lives of the masses through integrating the latest technology in the market and reducing harm to the environment, whilst at the same time help create additional income for ordinary people. Kohli Ventures’ philosophy is the perfect fit for Zynergy, as the Group prides itself on real social enterprise. The fit could not be better for us under the leadership of the Chairman, Tej Kohli.”
Notes to Editors:
- Kohli Ventures provides smart capital – financial and intellectual capital, guidance and connections; the Group takes an equity stake and representation on a company’s board.
- Unlike many other venture capitalists, Kohli Ventures’ investment horizon is medium to long-term - typical investment horizon is five years with a clearly defined exit strategy to deliver superior returns on investment such as via an Initial Public Offering or trade sale.
- The Group is not interested in small ideas operating in tiny niches – any investment must have the potential to benefit and improve the quality of life for all those around them.