AMPIN Energy Transition, a leading player in India’s renewable energy sector, has secured a $50 million investment from Siemens Financial Services, the financing arm of Siemens AG. The funding will support AMPIN’s expansion across Commercial & Industrial (C&I) and utility-scale renewable energy projects, as well as its broader energy transition initiatives.
This marks 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.
Commenting on the investment, Pinaki Bhattacharyya, Founder, MD, and CEO of AMPIN Energy Transition, stated: “This equity investment from Siemens reaffirms AMPIN’s unique business model powering energy transition. AMPIN is now the only energy transition company in India to attract leading investors from Europe, North America, and Asia. In addition to capital, Siemens’ global expertise in energy technology strengthens our long-term growth strategy, enabling us to leverage cutting-edge solutions to expand our renewable energy footprint.”
Steffen Grosse, CEO of Equity Finance at Siemens Financial Services, emphasized India’s potential for renewable energy investments. “We are proud to invest in AMPIN, providing our financial expertise to support India’s energy transition. India offers significant long-term investment opportunities as the country strengthens renewable energy adoption across the value chain,” he said.
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.
