India’s first fractionally owned solar power plant in Karnataka

The plant is designed to offset 65 lakh kgs of carbon footprint every year for the next twenty-five years

Pyse, an investment platform that helps retail investors invest in sustainable projects that create social and environmental impacts from a ticket size as low as ₹5,000 has strengthened its leadership position further in the renewable energy space by launching India’s first and largest fractionally owned solar power plant in  Karnataka. The Solar Power Plant is an ₹26 crore investment with an average investor ticket size of ₹25,000

The project has been strategically divided into four tranches with the first three tranches worth ₹16 crores. Tranche 1, 2, and 3 had been oversubscribed by 2.5x and the money was raised on an average of 3 days. The project is backed by more than 600 retail investors and is equipped to supply solar power to marquee clients operating manufacturing plants.

PYSE will launch the fourth and final tranche with a minimum investment of ₹5,00,000. The plant is set to be commissioned by the end of July and is designed to offset 65 lakh kgs of carbon footprint every year for the next twenty-five years.

Kaustubh Padakannaya, co-founder, PYSE said: “The response from investors for the launch of Tranche 1, 2, and 3 has solidified our faith in the fact that investors recognize solar as an asset class offers potential to earn steady returns while contributing to the environment. This project showcases our commitment to making green assets a lucrative financial product for retail investors and is a step towards our partner companies’ sustainability goals”.

As a Covid-born company, PYSE currently manages 40+ crore AUM with more than 4000+ investors and the company is looking to build 200 crores worth of green assets by March 2023. Targeting its early investors, 65 percent of the users are between 25 to 35 years and are in key Indian cities. While 35 percent are from tier 2 and tier 3 towns. The purpose of the company is to encourage retail investors to adopt a sustainable lifestyle while earning passive income for doing so.