Mainak Chakraborty

Co-founder & CEO of GPS Renewables, a clean energy company based in Bengaluru.

Co-founder · CEOBengaluruClean Energy

Founded

2012

Bengaluru, Karnataka, India

Raised to date

₹635 crore

1 round on record

Latest round

Series C

₹635 crore · Jun 2026

About

Mainak Chakraborty is Co-founder & CEO of GPS Renewables, a clean energy company based in Bengaluru, founded in 2012. GPS Renewables's most recent disclosed round was a Series C of ₹635 crore in Jun 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2012

GPS Renewables

Clean Energy · Bengaluru

GPS Renewables is a Bengaluru-based full-stack renewable oil and gas company building compressed biogas (CBG) and sustainable aviation fuel infrastructure. It converts agricultural residue and municipal solid waste into clean fuels, runs joint ventures with both IndianOil (IOC GPS Renewables) and Bharat Petroleum for CBG development, and develops Build-Own-Operate projects through its asset platform GPSR Arya.

Funding

Jun 2026Series C₹635 crorePixelSky Capital (lead), Spectrum Impact Family Office, Aarti Industries family office, undisclosed South Korean conglomerate, Sojitz Corporation

Company profile →1 round on record

Journey with GPS Renewables

2 milestones

Apr 2025Milestone
Sojitz invests ₹310 Cr into the IOC GPS Renewables JV (IGRPL) — targeting 30 biomethane plants by FY27 with 160,000 tonnes annual capacity, total outlay $400M+.
Jun 2026Milestone
~₹1,000 Cr annual revenue with 800+ employees; 30+ projects operational or near-complete, 200+ CBG projects in pipeline; NTPC EPC contract for India's first Ethanol-to-Jet SAF plant; only Indian company with CBG JVs with both IndianOil and BPCL.

Also building GPS Renewables

SSSreekrishna SankarCo-founder→

Coverage

1 story

Funding · 8 Jun 2026 · 3 min read

GPS Renewables Raises ₹635 Crore in Series C Round Led by PixelSky Capital to Accelerate Clean Fuel Infrastructure