# Avaada funding: rounds and investors

> Avaada has raised $15M across 1 round since 2019. Investors include PROPARCO. Every round with its source.

Source: https://millionrounds.com/company/avaada (Millionrounds; every figure on the page links to its filing or article)

India · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Avaada*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$15M** raised across 1 round since 2019, from 1 source

- **Latest round:** Round, $15M Nov 2019
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2019** Round **$15M** [PROPARCO](https://millionrounds.com/fund/proparco) Reported by Indianweb2

## Founders and team

From Avaada's own website: 1 founder, 5 on the team.

**Vineet Mittal** Founder & Chairman

- **Kishor Nair** CEO
- **Lalit Sharma** President - Procurement
- **T.R. Kishor Nair** CEO
- **Vinoo George** President – Manufacturing
- **Sindoor Mittal** Vice Chairperson, Avaada Group

## Everyone who backed them

[PROPARCO](https://millionrounds.com/fund/proparco) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=avaada).

## Quick answers about Avaada

### Who invested in Avaada?

Avaada's investors include PROPARCO.

### How much has Avaada raised?

Avaada has raised $15M across 1 round since 2019.

### When did Avaada last raise?

Avaada's most recent round was an Undisclosed round of $15M in Nov 2019.

### What was Avaada's biggest round?

Its most recent round, $15M in Nov 2019, is also its largest on record.

### Who backed Avaada first?

Avaada's first round on record, in Nov 2019, was backed by PROPARCO.

### What stage is Avaada at?

Avaada's latest named round is an Undisclosed round, in Nov 2019.

### Where is Avaada based?

Avaada is based in India.

## Companies like Avaada

In the same sector, and raised in the last eighteen months.

[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)[**Battery Smart** $10M · Oct 2026](https://millionrounds.com/company/battery-smart)[**Ionage** $1.3M · Oct 2026](https://millionrounds.com/company/ionage)[**BatX Energies** $16M · Jul 2026](https://millionrounds.com/company/batx-energies)[**SolarSquare** $98M · May 2026](https://millionrounds.com/company/solarsquare)[**Kimbal** $22M · May 2026](https://millionrounds.com/company/kimbal)

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