Husk Power Systems

intellecash startupThe credit facility extended to these three companies has been provided with partial funding from the Shell Foundation. The Shell Foundation offers viability-based lending to fast-growing Small and Medium Enterprises (SME’s). IntelleCash, a Non Banking Finance Company specializing in incubating start-ups and providing commercial loans to SME’s in the energy and infrastructure sector, announced last week that [...]
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Meghana Rao - The new director of Acumen Fund. Image-credit:acumenfund.orgAcumen Fund, a nonprofit global venture firm addressing poverty in South Asia and East Africa, last week announced Meghna Rao as its new Acumen Fund India Director. Ms. Rao comes to Acumen Fund with strong experience in venture capital, technology and manufacturing operations and will oversee the expansion of Acumen Fund’s work in India. Acumen [...]
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India-based Husk Power Systems (HPS), with operations in India , raised an undisclosed amount of second round funding from Shell Foundation to expand its operations for its biomass electrification technology, which converts rice husks into electricity.
Previously, the company raised $235,000 from a number of business plan competitions (Massachusetts Institute of Technology, Dell, University of [...]

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