BiofuelCircle scales up rural infrastructure;to increase rural warehouses in FY25

2 hours ago 1

Digital level for bioenergy proviso concatenation BiofuelCircle connected Tuesday said it plans to grow its agrarian infrastructure and much than treble its agrarian warehouses to 35 with an concern of Rs 75 crore successful 2024-25.

BiofuelCircle plans to much than treble its agrarian warehouses to 35 from 15 crossed cardinal cultivation states including Uttar Pradesh, Haryana, Maharashtra, Gujarat, and Andhra Pradesh, the institution said successful a statement.

"We purpose to link implicit 70,000 farmers and aggregate much than 250,000 tonnes of biomass by the extremity of FY25. Our level provides farmers entree to modern infrastructure, turning cultivation discarded into a invaluable assets and contributing to a circular economy," BiofuelCircle co-founder and CEO Suhas Baxi said.

The company's mobile level volition deploy GPS and Telematics based apps to beforehand agrarian biomass businesses.

This enlargement is aimed astatine streamlining biomass postulation and enhancing agrarian entrepreneurship envisages a full concern of Rs 75 crore successful FY25, the institution added.

BiofuelCircle precocious completed an equity circular raising of Rs 45 crore, led by Spectrum Impact and has signed a word indebtedness statement with Jio Finance for the equilibrium investment.

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