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Glows bags $30 mn funding from Framework & Union Square Ventures
The Statesman
|December 05, 2024
Glow, a leading Ethereum-based solar company, has secured $30 million in funding from renowned venture capital firms Framework and Union Square Ventures.
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This significant investment is expected to fuel Glow's ambitious mission to accelerate the adoption of renewable energy and decentralize the global energy grid in India and across the globe.
Since its inception in 2023, Glow has made significant strides in advancing solar energy adoption in India.
Three solar farms have already gone live in Rajasthan, generating a total of 21.3 MW of solar capacity.
These projects, located at Rays Power Experts Ltd's site near Bikaner, include:
1.3 MW launched on October 2nd, 2024
4 MW on October 30th, 2024
16 MW on November 27th, 2024
This story is from the December 05, 2024 edition of The Statesman.
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