Hyderabad-based Fourth Partner Energy announced that it has raised $125 million in equity funding from Norfund - the Norwegian Investment Fund - and existing shareholder The Rise Fund, TPG’s global impact investing platform.
Norfund, the Norwegian Investment Fund for developing countries, is to infuse $100 million and existing shareholder The Rise Fund to invest an additional $25 million in the current round. The funds will be utilised towards business expansion across Indian and International markets.
