Srinivasan Viswanathan, Founder & CEO, AltEons Energy. The company has raised an undisclosed investment from The Sanmar Group for a majority stake to support the development of over 1.5 GW of renewable energy projects.
AltEons Energy, a renewable energy platform, has raised an undisclosed amount of investment from The Sanmar Group in return for a majority stake.
The investment will support the development of over 1.5 GW of renewable energy projects across India, enabling Corporate and Industrial (C&I) customers to accelerate their decarbonisation journey through the AltEons platform.
AltEons is scaling its integrated renewable energy platform combining solar, wind, energy storage and advanced energy management solutions to provide Round-the-Clock (RTC) clean power to C&I consumers. It is currently working on an under-construction pipeline of a 210 MW Hybrid portfolio (Wind, Solar, and Battery Energy Storage Systems) in Maharashtra to cater to the growing demand of energy-intensive businesses in the State.
AltEons targets 800 MW pipeline
“The capital will go towards securing the next round of 800 MW pipeline by the end of the year, which will help us to scale the next phase of growth,” Srinivasan Viswanathan, Founder & CEO of AltEons Energy, said. With Sanmar’s long-term partnership, we are well-positioned to develop over 1.5 GW of Round-the-Clock (RTC) renewable energy projects, he adds. We wanted an investor/partner not just for capital support but for strong trust, he added.
The company works with customers across manufacturing, automotive, data centres, and industrial engineering, among others. These customers are seeking long-term, sustainable energy solutions that support their Environmental, Social, and Governance (ESG) commitments.
Sanmar backs AltEons’ renewable energy platform
Vijay Sankar, Chairman, The Sanmar Group, said: “AltEons has built a compelling platform focused on addressing one of the most critical challenges in energy transition, delivering reliable renewable power at scale. We believe the company’s innovative approach, experienced leadership, and strong execution capabilities position it to become a significant player in India’s evolving renewable energy sector.”
Published on September 1, 2026
