Kohli Ventures invests in Zynergy

Zynergy, which specialises in creating innovative and affordable energy solutions, currently operates across emerging markets with a particular focus on India. The Zynergy engineering team offers engineering, procurement and construction (EPC) turnkey solutions. Product lines include water filtration, water pumps and refrigeration.

The company has participated in public-private partnership (PPP) initiatives and has a number of solar energy generation plants with power purchase agreements in place. Zynergy has also executed large distributed generation projects in India and has strong commercial ties with a number of African states to build solar energy projects in the region.

Zynergy has targeted a revenue stream of more than US$400 million by 2017.

Tej Kohli, chairman of Kohli Ventures, said: “Zynergy is a high tech, renewable energy business that has the ability to transform lives by increasing access to powerful technology through innovation and engineering excellence. It is our intention to use our extensive experience and financial resources to exploit the full commercial potential of this business globally whilst making a major social impact as part of our growing portfolio of investments in this sector.”

Rohit Nath, the founder and managing director of Zynergy, said: “This alliance is a huge leap forward for Zynergy in realising its strategic goals to become a leading player in the renewable energy sector. Our objective is to directly impact the lives of the masses through integrating the latest technology in the market and reducing harm to the environment, whilst at the same time help create additional income for ordinary people. Kohli Ventures’ philosophy is the perfect fit for Zynergy, as the Group prides itself on real social enterprise.”