CapitalXB Finance, an NBFC specialising in trade finance, has secured $15 million in seed funding. In the M&A space, Premier Energies, backed by GEF Capital Partners, has expanded its footprint in the renewable energy equipment space by entering the solar inverter market through the buyout of KSolare Energy.
CapitalXB Finance raises $15m
CapitalXB Finance, a non-bank financial company specialising in trade finance, has secured $15 million in seed funding, per media reports.
The round was led by London-based investor Nicolas Walewski, known for managing multi-billion-dollar portfolios at Alken Asset Management, along with participation from an Indian family office.
The investment, which is a mix of equity and debt, marks Walewski’s first deal in India.
Established in 2024, CapitalXB doles out working capital to Indian SMEs and exporters.
The corpus raised will help the NBFC expand its loan portfolio, enhance its technology infrastructure, and build its team and strategic partnerships.
GEF Capital-backed Premier Energies acquires KSolare
Premier Energies, backed by GEF Capital Partners, has expanded its footprint in the renewable energy equipment space by entering the solar inverter market through the acquisition of KSolare Energy.
The company has purchased a 100% stake in KSolare for about Rs 170 crore, forming a joint venture partnership to strengthen its clean energy portfolio.
This move comes a day after Premier Energies announced its entry into transformer manufacturing, following the acquisition of a 51% majority stake in Transcon Industries for around Rs 500.3 crore.
Premier Energies, a manufacturer of solar cells and modules, is expanding its operations to build a fully integrated 10 GW production capacity spanning ingots, wafers, cells, and modules. The company is also diversifying into battery storage and inverter production as part of its broader growth strategy.
