Shakti Pumps raises $ 7.4 Million from Global Environment Fund
CoolAvenues Newswire | October 06,2014 02:56 pm IST
Shakti Pumps manufacturer of submersible pumps, has raised $ 7.4 Million for an estimated stake of 8•9% stake from Global Environment Fund.
Shakti pumps manufactures submersible motors, vertical multi-stage centrifugal pumps and domestic water pressure booster pumps.
The company has recently launched Shakti Solar Pumps, an innovative answer to the current energy needs. These solar pump sets can be run on metered electricity and solar panels. The solar pump is manufactured by signature fabricated technology which increases the efficiency of solar panels and requires less solar panel thus reducing the total cost of project. The solar pump is very competitively priced with a 100% payback within the period of 3 years.