Steptrade Capital Backs Tesla Power Equipments and Projects in ₹25 Crore Pre-IPO Round
Date: September 22, 2025
Tesla Power Equipments and Projects
Tesla Power Equipments and Projects has secured Rs 25 crore in a pre-IPO round led by Steptrade Capital’s debut Category-II alternative investment fund (AIF), Chanakya Opportunities Fund I. The fund contributed about 22% of the total fundraise, Steptrade said in a statement.
With the deal, the SME-exchange-focused fund has now deployed more than Rs 55 crore across private companies in the energy transition space. Managed by Kresha Gupta and Ankush Jain, Chanakya Opportunities Fund I focuses on sectors such as renewable energy, infrastructure, power and energy, waste management, and defence.
Tesla Power said it will use the funds to expand manufacturing and strengthen its supply chain in the clean energy space.
Founded in 2004 by Jaideep Jain, Tesla Power manufactures, supplies, and commissions power transformers, distribution transformers, and inverter-duty transformers (IDTs) for solar and wind projects. It has two plants in Bhopal and Mandideep with a combined capacity of 8,000 MVA. It serves clients such as Adani Green, Tata, and NTPC, as well as government contracts.
source : www.vccircle.com