In a significant move, Foxhog Ventures, the Indian arm of a prominent US-based venture capital firm, has ventured into the dynamic field of power and energy with a hefty investment of $1.5 million USD in the USA-based energy company, SOBE Thermal Energy.
FILE PHOTO ( FOXHOG CEO, IN THE ANNOUNCEMENT EVENT FOR THE INVESTMENT )
The Ministry of Corporate Affairs, Government of India, reported that Foxhog has successfully completed the delivery of the last instalment, a substantial $900,000 USD, on December 26th, 2023. This strategic investment aims to fuel the expansion of SOBE Thermal Energy’s operations in the power sector.
Sources reveal that the injected funds are earmarked for scaling up the energy company’s business, with a particular focus on enhancing its presence in the global power market. Foxhog Ventures, renowned for its strategic investments, sees great potential in SOBE Thermal Energy and anticipates significant returns.
Moreover, Foxhog Ventures is eyeing the Indian power sector, with plans to introduce SOBE Thermal Energy to the Indian market. The ambitious venture aims to position the energy company as a key player in India’s burgeoning power industry by the year 2025.
This move not only signifies Foxhog Ventures’ diversification into the crucial domain of power and energy but also underscores its commitment to fostering innovation and growth in the global energy landscape. Stay tuned for further updates on this transformative development.
