Greenjoules: Pioneering Waste‑to‑Energy Biofuel Solutions

Founded in 2018 in Pune, Greenjoules is a leading clean‑technology firm transforming agricultural and agro‑industrial waste into high‑quality “drop‑in” biofuels. Spearheaded by co-founders V. S. Shridhar (CEO), S. Viraraghavan (Director), V. Radhika (COO), and R. Sethunath (CBO), the company blends sustainability with circular‑economy principles, targeting a greener energy future.

Greenjoules’ core innovation lies in producing second‑generation biofuels from non‑food, non‑feed biomass—such as crop residue and agro‑processing by‑products—using clean, green chemistry. Their flagship product, Abhilasha Liquid Fuel, is engineered to match the performance of conventional diesel (meeting equivalent fuel standards), while delivering an ultra‑low sulphur profile and minimizing greenhouse gas emissions—offering an eco‑friendly alternative that can be seamlessly used in existing diesel engines, boilers, and generators without modification.

The company operates a biorefinery in Chakan, Pune, serving large industrial clients with both liquid and gaseous fuel variants. Greenjoules follows a true circular approach: all by-products are either consumed or valorized, and the entire conversion process avoids generating hazardous waste.

In a major milestone, Greenjoules raised ₹33 crore (~US $4.5 million) from Blue Ashva Capital’s Sampada Fund, through a mix of equity and debt. These funds are dedicated to scaling production via commercial‑scale waste‑to‑energy plants and advancing R&D to develop new high‑energy‑density liquid and gaseous biofuel products.

With its innovative technology, experienced leadership, and commitment to environmental sustainability, Greenjoules is positioning itself as a key player in India’s waste‑to‑fuel transformation, helping industries meet decarbonization goals while supporting the national mission of cleaner, greener energy.