GPS Renewables
GPS Renewables is a Bengaluru-based bioenergy EPC and project developer that converts organic waste into CBG, RNG, BioCNG and Sustainable Aviation Fuel for Indian state-owned oil marketing companies and power utilities, operating through JVs, EPC contracts and its GPSR Arya asset platform.
- Company typePrivate
- Founded2012
- HeadquartersBangalore, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GPS Renewables does
GPS Renewables Private Limited, founded in 2012 and headquartered in Bengaluru, is a bioenergy engineering and project-development company that converts organic waste and agricultural residue into renewable gas and liquid fuels. Its core technology stack covers anaerobic digestion and upgrading to Compressed Biogas (CBG), BioCNG, Renewable Natural Gas (RNG), bioethanol, and — through a 2026 ethanol-to-jet licensing arrangement with Lummus Technology — Sustainable Aviation Fuel (SAF). Notable technical milestones include delivery of Asia's largest municipal solid waste-based CBG plant in Indore, India's first commercial ethanol-to-jet SAF EPC contract from NTPC, and international reference projects delivered via the 2023 acquisition of Germany's Proweps Envirotech, which contributed the UK's largest organic-waste-to-biogas power project and Scandinavia's largest organic-waste-based RNG plant.
The company operates a platform-plus-projects model. Revenue is generated primarily through (i) joint-venture project development with state-owned oil marketing companies — including exclusive JVs with Indian Oil Corporation (via the IGRPL platform with Sojitz Corporation) and Bharat Petroleum Corporation — using a 70:30 debt-equity capital structure, (ii) EPC contracts for specialised biofuel facilities such as the NTPC SAF plant, and (iii) the wholly-owned GPSR Arya asset hold-co, which raises equity and mezzanine capital to seed new CBG assets. Customers are concentrated among Indian public-sector energy majors (IOCL, BPCL, HPCL, GAIL, Oil India, NTPC) plus select Fortune 500 industrial clients in South Asia.
GPS Renewables employs over 800 people, has constructed more than 100 biogas facilities, and reports 30+ operational or near-complete projects with visibility on 200+ further developments and an order book exceeding Rs 4,000 crore. The business is venture-capital and debt-backed (Series B of US$20M from Neev Fund II in 2022, US$50M debt facility from PNB/ICICI Bank and others in 2024, and a Rs 635 crore Series C led by PixelSky Capital in June 2026), with management targeting Rs 3,500 crore of revenue and 100 CBG plants by FY28 ahead of a planned IPO approximately two and a half years thereafter.
GPS Renewables firmographics
Firmographics- Name
- GPS Renewables
- Legal name
- GPS Renewables Private Limited
- Website
- https://greenpowersystems.co.in
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GPS Renewables is a Bengaluru-based bioenergy EPC and project developer that converts organic waste into CBG, RNG, BioCNG and Sustainable Aviation Fuel for Indian state-owned oil marketing companies and power utilities, operating through JVs, EPC contracts and its GPSR Arya asset platform.
- Ownership category
- akta.pro rank
GPS Renewables industry classification
Industry- Product category
- Bioenergy and Renewable Fuels
- NAICS
- Natural Gas Distribution (221210), Natural Gas Distribution (2212), Biomass Electric Power Generation (221117), Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Natural Gas Transmisison & Distribution (4923), Natural Gas Transmission (4922), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Biogas/RNG Plant Development, EPC & Project Delivery (EUAAAEAH)
- akta.pro secondary industries
- Biogas/RNG Plant Operations, Maintenance & Asset Management (EUAAAEAI), Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE), Sustainable Aviation Fuel (SAF) & Alternative Fuels (e-fuels, biofuels, hydrogen) (THABANAA), Renewable Natural Gas (RNG) Program Development & Portfolio Management (EUAJAJAA)
Keywords
Where GPS Renewables is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
GPS Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Biogas/CBG Plant Development and Operations: Revenue generated from developing, constructing, and operating compressed biogas (CBG) and BioCNG plants across India. The company has over 30 operational or near-complete projects with visibility on 200+ more under development with oil marketing company partners.
- EPC Contract Services: Engineering, Procurement, and Construction contract services for specialized biofuel projects. GPS Renewables secured an EPC contract from NTPC to build India's first Ethanol-to-Jet Sustainable Aviation Fuel plant.
- Project Development Platform (GPSR Arya): Asset holding platform for developing CBG projects in partnership with state-owned oil marketing companies, attracting equity investments from Korean conglomerates and other financial partners.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
GPS Renewables product offering
Product offeringCore offering
GPS Renewables develops, finances, builds, and operates waste-to-biofuel plants that convert organic and agricultural waste into compressed biogas (CBG), BioCNG, renewable natural gas (RNG), bioethanol, and ethanol-to-jet sustainable aviation fuel (SAF). The company delivers turnkey projects primarily through joint ventures with state-owned oil marketing companies and EPC contracts with major energy corporations such as NTPC.
Product overview
GPS Renewables is a full-stack renewable oil and gas company operating a platform-plus-projects architecture. The core platform comprises proprietary compressed biogas (CBG) and BioCNG production technology, supported by the GPSR Arya asset holding platform for project development with oil marketing company partners. The product portfolio includes CBG/RNG production, ethanol-to-jet sustainable aviation fuel (India's first), bioethanol, and green hydrogen. The company also operates acquired subsidiary Proweps Envirotech (Germany) for international waste-to-energy expertise. GPS Renewables functions primarily as an EPC contractor and project developer, delivering turnkey biogas plants to Fortune 500 clients and public sector energy companies.
Differentiator
Problem solved
Functional benefit
Brands
- GPSR Arya: Asset holding platform for developing compressed biogas projects across India
- IGRPL
Products and services
- Compressed Biogas (CBG) Plant Development End-to-end development and operation of compressed biogas plants that convert organic and agricultural waste into pipeline-injectable CBG, serving India's energy security goals and reducing fossil fuel dependence. Over 30 operational or near-complete projects with a pipeline of 200+ additional projects in partnership with state-owned oil marketing companies.
- BioCNG Plant Development Design, engineering, and delivery of large-scale Bio-Compressed Natural Gas plants, including Asia's largest BioCNG plant in Indore inaugurated by Prime Minister Narendra Modi.
- Renewable Natural Gas (RNG) Production Pipeline-injectable renewable natural gas produced from organic waste, including the largest organic waste-based RNG plant in Scandinavia delivered through acquired subsidiary Proweps Envirotech.
- Ethanol-to-Jet Sustainable Aviation Fuel (SAF) Plant India's first ethanol-to-jet sustainable aviation fuel production technology and EPC plant development, converting CO2-derived ethanol into jet fuel via ethanol-to-ethylene conversion, olefins oligomerization, and hydroprocessing. Delivered via an EPC contract with NTPC Green Energy Limited.
- Bioethanol Biofuel produced from agricultural waste, part of GPS Renewables' renewable fuels portfolio supporting India's ethanol blending programs and energy security goals.
- GPSR Arya Asset Development Platform Wholly-owned asset holding and project development platform of GPS Renewables that holds equity in CBG projects developed in joint ventures with state-owned oil marketing companies such as Indian Oil Corporation and Bharat Petroleum Corporation Limited, attracting equity and mezzanine capital from financial partners including Sojitz Corporation, a Korean conglomerate, and Alternates by Axis AMC.
- Proweps Envirotech International Waste-to-Energy Engineering Germany-based design and engineering subsidiary of GPS Renewables acquired in August 2023, offering 25 years of waste-to-energy expertise including the largest organic waste to biogas power project in the UK and the largest organic waste-based RNG plant in Scandinavia.
Quantifiable outcome
- Asia's largest municipal solid waste-based CBG plant delivered in Indore
- +5 more outcomes
Companies that use GPS Renewables
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
GPS Renewables technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
GPS Renewables partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and significant.
- NTPC LimitedcoreEPC contract awarded to GPS Renewables for constructing India's first Ethanol-to-Jet Sustainable Aviation Fuel plant at NTPC Green Energy's facility in Andhra Pradesh, producing 1,800 tonnes per annum of SAF.
- Lummus TechnologycoreTechnology licensing partner providing ethanol-to-jet technology for the NTPC SAF project. First commercial license of Lummus' integrated ETJ technology in India.
- Xytel IndiasignificantDetailed engineering support provider for the ethanol-to-jet SAF plant project, handling core process package engineering.
- Bharat Petroleum Corporation Limited (BPCL)coreOfficial joint venture formed in April 2025 to establish Compressed Biogas (CBG) plants across India, advancing India's energy transition and BPCL's Net Zero goals. GPS Renewables is the only Indian entity with JVs with both IOCL and BPCL.
- Indian Oil Corporation Limited (IOCL)coreJoint venture for CBG infrastructure development. Also partnered through IGRPL asset platform with Sojitz Corporation for biomethane plant development. GPS Renewables holds exclusive JV partnerships with both IOCL and BPCL.
- Proweps Envirotech (Acquired)coreAcquired Germany's Proweps Envirotech to strengthen position in biofuels and renewable energy. Leverages Proweps' 25 years of experience in waste-to-energy projects and flagship projects including UK's largest organic waste to biogas power project and Scandinavia's largest organic waste-based RNG plant.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
GPS Renewables competitors and assessment
Company assessmentEmerging players
- Vanguard Renewables: US farm-based anaerobic digestion and RNG developer with a strong offtake portfolio to energy utilities and food companies; similar business model of partnering with major offtakers and feedstock holders to underwrite long-tenor CBG/RNG contracts.
- Clean Energy Fuels Corp: US-listed RNG producer with an extensive dairy and organic-waste-to-RNG platform; a useful international comparable for GPS Renewables' CBG/RNG offtake economics and project economics.
- Brightmark RNG: US RNG project developer turning dairy, food, and organic waste into pipeline-quality natural gas; comparable technology platform and project-development model relevant to GPS Renewables' international RNG ambitions.
Broad incumbents
- Adani Group (Adani Green / TotalEnergies Adani): Large Indian renewable energy platform with biomass, CBG, and clean fuel initiatives, providing capital, EPC scale, and counterparty relationships that compete with GPS Renewables for PSU and Fortune 500 customers.
- Indian Oil Corporation Limited (IOCL): State-owned oil marketing company that is both a JV partner/offtaker for GPS Renewables and is building captive CBG capacity and ATJ/biomass projects through its R&D arm; an indirect competitor to GPS Renewables' CBG developer role despite the partnership.
- Fortum Oyj: European integrated energy utility with an established biogas and waste-to-energy business comparable to Proweps Envirotech's projects; signals the scale and margin profile available in mature RNG markets GPS Renewables could enter.
- Reliance Industries (Reliance Bio-Energy): Large Indian conglomerate with renewables, biogas, and emerging fuels ambitions including SAF and CBG, leveraging balance-sheet scale to compete for feedstock, offtake contracts, and policy support in India's bioenergy market.
- Wärtsilä (Waste-to-Energy / Biogas Solutions): Global technology and EPC provider with gas-engine and biogas/LFG-to-energy offerings that overlap with GPS Renewables' anaerobic digestion and gas upgrading scope, especially in international EPC bids.
Direct peers
- Praj Industries: India's leading biofuel and ethanol technology EPC firm supplying plant technology, EPC services, and turnkey solutions across ethanol, CBG, and SAF; overlaps with GPS Renewables' bioethanol, ethanol-to-jet, and CBG EPC work.
- EverEnviro Resource Management: Indian CBG and bio-CNG plant developer backed by Impact Investors and focused on municipal solid waste and agri-residue projects; competes head-to-head with GPS Renewables for PSU and municipal CBG mandates under the SATAT scheme.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GPS Renewables social profiles
Digital presenceGPS Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
GPS Renewables leadership team
Management profileNumber of profiles
Profiles6 records
GPS Renewables subsidiaries and ownership
Company hierarchySubsidiaries2 records
GPS Renewables funding detail
Funding detailFunding overview
Funding rounds4 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GPS Renewables M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GPS Renewables
What does GPS Renewables do?
GPS Renewables develops, finances, builds, and operates waste-to-biofuel plants that convert organic and agricultural waste into compressed biogas (CBG), BioCNG, renewable natural gas (RNG), bioethanol, and ethanol-to-jet sustainable aviation fuel (SAF). The company delivers turnkey projects primarily through joint ventures with state-owned oil marketing companies and EPC contracts with major energy corporations such as NTPC.
Is GPS Renewables a public or private company?
GPS Renewables is a private company. It is classified as venture growth investor backed and is currently operating.
When was GPS Renewables founded?
GPS Renewables was founded in 2012. It employs 11 to 50 people.
Where is GPS Renewables based?
GPS Renewables is headquartered in Bangalore, India, in the Asia region.
How does GPS Renewables make money?
Three revenue lines are on record. Biogas/CBG Plant Development and Operations are the primary driver. The others are EPC Contract Services and project Development Platform (GPSR Arya).
Who are GPS Renewables's main competitors?
Emerging players on record are Vanguard Renewables, Clean Energy Fuels Corp and Brightmark RNG. Broad incumbents are Adani Group (Adani Green / TotalEnergies Adani), Indian Oil Corporation Limited (IOCL), Fortum Oyj, Reliance Industries (Reliance Bio-Energy) and Wärtsilä (Waste-to-Energy / Biogas Solutions). Direct peers are Praj Industries and EverEnviro Resource Management.
Does GPS Renewables have an API?
No public API is recorded for GPS Renewables.
What industry is GPS Renewables in?
GPS Renewables's product category is Bioenergy and Renewable Fuels. Its primary akta.pro industry code is EUAAAEAH, Biogas/RNG Plant Development, EPC & Project Delivery, with a secondary code of EUAAAEAI, Biogas/RNG Plant Operations, Maintenance & Asset Management. Its NAICS code is 221210 and its SIC code is 4923.