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Intellecap invests in clean energy

According to reports, Intellecap Impact Investment Network – I3N – has funded Coimbatore-based solar-agriculture start-up, Surya Power Magic. The investment has been made in syndication with Infuse Ventures, which is IIM-Ahmedabad’s clean tech-focussed fund. Surya Power Magic offers solar-based irrigation solutions for farmers. The money will be used to strengthen the second line of management, R&D, marketing and business development over the next 18-24 months.

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