Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy has secured long-term project financing of ₹1.3 billion (~$15 million) in debt from Aseem Infrastructure Finance for a portfolio of renewable energy projects in the commercial and industrial segment.

The financing will support multiple assets across the portfolio of August Energy India, a subsidiary of August Energy. The company said the funding from Aseem Infrastructure is its first asset-level long-term project financing in India.

TruBoard Cleantech, a digital-first ecosystem that provides asset lifecycle management, engineering, and procurement services for renewable energy projects, served as the advisor to August Energy for this transaction.

August Energy operates across Southeast Asia and India. It has also received financing from Aravest, Green Tower, Proparco, responsAbility Investments AG, PIDG Project Development, and other institutional capital providers.

This February, August Energy signed its first EaaS contract in India for a 1.5 GW solar module manufacturing facility near Jaipur, Rajasthan, marking its entry into integrated utility services for the country’s rapidly expanding solar manufacturing sector. Under the agreement, the company will invest approximately ₹80 million (~$883,072) in the facility and provide chilled-water cooling, compressed air, and uninterruptible power supply infrastructure under a 10-year contract.

Last July, Switzerland-based impact asset manager responsAbility invested $15 million (~₹1.28 billion) in August Energy on behalf of its investors. The funding enabled the company to expand its portfolio of distributed renewable energy projects in India.

The total global corporate solar funding dropped by 16% year-over-year in 2025, with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual and Q4 Solar Funding and M&A Report.

Announced debt financing during the year totaled $16.1 billion, 14% lower than $18.8 billion in 2024, and securitization deals totaled $3.4 billion across nine deals.