Pre-Series B Investment in a Climate & Energy Infrastructure Platform

The Transaction

A fast-growing India-based climate and energy infrastructure platform recently raised a Pre-Series B round, led by marquee domestic and global investors, to scale its asset-light financing and deployment model across distributed renewable energy projects.

The company operates at the intersection of clean energy, financing, and infrastructure enablement, supporting the transition to sustainable power by aggregating capital, technology, and execution partners for commercial and industrial customers.

Our Involvement

We advised an incoming investor on its participation in the round, providing end-to-end legal support across diligence, negotiation, and transaction structuring, with a sharp focus on downside protection and long-term governance rights.

Our mandate included:

• Review and negotiation of transaction documents, including the shareholders’ agreement and investment terms
• Identification of commercial and governance risks embedded in prior rounds and legacy documentation
• Structuring and strengthening investor rights, including: Board and information rights; Reserved matters and veto protections; Transfer restrictions and exit mechanics
• Deep review of liquidation preferences, anti-dilution provisions, and conversion mechanics, ensuring alignment with market standards and fund economics
• Flagging and resolving structural pitfalls, including inconsistencies between historical rounds and the proposed investment structure

Value Delivered

Our work enabled the investor to:

• Enter a complex, multi-round cap table with clarity and confidence
• Secure robust governance and economic protections without delaying the transaction timeline
• Mitigate future risks arising from misaligned preferences, consent thresholds, and legacy rights
• Close the investment on terms that balanced speed, protection, and long-term flexibility

Outcome

The transaction was successfully closed, strengthening the company’s capital base while ensuring that the investor’s rights were clearly articulated, enforceable, and future-proofed in a rapidly evolving regulatory and commercial environment.