Singapore based CCube Angels Network invests INR 5.47 crores in ALFA Transformers Ltd

CCube Angels Network, Singapore based angel investing network and a group of investors have announced that it has invested INR 5.47 crores in ALFA Transformers Limited. ALFA plans to utilize the investment for further expanding the manufacturing capacities, meet the working capital requirements and expand to sub-Sahara African and SAARC countries.

Vipin Aggarwal, Principal – CCube Angels Network said, “We at CCube Angels believe that ALFA Transformers offerings have great potential as we can see the increasing demand for amorphous transformers. ALFA Transformers has a rich experience in its industry, has great potential to expand globally.”

He further added that “The company has seen a shift from legacy transformers to amorphous transformers, which is a true example of the company’s broad mindset towards adopting new technologies and achieving the next level. We hope that the current investment will assist ALFA to further achieve its goals”.