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Windforce Ventures
Windforce Ventures is a venture capital firm based in NYC, focusing on early-stage investments in social media and mobile technology. The firm is led by...
Windforce Ventures
Windforce Ventures is a venture capital firm based in NYC, focusing on early-stage investments in social media and mobile technology. The firm is led by investment professionals and social media technology entrepreneurs. Windforce Ventures provides in-house advisorship to support the growth of its portfolio companies.
General information
Firm type
Venture Capital
Year founded
2010
AUM
Undisclosed
Location
Region
North America
Country
Sri Lanka
City
Colombo
Corporate office
No. 334, T.B. Jayah Mawatha, Colombo 10, Sri Lanka
Sector focus
Frequently asked questions
Is WindForce a developer that flips projects, or does it hold and operate the plants?
WindForce operates as a long-term owner-operator. It retains full ownership and operational control of its plants, earning revenue through power purchase agreements with state utilities rather than exiting after construction. This balance-sheet model is central to its strategy across Sri Lanka, Pakistan, Uganda, and Ukraine.
What is WindForce's generation capacity and technology mix?
WindForce reports operating across three technologies — wind, solar, and mini-hydro. Its largest single-project commitment is the 100 MW Siyambalanduwa solar-plus-battery plant in Sri Lanka. The fleet includes utility-scale onshore wind farms in Puttalam, a 50 MW solar plant in Pakistan, and run-of-river hydro assets acquired through the Renewgen subsidiary.
How does WindForce fund its project pipeline?
WindForce went public on the Colombo Stock Exchange in 2021 with an IPO that was eight times oversubscribed. Since listing, it funds projects through a mix of equity, retained earnings, and project finance. Specific capital-stack details beyond the Siyambalanduwa headline figure are not publicly disclosed.
Does WindForce operate solely in Sri Lanka?
No. WindForce expanded internationally starting in 2017 with the Harappa Solar plant in Pakistan and has since commissioned projects in Uganda and Ukraine. Its current development portfolio remains weighted toward Sri Lanka, including floating solar and battery storage, while continuing to explore further global opportunities.
Is WindForce a pure-play renewable energy business?
Primarily, but not exclusively. Beyond power generation, WindForce has diversified into electric mobility through its SATVA subsidiary, which distributes VMOTO electric cycles, and through Bluesky EV, which handles electric vehicle conversions. The company also monetizes carbon emission reduction credits from its generation assets.
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