CCube Angels Network, Singapore based angel investing network and a group of investors, has invested Rs 5.47 crores in ALFA Transformers Limited, a company engaged in manufacturing of power and distribution transformers. ALFA plans to utilise 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. 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.”