Former Citi Group MD Madan Kore joins advisory board of Repos – Ratan Tata-funded energy solutions company

Repos, a Ratan Tata-backed biofuels doorstep energy solution company has brought on board former Managing Director of Citi Group Madan Kore as part of its advisory board.

Kore brings over 40 years of deep experience to Tata-backed start-up Repos. He will advise the company on strategic direction and economic expansion matters and counsel founders Chetan and Aditi Walunj and Aparajit S on future growth strategies, the company said in a statement.

Ratan Tata, the Tata Group Chairman Emeritus invested an undisclosed sum in a pre-series A round of funding in their mobile fuel station concept which today has scaled up operations to add 220 cities across the country to its network.  

Since then, Repos has raised funds to the tune of Rs 560 million in a combination of equity and debt to fuel its growth as it provides doorstep fuel delivery with its 2,000-plus partners using the latest technologies such as IoT, AI and blockchain for a seamless energy distribution system.

The firm will leverage Kore's diverse expertise and experience ranging from regulatory policy to finance and growth as it takes the business to the next stage. 

“We are sure that with Kore on our Board, Repos will scale new heights as we work towards our goal of transforming energy distribution and the world moves towards a carbon-neutral future,”  said Aparajit S, Co-founder, of Repos.

Kore who was the Managing Director of Citigroup until his retirement in 2022 is also an alumnus of the Institute of Cost Accountants of India.