B2C rooftop solar startup SolarSquare raised Rs 100 crore in Series A led by Elevation Capital

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B2C rooftop solar startup SolarSquare raised Rs 100 crore in Series A led by Elevation Capital and existing investor Lowercarbon — the US-based Chris Sacca’s climate-tech fund where other existing investors, including Good Capital, Rainmatter, and angels Vidit Atrey and Sanjeev Barnwal (Meesho) also participated.

SolarSquare, which allows customers to install and maintain rooftop solar systems, intends to use the funds to strengthen its embedded solar financing offering by obtaining an NBFC licence in the near future. Currently, it provides instant loans for solar rooftops through its NBFC partners. The startup purchases rooftop solar panels and inverters from third-party vendors, designs them in-house, and instals them according to consumer specifications, in addition to providing after-sales service.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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B2C rooftop solar startup SolarSquare raised Rs 100 crore in Series A led by Elevation Capital

B2C rooftop solar startup SolarSquare raised Rs 100 crore in Series A led by Elevation Capital and existing investor Lowercarbon — the US-based Chris Sacca’s climate-tech fund where other existing investors, including Good Capital, Rainmatter, and angels Vidit Atrey and Sanjeev Barnwal (Meesho) also participated.

SolarSquare, which allows customers to install and maintain rooftop solar systems, intends to use the funds to strengthen its embedded solar financing offering by obtaining an NBFC licence in the near future. Currently, it provides instant loans for solar rooftops through its NBFC partners. The startup purchases rooftop solar panels and inverters from third-party vendors, designs them in-house, and instals them according to consumer specifications, in addition to providing after-sales service.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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