Key facts
- SolarSquare raised $53 million in a Series C funding round.
- The funding round was led by B Capital.
- The funds will be used for expansion into new cities.
- The funds will be used to enhance technology.
- The funds will be used to grow the team.
- SolarSquare is India's largest residential rooftop solar provider.
- The funding aims to scale the company's integrated home-energy platform.
SolarSquare, recognized as India's largest provider of residential rooftop solar solutions, has successfully closed a Series C funding round, raising $53 million. The round was spearheaded by B Capital, with participation from other investors. These newly acquired funds are designated to support SolarSquare's strategic growth initiatives. Key areas of investment include expanding the company's operational footprint into additional cities across India, further enhancing its technological capabilities to refine its integrated home-energy platform, and bolstering its team through strategic hiring. The company's objective is to significantly scale its operations and solidify its position in the residential solar market.