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SolarSquare

SolarSquare Secures 100 Cr Series A Funding by Elevation Capital and Lowercarbon

Mumbai-based solar installation and financing start-up, SolarSquare has announced recently that it has raised Rs 100 crore in a Series A round majorly sponsored by Elevation Capital and Lowercarbon, Chris Sacca’s multibillion-dollar fund for climate-tech companies. Existing investors Good Capital, Rainmatter, and Better Capital, as well as angel investors like Vidit Atrey and Sanjeev Barnwal […]

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What The Renewable Industry Expects From Union Budget? 

Days ahead of the Union Budget 2024, the Indian renewable energy companies have pinned their hopes on the event. A number of green companies have shared their expectations from the budget. Several of them batted for attention of better taxation regime, working on the hurdles for the green companies and suggested several means that can […]

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Grew Appoints Hiten Parekh As Its New President (Global Sales)

Indian solar module manufacturer Grew has appointed Hiten Parekh as its new President (Global Sales). Grew was founded in 2022 and is backed by the legacy of the Chirpal Group.   “I am happy to share that I am starting a new position at GREW as President of Global Sales. GREW is Chiripal Group venture and […]

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Everything You Wanted To Know About India’s Biggest Rooftop Solar Scheme

Made For, Of and By India One of the biggest aspects of the PM Surya Ghar Scheme is the focus on mass markets, by limiting subsidies to systems upto 3kW in size. It is also meant to be a catalyst for India’s domestic manufacturing base for solar equipment, which has struggled to counter Chinese imports […]

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COVER STORY: Increased Govt Thrust Set To Give Rooftop Solar Financing A Fillip

Days after the announcement of PM Suryodaya Yojana on January 22, its impact was felt in different parts of the country. Several states, ministries, energy regulators and companies seem to be in a race to enable faster adoption of rooftop solar.  Union Minister for New and Renewable Energy already announced increasing subsidies for residential rooftop […]

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COVER STORY: Rooftop Solar Enters Mission Mode In India

The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […]

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Solar Startup Zunroof Struggles To Deliver On Promise

There were plenty of rooftop solar companies raising capital during the 2016-19 period. However, the fund inflow in such startups slowed down gradually and only a handful of them are in serious business. In fact, recent funding rounds for firms like Solar Square have been built around funding their customers.  One early pre-2020 startup is […]

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