About Amplus Solar
Amplus Solar is a company based in Gurugram (India) founded in 2008 was acquired by PETRONAS in April 2019.. Amplus Solar has raised $7.16 million across 5 funding rounds from investors including I Squared Capital, UltraTech Cement and PETRONAS. Amplus Solar operates in a competitive market with competitors including Rays Power Infra, Fourth Partner Energy, SB Energy, Oriano Solar and Sterling And Wilson, among others.
- Headquarter Gurugram, India
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.16 M (USD)
in 5 rounds
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Latest Funding Round
$5.9 M (USD), Series A
Jan 24, 2024
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Investors
I Squared Capital
& 3 more
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Employee Count
Employee Count
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Acquired by
PETRONAS
(Apr 15, 2019)
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Funding Insights of Amplus Solar
Amplus Solar has successfully raised a total of $7.16M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $5.9 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $5.9M
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First Round
First Round
(13 Dec 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series A - Amplus Solar | Valuation |
investors |
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| Sep, 2016 | Amount | Series A - Amplus Solar | Valuation | Brightbridge Advisors |
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| Aug, 2015 | Amount | Seed - Amplus Solar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Amplus Solar
Amplus Solar has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include I Squared Capital, UltraTech Cement and PETRONAS. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Grey cement, ready-mix concrete, and white cement are manufactured.
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Founded Year | Domain | Location | |
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Investments are focused on infrastructure sectors like energy and transport.
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Brightbridge Advisors is engaged in private school admissions consulting.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Amplus Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Amplus Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Amplus Solar Comparisons
Competitors of Amplus Solar
Amplus Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rays Power Infra, Fourth Partner Energy, SB Energy, Oriano Solar and Sterling And Wilson, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Turnkey solar engineering, procurement, and construction solutions are provided.
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| domain | founded_year | HQ Location |
On-grid and off-grid solar solutions and products are provided.
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| domain | founded_year | HQ Location |
Solar energy projects are developed and managed globally.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Oriano Solar in India.
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| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Amplus Solar
Frequently Asked Questions about Amplus Solar
When was Amplus Solar founded?
Amplus Solar was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is Amplus Solar located?
Amplus Solar is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Amplus Solar a funded company?
Amplus Solar is a funded company, having raised a total of $7.16M across 5 funding rounds to date.
What does Amplus Solar do?
Amplus Solar was founded in 2008 in Gurugram, India, within the renewable energy sector. Solar installation services are offered, alongside expansions into battery storage, residential solar systems, distributed green hydrogen, solar-wind hybrids, and IREC solutions. Operations encompass solar generation, solar-plus-storage projects, wind energy, and green hydrogen production, with a focus on developing sustainable clean energy systems across various applications.
Who are the top competitors of Amplus Solar?
Amplus Solar's top competitors include Rays Power Infra, Fourth Partner Energy and Oriano Solar.
Who are Amplus Solar's investors?
Amplus Solar has 4 investors. Key investors include I Squared Capital, UltraTech Cement, PETRONAS, and Brightbridge Advisors.
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