About Candi Solar
Candi Solar is an Energy & Utilities company based in Zurich (Switzerland) founded in 2017. It operates as a solar-as-a-service provider to small scale commercial and industrial customers. Candi Solar has raised $66 million across 9 funding rounds from investors including Norfund, responsAbility and STOA. Its chief executive is Philippe Flamand. Its Indian entity Candi Solar Private Limited reported revenue of ₹81.65 Cr. Candi Solar offers products and services including Solar Solutions, Financing Services, Engineering Services, and Performance Management. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Full-end Services. Its competitors include PLAN-B NET ZERO, Eniwa, Solexis, solarmotion and Powerblox and 3 more; 1 of its 8 listed competitors has raised funding.
Company details
Candi Solar was established in 2017 in Zurich, Switzerland, within the renewable energy sector. Rooftop solar systems are installed for small-scale commercial and industrial customers via a full-service model. The solar-as-a-service approach eliminates upfront investments and operational maintenance costs, with contracts limited to 10 years or shorter. Operations extend through partnerships such as Gaia Impact Fund, Nispera, UNICEF, and Rockford Solar India Pvt. Ltd.
- Headquarters Zurich, Switzerland
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website candi.solar
- Social LinkedIn
- Legal Name Candi Solar Ag
- Date of Incorporation 06 Nov, 2017
- Annual Revenue₹81.65 Cr
FY 2025 · +33% YoY
- Net Loss-₹2.15 Cr
FY 2025 · -3% margin
- EBITDA-₹34.3 Lakh
FY 2025 · 0% margin
- Total Equity Funding$66M (USD)
in 9 rounds
- Latest Funding Round$58.5M (USD), Debt – Conventional
Nov 2025
- InvestorsNorfund
& 9 more
Associated legal entities of Candi Solar
Candi Solar is associated with 2 registered companies on The Company Check; the primary company is Candi Solar Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Candi Solar Private Limited CIN U40106PB2017PTC066011 | Active | 06 Nov 2017 | Mohali, Punjab | ₹81.6 Cr | 66 | 3 | View details |
| Candi Solar Private Limited CIN U40106CH2017PTC041766 | Active | 06 Nov 2017 | Chandigarh, India | $828,000 | – | – | View details |
Products & Services of Candi Solar
Candi Solar offers a comprehensive portfolio of products and services, including Solar Solutions, Financing Services, Engineering Services, and Performance Management.
Customized solar and battery installations for business energy needs
Zero-risk financing options for solar projects without upfront costs
Complete solar system installation and setup processes
Ongoing management for optimal energy performance and reliability
Funding Insights of Candi Solar
Candi Solar has successfully raised a total of $66M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $58.5 million completed in November 2025. 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 $66M
- Total Rounds 9
- Last Round Debt – Conventional — $58.5M
- Investors Count 10
All 9 funding rounds of Candi Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
10 investors in total: 10 institutional.
Investors in Candi Solar
Candi Solar has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Norfund, responsAbility and STOA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management firm and venture capital fund focused on multiple sectors | – | triplejump.eu | Amsterdam, Netherlands | |
Africa's climate venture builder focused on sustainable impact. | 2012 | persistent.energy | Nairobi, Kenya | |
It invests in developing countries to create jobs and improve lives | 1998 | norfund.no | Oslo, Norway | |
Private equity investment firm | 2003 | responsability.com | Zurich, Switzerland | |
Private equity and funds of funds | – | bio-invest.be | Brussels, Belgium | |
Infrastructure fund focused on energy, telecom, transport, social infra, and wastewater sectors | – | stoainfraenergy.com | Paris, France | |
Gaia Impact is focused on impact investments in renewable energy. | – | gaiaimpact.com | Paris, France | |
Offers investments and support in renewable energy and agriculture sectors. | 2016 | electrifi.eu | Brussels, Belgium | |
- | – | kyuden-intl.co.jp | - | |
IFC is focused on private sector development in emerging markets. | – | ifc.org | - |
Investor details for Candi Solar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Candi Solar Private Limited (Candi Solar)
Candi Solar Private Limited is the primary company behind Candi Solar. The board of Candi Solar Private Limited currently have 3 directors; the longest-serving is Nishant Sood, appointed in 2020. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nishant Sood DIN 07487862 | Managing Director | 16 Jul 2020 | 6 yrs 3 mo | Candi Solar Private Limited |
| Fabio Eucalipto DIN 08788258 | Director | 16 Jul 2020 | 6 yrs 3 mo | Candi Solar Private Limited |
| Bruno Martin J Rauis DIN 10559515 | Director | 22 Apr 2024 | 2 yrs 5 mo | Candi Solar Private Limited |
People of Candi Solar
18 people are tracked at Candi Solar (9 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Philippe Flamand | CEO | Leadership |
| Managing Director | Leadership | |
| Finance Director, | Leadership | |
Chris Brosz | Global Head Of Engineering | Leadership |
Rajib Roy Choudhary | India Head Of Business Development | Leadership |
Rodrigo Weiss | Asset Management Director, | Leadership |
Anthony Vaissade | Global Head Of Business Development | Leadership |
Chetan Bane | Vice President - Asset Management | Leadership |
Carryn Malherbe | Head Of People & Culture | Leadership |
Conrad Coertze | Solar Solutions Lead | Team |
Thaine Sasman | Asset Management Lead | Team |
Daniel Willemse | Product Engineer | Team |
Shailee Chaney | Senior Officer - People And Culture | Team |
Sachin Pophale | Assistant Manager | Team |
Annika Pretorius | Solar Solutions Engineer | Team |
Andre Nienaber | Field Technician | Team |
Dylan Kriel | Structuring | Team |
Ramesh G | Manager Project Management | Team |
Complete people profiles for Candi Solar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Candi Solar
Figures of Candi Solar Private Limited, the primary company behind Candi Solar, for FY 2025. Revenue was ₹81.65 Cr (+33% year on year). Net loss was -₹2.15 Cr (-3% margin). EBITDA was -₹34.3 Lakh (0% margin). Revenue has grown at a compounded annual rate of +136% over three years and +123% over five years.
- ₹81.65 CrRevenue · FY 2025 · +33% YoY
- -₹2.15 CrNet loss · -3% margin
- -₹34.3 LakhEBITDA · 0% margin
- ₹2.85 CrPaid-up capital
- 66Employees (provident fund records)
- +136%Revenue CAGR, 3 years
- +123%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Candi Solar Private Limited are on its company page.
Detailed financial statements for Candi Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Candi Solar
3 dated milestones of Candi Solar across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Candi Solar is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $58.5M.
Competitors of Candi Solar
Candi Solar has 8 listed competitors in our database, 1 of them funded. They include PLAN-B NET ZERO, Eniwa, Solexis, solarmotion and Powerblox, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| planbnetzero.com | 2022 | Zug, Switzerland | $15.59M | – | Sustainable energy solutions including photovoltaics and charging infrastructure are provided. | |
| eniwa.ch | 1893 | Buchs, Switzerland | – | – | Energy provider delivering electricity, gas, renewable energy, and digital services to customers. | |
| solexis.ch | 2010 | – | – | – | Distributes and advises on photovoltaic solutions, combining solar power with heat production systems, and provides related engineering services | |
| solarmotion.ch | 2016 | St. Gallen, Switzerland | – | – | Photovoltaic systems, energy management, and electric mobility solutions are provided. | |
| power-blox.com | 2015 | Frick, Switzerland | – | – | Delivers comprehensive solar services for commercial and residential clients. | |
| swiss-photovoltaik.ch | 2012 | Oberriet, Switzerland | – | – | Solar PV modules are manufactured by Swiss Photovoltaik in Switzerland. | |
| eusolar.ch | 2013 | Camorino, Switzerland | – | – | Designs and installs renewable energy systems including solar, geothermal, and LED lighting. | |
| energietechnikch.ch | 2024 | Schaffhausen, Switzerland | – | – | Provides heating system installations, solar energy solutions, and sanitation services. |
Detailed competitors of Candi Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Candi Solar
The website of Candi Solar (candi.solar) receives about 7K visits a month.
- Monthly visits7K
▼ 23.6% vs previous month
Websites whose visitors overlap most with Candi Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ecosoch.com | 100% | 3.3K | #5,427,316 | View details |
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Candi Solar (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Candi Solar
Candi Solar was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Candi Solar is headquartered in Zurich, Switzerland.
Philippe Flamand is the current CEO of Candi Solar.
Candi Solar is a funded company, having raised a total of $66M across 9 funding rounds to date.
The primary company behind Candi Solar, Candi Solar Private Limited, reported revenue of ₹81.65 Cr for FY 2025, up 33% year on year.
Candi Solar was established in 2017 in Zurich, Switzerland, within the renewable energy sector. Rooftop solar systems are installed for small-scale commercial and industrial customers via a full-service model. The solar-as-a-service approach eliminates upfront investments and operational maintenance costs, with contracts limited to 10 years or shorter. Operations extend through partnerships such as Gaia Impact Fund, Nispera, UNICEF, and Rockford Solar India Pvt. Ltd.
Candi Solar's top competitors include Solexis, PLAN-B NET ZERO and solarmotion.
Candi Solar offers Solar Solutions, Financing Services, Engineering Services, and Performance Management.
Candi Solar has 10 investors. Key investors include Norfund, responsAbility, STOA, Gaia Impact, and Triple Jump.
Candi Solar operates through Candi Solar Private Limited.
The legal entities of Candi Solar currently have 3 directors, including Nishant Sood, Fabio Eucalipto, Bruno Martin J Rauis.