About Claro Energy
Claro Energy is a company based in Delhi (India) founded in 2011 by Gaurav Kumar and Soumitra Mishra. Claro Energy has raised $3.58 million across 6 funding rounds from investors including RBL Bank, SIDBI Venture Capital and Powering Agriculture. Claro Energy operates in a competitive market with competitors including Ecozen Solutions, SunCulture, Futurepump, Spowdi and Sencera, among others.
- Headquarter Delhi, India
- Founders Gaurav Kumar, Soumitra Mishra
- Stage Minicorn
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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- Legal Name Claro Energy Private Limited
- Date of Incorporation 15 Jan, 2011
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$4.19 M (USD)97.68as on Mar 31, 2023
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Net Profit
$1.2 M (USD)194.96as on Mar 31, 2023
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EBITDA
-$1.03 M (USD)8.8as on Mar 31, 2023
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Total Equity Funding
$3.58 M (USD)
in 6 rounds
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Latest Funding Round
$2.21 M (USD), Series A
Sep 20, 2024
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Investors
RBL Bank
& 52 more
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Employee Count
Not available
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Funding Insights of Claro Energy
Claro Energy has successfully raised a total of $3.58M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.21 million completed in September 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.
Investors in Claro Energy
Claro Energy has secured backing from 53 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include RBL Bank, SIDBI Venture Capital and Powering Agriculture.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital management for SMEs and startups in India.
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Government-backed organization focused on advancing the agriculture sector.
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Commercial banking services for personal and business needs are provided.
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Investor details for Claro Energy
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Investments & Acquisitions by Claro Energy
Investment portfolio details for Claro Energy
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Financial Statements - Claro Energy
Detailed financials for Claro Energy
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Claro Energy Comparisons
Peer comparison for Claro Energy
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Competitors of Claro Energy
Claro Energy 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 Ecozen Solutions, SunCulture, Futurepump, Spowdi and Sencera, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture
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Solar-powered irrigation systems are provided to smallholder farmers.
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Designs, develop, and manufacture solar powered irrigation pumps
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Developer of solar powered water pump systems
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Heat-to-electricity devices and Stirling engines are developed for energy generation.
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Detailed competitors of Claro Energy
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Latest news on Claro Energy
Complete news archive for Claro Energy
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Frequently Asked Questions about Claro Energy
Claro Energy was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Claro Energy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Soumitra Mishra is the current CEO of Claro Energy. They have also founded this company.
Claro Energy is a funded company, having raised a total of $3.58M across 6 funding rounds to date.
Annual revenue of Claro Energy is $4.19M as on Mar 31, 2023.
Claro Energy was founded in 2011 in Delhi, India, and operates within the solar energy sector. Solar pumps have been installed across various states for drinking water, irrigation, purification, and aquaculture uses. Annual growth of 500 has been recorded, with pay-per-use models planned for Bihar and Uttar Pradesh. The Skoch Achiever Award was received in 2014 for contributions as an SME.
Claro Energy's top competitors include Ecozen Solutions, SunCulture and Agros.
Claro Energy has 53 investors. Key investors include RBL Bank, SIDBI Venture Capital, Powering Agriculture, Abhishek Jain, and Sushil Page.
The valuation of Claro Energy is $10.23M as of Jan 2018.