About Ellipsol
Ellipsol is an Energy & Utilities company based in Gurugram (India) founded in 2022 by Kaustubh Tyagi and Samarth Jain. It operates as a solar photovoltaic power panels are supplied for renewable energy applications. Ellipsol has raised $304.76 thousand across 1 funding round from investors including Credit Fair, Anicut Capital and Texport. Ellipsol was last valued at $1.22 million in April 2023. Its chief executive is Samarth Jain. Its Indian entity Ellipsol Systems Private Limited reported revenue of ₹5.4 Lakh. Ellipsol offers products and services including AI-powered Solar Reflectors and Retrofittable Device. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Full-end Services. Its competitors include SolarCity, Sunnova, Sunrun, SunPower and SolarSquare and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Ellipsol was established in 2022 in Gurugram, India, as a provider of solar photovoltaic power panels. Operations are centered on the renewable energy sector, with panels supplied for power generation needs. The company is co-founded by Kaustubh Tyagi and Samarth Jain, who oversee activities from the Indian base. Focus remains on delivering components for photovoltaic installations across relevant markets.
- Headquarters Gurugram, India
- Founders Kaustubh Tyagi, Samarth Jain
- Stage Minicorn
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website ellipsol.com
- Social LinkedIn YouTube
- Legal Name Ellipsol Systems Private Limited
- Date of Incorporation 21 Feb, 2023
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹5.4 Lakh
FY 2025 · -48% YoY
- Net Loss-₹54.2 Lakh
FY 2025 · -1011% margin
- EBITDA-₹52.4 Lakh
FY 2025 · -977% margin
- Total Equity Funding$304.76K (USD)
in 1 rounds
- Latest Funding Round$304.76K (USD), Seed
Apr 2023
- InvestorsCredit Fair
& 5 more
Associated legal entities of Ellipsol
Ellipsol operates through Ellipsol Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ellipsol Systems Private Limited CIN U72100HR2023PTC109551 | Active | 21 Feb 2023 | Gurgaon, Haryana | ₹0.1 Cr | 11 | 2 | View details |
Products & Services of Ellipsol
Ellipsol offers a comprehensive portfolio of products and services, including AI-powered Solar Reflectors and Retrofittable Device.
Uses AI to redirect sunlight and increase energy yield from PV systems.
Enhances existing solar panels without replacement for better output.
Apps and channels of Ellipsol
its YouTube channel RING has 18.4K subscribers and 30 videos.
Videos from Ellipsol
The most watched videos on Ellipsol's YouTube channel, RING (18.4K subscribers). Click a video to play it here.
More on RING.
Funding Insights of Ellipsol
Ellipsol has successfully raised a total of $304.76K through 1 strategic funding round. The most recent funding activity was a Seed round of $304.76 thousand completed in April 2023. 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 $304,755
- Total Rounds 1
- Last Round Seed — $304,755
- First Round $304,755
(Apr 2023)
- Investors Count 6
All 1 funding rounds of Ellipsol with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2023 | $304,755 | Seed | $1.22M | Capital A |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $1.22M | •••••••• |
Last known valuation $1.22M (Apr 2023). 6 investors in total: 4 institutional and 2 angel.
Investors in Ellipsol
Ellipsol has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Credit Fair, Anicut Capital and Texport.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to Indian startups. | – | capital-a.in | Bengaluru, India | |
Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India. | 2015 | anicutcapital.com | Chennai, India | |
Solar financing solutions are provided by Credit Fair in India. | 2018 | creditfair.in | Mumbai, India | |
Contract manufacturing of fabrics is handled by Texport in India. | 1978 | texport.com | Bengaluru, India | |
SR Sumeet R Bhalotia | - | – | unknown_3615bb3aa2344e019 | - |
AL Anand Ladsariya | - | – | unknown_cb3c9f59462448c89 | - |
Investor details for Ellipsol
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ellipsol Systems Private Limited (Ellipsol)
Ellipsol Systems Private Limited is the primary company behind Ellipsol. The board of Ellipsol Systems Private Limited currently have 2 directors; the longest-serving is Kaustubh Tyagi, appointed in 2023. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kaustubh Tyagi DIN 09574411 | Director | 21 Feb 2023 | 3 yrs 7 mo | Ellipsol Systems Private Limited |
| Samarth Jain DIN 08175022 | Director | 21 Feb 2023 | 3 yrs 7 mo | Ellipsol Systems Private Limited |
People of Ellipsol
2 people are tracked at Ellipsol (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Ellipsol
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ellipsol
Figures of Ellipsol Systems Private Limited, the primary company behind Ellipsol, for FY 2025. Revenue was ₹5.4 Lakh (-48% year on year). Net loss was -₹54.2 Lakh (-1011% margin). EBITDA was -₹52.4 Lakh (-977% margin).
- ₹5.4 LakhRevenue · FY 2025 · -48% YoY
- -₹54.2 LakhNet loss · -1011% margin
- -₹52.4 LakhEBITDA · -977% margin
- ₹1.2 LakhPaid-up capital
- 11Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ellipsol Systems Private Limited are on its company page.
Detailed financial statements for Ellipsol
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ellipsol
3 dated milestones of Ellipsol across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Ellipsol is founded.
- Funding First funding round of $305K.
- Milestone Reaches Minicorn status.
Competitors of Ellipsol
Ellipsol has 9 listed competitors in our database, 8 of them funded. They include SolarCity, Sunnova, Sunrun, SunPower and SolarSquare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solarcity.com | 2006 | San Mateo, United States | $1.28B | – | Solar power systems are designed, financed, and installed for clients. | |
| sunnova.com | 2010 | Houston, United States | $1.54B | 644 | Solar services are provided to residential and commercial customers. | |
| sunrun.com | 2007 | San Francisco, United States | $296.98M | 8,360 | Solar energy services are provided to residential customers nationwide. | |
| sunpower.com | 1985 | San Jose, United States | $171.73M | 1,889 | Silicon-based solar PV modules are manufactured for diverse applications. | |
| solarsquare.in | 2015 | Mumbai, India | $61.07M | 1,463 | Provider of solar panel installation services | |
| 3degreesinc.com | 2007 | San Francisco, United States | $9.98M | 182 | Clean energy consulting and services are offered to support sustainability. | |
| vivintsolar.com | 2011 | Lehi, United States | – | 2,357 | Provider of solar installation and designing services for residential | |
| holaluz.com | 2010 | Barcelona, Spain | $4.33M | – | Power retailing company | |
| oorjasolutions.org | 2016 | Delhi, India | $2.51M | – | Solar-powered irrigation and tech services for farmers are provided. |
Detailed competitors of Ellipsol
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Ellipsol (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 2.81 B | USD 17.62 K | 5,752 | |
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 111.38 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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Ellipsol
Complete news archive for Ellipsol
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ellipsol
Ellipsol was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Ellipsol is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Samarth Jain is the current CEO of Ellipsol. They have also founded this company.
Ellipsol is a funded company, having raised a total of $304.76K across 1 funding round to date. The company's 1st funding round was a Seed of $304.76K, raised on Apr 2023.
The primary company behind Ellipsol, Ellipsol Systems Private Limited, reported revenue of ₹5.4 Lakh for FY 2025, down 48% year on year.
Ellipsol was established in 2022 in Gurugram, India, as a provider of solar photovoltaic power panels. Operations are centered on the renewable energy sector, with panels supplied for power generation needs. The company is co-founded by Kaustubh Tyagi and Samarth Jain, who oversee activities from the Indian base. Focus remains on delivering components for photovoltaic installations across relevant markets.
Ellipsol offers AI-powered Solar Reflectors and Retrofittable Device.
Ellipsol has 6 investors. Key investors include Credit Fair, Anicut Capital, Texport, Capital A, and Sumeet R Bhalotia.
The valuation of Ellipsol is $1.22M as of Apr 2023.
Ellipsol operates through Ellipsol Systems Private Limited.
The legal entities of Ellipsol currently have 2 directors, including Kaustubh Tyagi, Samarth Jain.