About Ellipsol
Ellipsol is a company based in Gurugram (India) founded in 2022 by Kaustubh Tyagi and Samarth Jain. Ellipsol has raised $304.76 thousand across 1 funding round from investors including Credit Fair, Anicut Capital and Texport. Ellipsol offers products and services including AI-powered Solar Reflectors and Retrofittable Device. Ellipsol operates in a competitive market with competitors including SolarCity, Sunnova, Sunrun, SunPower and SolarSquare, among others.
- Headquarter Gurugram, India
- Founders Kaustubh Tyagi, Samarth Jain
- 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 Ellipsol Systems Private Limited
- Date of Incorporation 21 Feb, 2023
- Jurisdiction Badshahpur, Haryana, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$304.76 K (USD)
in 1 rounds
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Latest Funding Round
$304.76 K (USD), Seed
Apr 13, 2023
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Investors
Credit Fair
& 5 more
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Employee Count
Not available
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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.
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.
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.
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Venture capital funding is provided to Indian startups.
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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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Solar financing solutions are provided by Credit Fair in India.
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Investor details for Ellipsol
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Ellipsol
Investment portfolio details for Ellipsol
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- Transaction dates
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Financial Statements - Ellipsol
Detailed financials for Ellipsol
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- Profit trends
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Ellipsol Comparisons
Peer comparison for Ellipsol
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- Named peers
- Headcount comparison
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Competitors of Ellipsol
Ellipsol 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 SolarCity, Sunnova, Sunrun, SunPower and SolarSquare, among others.
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Solar power systems are designed, financed, and installed for clients.
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Solar services are provided to residential and commercial customers.
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Solar energy services are provided to residential customers nationwide.
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Silicon-based solar PV modules are manufactured for diverse applications.
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Provider of solar panel installation services
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Clean energy consulting and services are offered to support sustainability.
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Detailed competitors of Ellipsol
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Latest news on Ellipsol
Complete news archive for Ellipsol
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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.
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.