About Loom Solar
Loom Solar is a company based in Faridabad (India) founded in 2018 by Amol Anand and Amod Anand. Loom Solar has raised $2 million across 1 funding round from investors including Social Investment Managers & Advisors. Loom Solar offers products and services including Solar Panel, Lithium Battery, Solar Inverter, and PV Module. Loom Solar operates in a competitive market with competitors including Pennar, SINTEF, Hanwha, Astronergy and SGL Carbon, among others.
- Headquarter Faridabad, India
- Founders Amol Anand, Amod Anand
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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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- Legal Name Loom Solar Pvt. Ltd.
- Date of Incorporation 11 Jul, 2018
- Jurisdiction Faridabad, Haryana, India
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Annual Revenue
$17.81 M (USD)181.1as on Mar 31, 2024
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Net Profit
$1.04 M (USD)222.69as on Mar 31, 2024
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EBITDA
$1.55 M (USD)304.48as on Mar 31, 2024
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Jan 17, 2023
- Investors
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Employee Count
Not available
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Products & Services of Loom Solar
Loom Solar offers a comprehensive portfolio of products and services, including Solar Panel, Lithium Battery, Solar Inverter, and PV Module.
Generates electricity from sunlight for homes and businesses.
Stores solar energy for reliable power supply.
Converts solar power for grid or hybrid systems.
Essential part for solar energy generation setups.
Funding Insights of Loom Solar
Loom Solar has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in January 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 Loom Solar
Loom Solar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Social Investment Managers & Advisors.
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Infrastructure fund focused on solar energy sector
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Investor details for Loom Solar
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Investments & Acquisitions by Loom Solar
Investment portfolio details for Loom Solar
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- Transaction dates
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Financial Statements - Loom Solar
Detailed financials for Loom Solar
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- Profit trends
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Loom Solar Comparisons
Peer comparison for Loom Solar
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Competitors of Loom Solar
Loom 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 Pennar, SINTEF, Hanwha, Astronergy and SGL Carbon, among others.
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Precision-engineered products and building solutions are manufactured.
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Applied research organization providing technology and innovation services across diverse sectors
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Manufacturer of solar cells, modules, and other related components
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Solar PV modules are manufactured by Astronergy in Haining, China.
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Graphite and composites-based materials and components are developed.
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Solar PV modules are manufactured by ET Solar.
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Detailed competitors of Loom Solar
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Latest news on Loom Solar
Complete news archive for Loom Solar
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Frequently Asked Questions about Loom Solar
Loom Solar was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Loom Solar is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
Loom Solar is a funded company, having raised a total of $2M across 1 funding round to date.
Annual revenue of Loom Solar is $17.81M as on Mar 31, 2024.
Loom Solar was founded in 2018 and is based in Faridabad, India. Operations focus on the renewable energy sector, where solar panels, inverters, and lithium-ion batteries are manufactured and resold. Additional products include solar batteries, on-grid and off-grid solar systems, MPPT charge controllers, and AC modules. Solutions are provided for residential, commercial, agricultural, and DIY applications across various sectors.
Loom Solar's top competitors include Pennar, SINTEF and Astronergy.
Loom Solar offers Solar Panel, Lithium Battery, Solar Inverter, and PV Module.
Loom Solar has 1 investor. Key investors include Social Investment Managers & Advisors.