About Navitas Solar
Navitas Solar is a company based in Surat (India) founded in 2013 by Saurabh Aggarwal, Vineet Mittal, Aditya Singhania, and Ankit Singhania.. Navitas Solar has raised $9.85 million across 3 funding rounds from investors including Lemon Emerging Ventures, Adarsh Shah and Nikhil Shah. The company has 201 employees as of October 21, 2024. Navitas Solar offers products and services including Solar Panel, EVA Sheet, Solar EPC, and Solar RESCO. Navitas Solar operates in a competitive market with competitors including First Solar, Kyocera, Trina Solar, GREW and Goldi Solar, among others.
- Headquarter Surat, India
- Employees 201 as on 21 Oct, 2024
- Founders Saurabh Aggarwal, Vineet Mittal, Aditya Singhania, Ankit Singhania
- Stage Minicorn
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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 Navitas Green Solutions Private Limited
- Date of Incorporation 13 Feb, 2013
- Jurisdiction Surat, Gujarat, India
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Annual Revenue
$24.32 M (USD)25.52as on Mar 31, 2023
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Net Profit
$470.58 K (USD)-33.8as on Mar 31, 2023
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EBITDA
$1.7 M (USD)-0.21as on Mar 31, 2023
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Total Equity Funding
$9.85 M (USD)
in 3 rounds
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Latest Funding Round
$4.7 M (USD), Series A
Jul 21, 2025
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Investors
Lemon Emerging Ventures
& 34 more
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Employee Count
201
as on Oct 21, 2024
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Products & Services of Navitas Solar
Navitas Solar offers a comprehensive portfolio of products and services, including Solar Panel, EVA Sheet, Solar EPC, and Solar RESCO. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-efficiency modules for generating solar energy.
Encapsulation material used in solar panel manufacturing.
Engineering, procurement, and construction for renewable projects.
Investment-based renewable energy services with long-term contracts.
Funding Insights of Navitas Solar
Navitas Solar has successfully raised a total of $9.85M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.7 million completed in July 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 Total Funding
- Total Rounds 3
- Last Round Series A — $4.7M
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First Round
First Round
(30 Mar 2017)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series A - Navitas Solar | Valuation |
investors |
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| Feb, 2023 | Amount | Series A - Navitas Solar | Valuation | Lemon Emerging Ventures , Adarsh Shah |
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| Mar, 2017 | Amount | Angel Round - Navitas Solar | Valuation | Ankit Singhania |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Navitas Solar
Navitas Solar has secured backing from 35 investors, including venture fund and angel investors. Prominent investors backing the company include Lemon Emerging Ventures, Adarsh Shah and Nikhil Shah. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Manufacturing tech startups are invested in by Lemon Emerging Ventures.
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Founded Year | Domain | Location | |
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AS
Adarsh Shah |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Navitas Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Navitas Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Navitas Solar Comparisons
Competitors of Navitas Solar
Navitas 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 First Solar, Kyocera, Trina Solar, GREW and Goldi Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cadmium telluride-based flexible solar modules
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| domain | founded_year | HQ Location |
Kyocera is engaged in providing technology solutions globally.
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| domain | founded_year | HQ Location |
Photovoltaic cells for PV and smart energy solutions are developed.
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| domain | founded_year | HQ Location |
Provider of a range of solar products and services
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| domain | founded_year | HQ Location |
Manufacturer of solar PV modules
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| domain | founded_year | HQ Location |
Solar panels and power storage products are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Navitas Solar
Frequently Asked Questions about Navitas Solar
When was Navitas Solar founded?
Navitas Solar was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Navitas Solar located?
Navitas Solar is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Is Navitas Solar a funded company?
Navitas Solar is a funded company, having raised a total of $9.85M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $153.83K, raised on Mar 30, 2017.
How many employees does Navitas Solar have?
As of Oct 21, 2024, the latest employee count at Navitas Solar is 201.
What is the annual revenue of Navitas Solar?
Annual revenue of Navitas Solar is $24.32M as on Mar 31, 2023.
What does Navitas Solar do?
Navitas Solar was founded in 2013 in Surat, India, within the renewable energy sector. EVA sheets, Mono PERC modules, and high-efficiency TOPCon solar modules ranging from 40 to 720 watts are produced. Engineering, procurement, and construction services are offered for residential, commercial, and industrial projects, including rooftop installations and open-access solar parks.
Who are the top competitors of Navitas Solar?
Navitas Solar's top competitors include First Solar, Goldi Solar and Trina Solar.
What products or services does Navitas Solar offer?
Navitas Solar offers Solar Panel, EVA Sheet, Solar EPC, and Solar RESCO.
Who are Navitas Solar's investors?
Navitas Solar has 35 investors. Key investors include Lemon Emerging Ventures, Adarsh Shah, Nikhil Shah, Samir Shah, and Devang Rohit Shah.
What is Navitas Solar's valuation?
The valuation of Navitas Solar is $1.54M as of Mar 2017.