About Onix Renewable
Onix Renewable is a company based in Rajkot (India) founded in 2007. Onix Renewable has raised $71.86 million across 4 funding rounds from investors including Ebisu Global Opportunities Fund, Al Maha Investment Fund and Bengal Finance and Investment. Onix Renewable operates in a competitive market with competitors including Acciona Energy, Mytrah Energy, Greenko Group, Azure Power and Avaada Group, among others.
- Headquarter Rajkot, India
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$71.86 M (USD)
in 4 rounds
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Latest Funding Round
$8.83 M (USD), Series B
Aug 11, 2025
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Investors
Ebisu Global Opportunities Fund
& 63 more
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Employee Count
Employee Count
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People of Onix Renewable
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Funding Insights of Onix Renewable
Onix Renewable has successfully raised a total of $71.86M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.83 million completed in August 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 4
- Last Round Series B — $8.8M
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First Round
First Round
(12 Mar 2024)
- Investors Count 64
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series B - Onix Renewable | Valuation |
investors |
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| Jan, 2025 | Amount | Series A - Onix Renewable | Valuation | Ebisu Global Opportunities Fund | |
| Aug, 2024 | Amount | Series B - Onix Renewable | Valuation | Kurjibhai Premjibhai Rupareliya |
Investors in Onix Renewable
Onix Renewable has secured backing from 64 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Ebisu Global Opportunities Fund, Al Maha Investment Fund and Bengal Finance and Investment.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Onix Renewable
Financial Statements - Onix Renewable
Onix Renewable Comparisons
Competitors of Onix Renewable
Onix Renewable 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 Acciona Energy, Mytrah Energy, Greenko Group, Azure Power and Avaada Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Wind and solar power projects are developed, owned, and operated.
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| domain | founded_year | HQ Location |
Energy transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Provider of independent power producer in the utility scale renewable energy
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| domain | founded_year | HQ Location |
Renewable energy projects in solar, wind, and storage are developed.
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| domain | founded_year | HQ Location |
Renewable energy power is produced independently by Adani Green Energy.
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Frequently Asked Questions about Onix Renewable
Onix Renewable was founded in 2007 and raised its 1st funding round 17 years after it was founded.
Onix Renewable is headquartered in Rajkot, India. It is registered at Rajkot, Gujarat, India.
Onix Renewable is a funded company, having raised a total of $71.86M across 4 funding rounds to date. The company's 1st funding round was a Series B of $33.4M, raised on Mar 12, 2024.
Provider of renewable energy solutions focused on solar and wind energy projects, including both utility-scale and residential applications. It offers a range of products such as solar modules, vertical axis wind turbines, energy storage systems, powerwall, inverters, and BESS. The companys end-to-end services span project development, system design, land acquisition, grid analysis, procurement, construction, installation, commissioning, and operations maintenance.
Onix Renewable's top competitors include Avaada Group, Hero Future Energies and Azure Power.
Onix Renewable has 64 investors. Key investors include Ebisu Global Opportunities Fund, Al Maha Investment Fund, Bengal Finance and Investment, Century India Opportunity Fund, and Jaydeep Nitinbhai Karia.
The valuation of Onix Renewable is $121.96M as of Aug 2024.