About QuantSolar
QuantSolar is a company based in Hyderabad (India) founded in 2016 by Siddhant Agarwal.. QuantSolar has raised $817.82 thousand across 2 funding rounds from investors including Geetika Tiwari, Sun Power and Consultants and Mohan Kumar. The company has 56 employees as of August 03, 2024. QuantSolar offers products and services including FSPV Solutions, Site Feasibility Study, Design and Engineering, Installation and Commissioning, and Operation and Maintenance. QuantSolar operates in a competitive market with competitors including Sterling and Wilson, NTPC Renewable Energy, AK Crop, Sukhbir Agro Energy and Sunforest, among others.
- Headquarter Hyderabad, India
- Employees 56 as on 03 Aug, 2024
- Founders Siddhant Agarwal
- 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 Quantsolar Technologies Private Limited
- Date of Incorporation 22 Jun, 2016
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$4.04 M (USD)41.08as on Mar 31, 2024
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Net Profit
$360.47 K (USD)128.12as on Mar 31, 2024
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EBITDA
$578 K (USD)329.11as on Mar 31, 2024
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Total Equity Funding
$817.82 K (USD)
in 2 rounds
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Latest Funding Round
$64.46 K (USD), Angel Round
Sep 06, 2023
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Investors
Sun Power and Consultants
& 3 more
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Employee Count
56
as on Aug 03, 2024
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Products & Services of QuantSolar
QuantSolar offers a comprehensive portfolio of products and services, including FSPV Solutions, Site Feasibility Study, Design and Engineering, Installation and Commissioning, and Operation and Maintenance. 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.
Provides turnkey EPC for floating solar PV power plants.
Conducts assessments for floating solar project viability.
Offers plant layout and 3D modeling for solar installations.
Handles safe installation and performance testing of systems.
Provides monitoring and defect rectification for solar plants.
Funding Insights of QuantSolar
QuantSolar has successfully raised a total of $817.82K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $64.46 thousand completed in September 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $64,459
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First Round
First Round
(11 Feb 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Angel Round - QuantSolar | Valuation | Geetika Tiwari |
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| Feb, 2022 | Amount | Seed - QuantSolar | Valuation | Sun Power and Consultants |
| 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 QuantSolar
QuantSolar has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Geetika Tiwari, Sun Power and Consultants and Mohan Kumar. 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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Founded Year | Domain | Location | |
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GT
Geetika Tiwari |
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Founded Year | Domain | Location |
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MK
Mohan Kumar |
Managing Partner at Avataar Venture Partners, ex-Nokia, active angel investor
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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 QuantSolar
| 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 - QuantSolar
| 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 |
Quantsolar Comparisons
Competitors of QuantSolar
QuantSolar 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 Sterling and Wilson, NTPC Renewable Energy, AK Crop, Sukhbir Agro Energy and Sunforest, 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 |
Energy storage systems for renewables are designed and developed.
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| domain | founded_year | HQ Location |
Develops and manages solar, wind, energy storage, and green hydrogen initiatives in India.
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| domain | founded_year | HQ Location |
Delivers renewable energy projects, aviation support, water treatment, and infrastructure design services.
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| domain | founded_year | HQ Location |
Renewable energy solutions are provided via solar and waste-to-energy initiatives.
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| domain | founded_year | HQ Location |
Offers planning, engineering, and consulting for solar, wind, and energy storage projects.
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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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Frequently Asked Questions about QuantSolar
When was QuantSolar founded?
QuantSolar was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is QuantSolar located?
QuantSolar is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is QuantSolar a funded company?
QuantSolar is a funded company, having raised a total of $817.82K across 2 funding rounds to date. The company's 1st funding round was a Seed of $753.37K, raised on Feb 11, 2022.
How many employees does QuantSolar have?
As of Aug 03, 2024, the latest employee count at QuantSolar is 56.
What is the annual revenue of QuantSolar?
Annual revenue of QuantSolar is $4.04M as on Mar 31, 2024.
What does QuantSolar do?
QuantSolar was founded in 2016 and is headquartered in Hyderabad, India. The company operates within the renewable energy sector, where solar energy projects are developed and managed. Focus is placed on project initiation, execution, and deployment across Indian regions. Services encompass planning and implementation of solar installations, supporting sustainable energy infrastructure without extending beyond domestic operations.
Who are the top competitors of QuantSolar?
QuantSolar's top competitors include Sukhbir Agro Energy, Sterling and Wilson and NTPC Renewable Energy.
What products or services does QuantSolar offer?
QuantSolar offers FSPV Solutions, Site Feasibility Study, Design and Engineering, Installation and Commissioning, and Operation and Maintenance.
Who are QuantSolar's investors?
QuantSolar has 4 investors. Key investors include Geetika Tiwari, Sun Power and Consultants, Mohan Kumar, and Antrish.
What is QuantSolar's valuation?
The valuation of QuantSolar is $8M as of Sep 2023.
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