About Rayzon Solar
Rayzon Solar is a company based in Surat (India) founded in 2017 by Hardik Kothiya. Rayzon Solar has raised $16.2 million across 1 funding round from investors including Sachin Tendulkar, Harshad Patel and Divyang Patel. The company has 1,009 employees as of January 27, 2025. Rayzon Solar operates in a competitive market with competitors including Kyocera, Trina Solar, Goldi Solar, Su-Kam Power Systems and Emmvee, among others.
- Headquarter Surat, India
- Employees 1009 as on 27 Jan, 2025
- Founders Hardik Kothiya
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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 Rayzon Solar Limited
- Date of Incorporation 20 Jun, 2022
- Jurisdiction Surat City, Gujarat, India
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Annual Revenue
$149.09 M (USD)105.6as on Mar 31, 2024
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Net Profit
$7.12 M (USD)157.49as on Mar 31, 2024
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EBITDA
$11.55 M (USD)150.43as on Mar 31, 2024
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Total Equity Funding
$16.2 M (USD)
in 1 rounds
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Latest Funding Round
$16.2 M (USD), Series A
Mar 25, 2025
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Investors
Vibrant Gujarat Industrial Directory
& 83 more
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Employee Count
1009
as on Jan 27, 2025
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People of Rayzon Solar
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Funding Insights of Rayzon Solar
Rayzon Solar has successfully raised a total of $16.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $16.2 million completed in March 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.
Investors in Rayzon Solar
Rayzon Solar has secured backing from 84 investors, including angel investors. Prominent investors backing the company include Sachin Tendulkar, Harshad Patel and Divyang Patel.
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Sachin Tendulkar |
Cricket legend, angel investor in Indian startups, philanthropist
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Harshad Patel |
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Divyang Patel |
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Investor details for Rayzon Solar
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Investments & Acquisitions by Rayzon Solar
Investment portfolio details for Rayzon Solar
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Financial Statements - Rayzon Solar
Detailed financials for Rayzon Solar
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Rayzon Solar Comparisons
Peer comparison for Rayzon Solar
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Competitors of Rayzon Solar
Rayzon 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 Kyocera, Trina Solar, Goldi Solar, Su-Kam Power Systems and Emmvee, among others.
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Kyocera is engaged in providing technology solutions globally.
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Photovoltaic cells for PV and smart energy solutions are developed.
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Manufacturer of solar PV modules
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Solar panels and power storage products are manufactured.
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Manufactures solar panels, water heaters, and turnkey solutions for renewable energy.
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Manufacturer of solar panel
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Detailed competitors of Rayzon Solar
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Latest news on Rayzon Solar
Complete news archive for Rayzon Solar
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Frequently Asked Questions about Rayzon Solar
Rayzon Solar was founded in 2017 and raised its 1st funding round 8 years after it was founded.
Rayzon Solar is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Amit Barve is the current CEO of Rayzon Solar.
Rayzon Solar is a funded company, having raised a total of $16.2M across 1 funding round to date.
As of Jan 27, 2025, the latest employee count at Rayzon Solar is 1,009.
Annual revenue of Rayzon Solar is $149.09M as on Mar 31, 2024.
Manufacturer of photovoltaic solar modules. Its an internationally renowned leading solar energy cost-effective befitting solutions provider having core competency in high-efficiency PV module manufacturing and providing wide range of EPC solutions.
Rayzon Solar's top competitors include Goldi Solar, Trina Solar and Kyocera.
Rayzon Solar has 84 investors. Key investors include Sachin Tendulkar, Harshad Patel, Divyang Patel, Talaviya Vaghajibhai, and Chirag Suhagiya.