About RelyOn Solar
RelyOn Solar is a company based in Pune (India) founded in 2010. RelyOn Solar has raised $1.28 million across 11 funding rounds from investors including Ranjana Gundu Sabde. The company has 7 employees as of April 07, 2024. RelyOn Solar offers products and services including Consulting, Project Execution, Operation & Maintenance, and Project Management. RelyOn Solar operates in a competitive market with competitors including Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
- Headquarter Pune, India
- Employees 7 as on 07 Apr, 2024
- 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 Relyon Solar Private Limited
- Date of Incorporation 13 Apr, 2010
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$2.64 M (USD)-52.67as on Mar 31, 2020
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Net Profit
-$517.71 K (USD)67.43as on Mar 31, 2020
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EBITDA
-$418.64 K (USD)58.48as on Mar 31, 2020
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Total Equity Funding
$1.28 M (USD)
in 11 rounds
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Latest Funding Round
$74.59 K (USD), Angel Round
Feb 23, 2017
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Investors
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Employee Count
7
as on Apr 07, 2024
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Products & Services of RelyOn Solar
RelyOn Solar offers a comprehensive portfolio of products and services, including Consulting, Project Execution, Operation & Maintenance, and Project Management.
Offers capacity determination, feasibility studies, and regulatory advice for solar projects.
Handles design, procurement, supply, and commissioning of solar power systems.
Provides preventive maintenance and remote monitoring for solar installations.
Includes onsite supervision and procurement outsourcing for solar projects.
Funding Insights of RelyOn Solar
RelyOn Solar has successfully raised a total of $1.28M across 11 strategic funding rounds. The most recent funding activity was a Angel Round of $74.59 thousand completed in February 2017. 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 RelyOn Solar
RelyOn Solar has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Ranjana Gundu Sabde.
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Ranjana Gundu Sabde |
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Investor details for RelyOn Solar
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Investments & Acquisitions by RelyOn Solar
Investment portfolio details for RelyOn Solar
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Financial Statements - RelyOn Solar
Detailed financials for RelyOn Solar
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Relyon Solar Comparisons
Peer comparison for RelyOn Solar
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Competitors of RelyOn Solar
RelyOn 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 Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
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Solar energy projects are developed and operated by Lightsource BP.
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Solar energy projects are developed for residential and commercial applications.
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On-grid and off-grid solar solutions and products are provided.
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EPC and MEP services are provided across diverse sectors.
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Provider of solar EPC, IPP services, and battery energy storage systems
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Provider of a range of solar products and services
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Detailed competitors of RelyOn Solar
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Latest news on Relyon Solar
Complete news archive for RelyOn Solar
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Frequently Asked Questions about RelyOn Solar
RelyOn Solar was founded in 2010 and raised its 1st funding round 1 year after it was founded.
RelyOn Solar is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
RelyOn Solar is a funded company, having raised a total of $1.28M across 11 funding rounds to date.
As of Apr 07, 2024, the latest employee count at RelyOn Solar is 7.
Annual revenue of RelyOn Solar is $2.64M as on Mar 31, 2020.
RelyOn Solar was founded in 2010 and is based in Pune, India. Operations focus on the solar energy sector, where solar systems are designed and installed, including street lights, rooftop setups for homes, off-grid power plants, and DC pumps. Projects totaling more than 870 kW in capacity have been completed as of August 2015.
RelyOn Solar's top competitors include Lightsource BP, Fourth Partner Energy and Freyr Energy.
RelyOn Solar offers Consulting, Project Execution, Operation & Maintenance, and Project Management.
RelyOn Solar has 1 investor. Key investors include Ranjana Gundu Sabde.
The valuation of RelyOn Solar is $14.8M as of Jul 2015.