About Solaer
Solaer is an Energy & Utilities company based in Pozuelo De Alarcon (Spain) founded in 2011. Solar PV projects are developed, constructed, operated, and maintained. The company has since been acquired. Solaer offers products and services including Renewable Energy Projects and Power Purchase Agreements. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity in India is Savitar Solaer Power System Private Limited (U40106DL2010PTC206029). Its competitors include SolarMente, Solarpack and TSK Electronics and Electricity; 1 of its 3 listed competitors has raised funding.
Company details
Solaer was founded in 2011 as a developer in the solar photovoltaic sector. Projects are promoted, developed, constructed, operated, and maintained through a vertically integrated approach that delivers turnkey solutions. Nearly 400 MW of connected power is provided across more than 130 systems. Facilities are designed to ensure returns over 25 years, after which infrastructure can be dismantled with minimal environmental impact.
- Headquarters Pozuelo De Alarcon, Spain
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website solaer.net
- Social LinkedIn X
- Acquired by Solarpack (Sep 2022)
- Legal Name Savitar Solaer Power System Private Limited
- Date of Incorporation 20 Jul, 2010
- Jurisdiction New Delhi, Delhi, India
- Indian entity net loss-₹15,000
FY 2020 · 0% margin
- Indian entity EBITDA-₹15,000
FY 2020 · 0% margin
- Investors
Associated legal entities of Solaer
Solaer operates through Savitar Solaer Power System Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Savitar Solaer Power System Private Limited CIN U40106DL2010PTC206029 | Active | 20 Jul 2010 | New Delhi, Delhi | 2 | View details |
Products & Services of Solaer
Solaer offers a comprehensive portfolio of products and services, including Renewable Energy Projects and Power Purchase Agreements.
Development of solar and wind initiatives for decarbonization
Contracts for supplying renewable energy to partners
Investors in Solaer
Solaer has secured backing from 1 investor. Prominent investors backing the company include Solarpack.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Utility-scale solar photovoltaic projects are developed and managed globally. | 2005 | solarpack.es | Getxo, Spain |
Investor details for Solaer
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Board of directors of Savitar Solaer Power System Private Limited (Solaer)
Savitar Solaer Power System Private Limited is the primary company behind Solaer. The board of Savitar Solaer Power System Private Limited currently have 2 directors; the longest-serving is Pratosh Madeva Pai, appointed in 2021. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pratosh Madeva Pai DIN 09071700 | Additional Director | 15 Feb 2021 | 5 yrs 8 mo | Savitar Solaer Power System Private Limited |
| Amit Kumar DIN 02901193 | Additional Director | 15 Feb 2021 | 5 yrs 8 mo | Savitar Solaer Power System Private Limited |
Financials of Solaer
Figures of Savitar Solaer Power System Private Limited, the primary company behind Solaer, for FY 2020. Net loss was -₹15,000 (0% margin). EBITDA was -₹15,000 (0% margin). Revenue has grown at a compounded annual rate of -100% over five years.
- -₹15,000Net loss · 0% margin
- -₹15,000EBITDA · 0% margin
- ₹1.8 LakhPaid-up capital
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Savitar Solaer Power System Private Limited are on its company page.
Detailed financial statements for Solaer
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Timeline of Solaer
2 dated milestones of Solaer across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Solaer is founded.
- Exit Acquired by Solarpack.
Competitors of Solaer
Solaer has 3 listed competitors in our database, 1 of them funded. They include SolarMente, Solarpack and TSK Electronics and Electricity.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solarmente.es | 2019 | Barcelona, Spain | $55.25M | Solar panel installation services are provided in Barcelona, Spain. | ||
| solarpack.es | 2005 | Getxo, Spain | Utility-scale solar photovoltaic projects are developed and managed globally. | |||
| grupotsk.com | 1986 | Gijon, Spain | Solar engineering, procurement, and construction services are provided. |
Detailed competitors of Solaer
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Related news about Solaer
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Frequently Asked Questions about Solaer
Solaer was founded in 2011.
Solaer is headquartered in Pozuelo De Alarcon, Spain. It is registered at Pozuelo De Alarcon, Madrid, Spain.
Solaer was founded in 2011 as a developer in the solar photovoltaic sector. Projects are promoted, developed, constructed, operated, and maintained through a vertically integrated approach that delivers turnkey solutions. Nearly 400 MW of connected power is provided across more than 130 systems. Facilities are designed to ensure returns over 25 years, after which infrastructure can be dismantled with minimal environmental impact.
Solaer's top competitors include SolarMente, TSK Electronics and Electricity and Solarpack.
Solaer offers Renewable Energy Projects and Power Purchase Agreements.
Solaer has 1 investor. Key investors include Solarpack.
Solaer operates through Savitar Solaer Power System Private Limited.
Yes. Solaer was acquired by Solarpack in September 2022.
The legal entities of Solaer currently have 2 directors, including Pratosh Madeva Pai, Amit Kumar.