About Solaire Direct
Solaire Direct is a company based in Paris (France) founded in 2006 by Jean Pascal Pham Ba was acquired by Engie in July 2015.. Solaire Direct has raised $340.95 million across 7 funding rounds from investors including Schneider Electric, State Bank of India and IDFC First Bank. The company has 1 employees as of April 05, 2024. Solaire Direct operates in a competitive market with competitors including SPIE, TotalEnergies, NewHeat, Vergnet and Solstyce, among others.
- Headquarter Paris, France
- Employees 1 as on 05 Apr, 2024
- Founders Jean Pascal Pham Ba
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ujjvalatejas Solaire Urja Private Limited
- Date of Incorporation 22 Aug, 2014
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$3.13 M (USD)2.91as on Mar 31, 2023
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Net Profit
$-187.69 K (USD)-63.63as on Mar 31, 2023
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EBITDA
$2.55 M (USD)-0.97as on Mar 31, 2023
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Total Equity Funding
$340.95 M (USD)
in 7 rounds
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Latest Funding Round
$100.63 M (USD), Debt – Conventional
Feb 22, 2017
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Investors
Schneider Electric
& 17 more
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Employee Count
1
as on Apr 05, 2024
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Acquired by
Engie
(Jul 01, 2015)
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Funding Insights of Solaire Direct
Solaire Direct has successfully raised a total of $340.95M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100.63 million 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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $100.6M
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First Round
First Round
(01 Mar 2007)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Debt – Conventional - Solaire Direct | Valuation |
investors |
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| Jan, 2014 | Amount | Debt – Conventional - Solaire Direct | Valuation |
investors |
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| Jan, 2014 | Amount | Series D - Solaire Direct | Valuation |
investors |
| 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 Solaire Direct
Solaire Direct has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Schneider Electric, State Bank of India and IDFC First Bank. 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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TechFund is engaged in funding and supporting technology startups.
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Founded Year | Domain | Location | |
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Demeter is recognized as a major European investor in venture capital and private equity for energy and ecological transition.
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Founded Year | Domain | Location | |
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Commercial bank
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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 Solaire Direct
| 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 - Solaire Direct
| 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 |
Solaire Direct Comparisons
Competitors of Solaire Direct
Solaire Direct 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 SPIE, TotalEnergies, NewHeat, Vergnet and Solstyce, 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 |
SPIE is recognized as a leading European provider of multi-technical services in energy and communications.
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| domain | founded_year | HQ Location |
TotalEnergies is engaged in producing and marketing multi-energy solutions.
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| domain | founded_year | HQ Location |
Solar heat and waste heat recovery solutions are provided.
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| domain | founded_year | HQ Location |
Renewable Energy developers
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| domain | founded_year | HQ Location |
Turnkey solar solutions are delivered for PV plants and rooftops.
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| domain | founded_year | HQ Location |
Renewable energy power plants are developed and operated globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Solaire Direct
Frequently Asked Questions about Solaire Direct
When was Solaire Direct founded?
Solaire Direct was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Solaire Direct located?
Solaire Direct is headquartered in Paris, France.
Is Solaire Direct a funded company?
Solaire Direct is a funded company, having raised a total of $340.95M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $51.7M, raised on Mar 01, 2007.
How many employees does Solaire Direct have?
As of Apr 05, 2024, the latest employee count at Solaire Direct is 1.
What is the annual revenue of Solaire Direct?
Annual revenue of Solaire Direct is $3.13M as on Mar 31, 2023.
What does Solaire Direct do?
Solairedirect was founded in 2006 and is headquartered in Paris, France. Operations focus on the solar energy sector as an independent power producer and engineering, procurement, and construction provider. Solar farms are owned and managed across France, India, the United States, Latin America, and other regions. An investment management division oversees percentage stakes in developed solar assets.
Who are the top competitors of Solaire Direct?
Solaire Direct's top competitors include TotalEnergies, SPIE and Vergnet.
Who are Solaire Direct's investors?
Solaire Direct has 18 investors. Key investors include Schneider Electric, State Bank of India, IDFC First Bank, Macif, and ENGIE.