About SolarArise
SolarArise is a company based in Gurugram (India) founded in 2009 by Anil Nayar was acquired by Neo Asset Management in August 2025.. SolarArise has raised $65.13 million across 3 funding rounds from investors including Kotak Mahindra Bank, Neo Asset Management and GEEREF. The company has 29 employees as of September 30, 2023. SolarArise offers products and services including Solar Power Plants, Telangana I Plant, and Maharashtra I Plant. SolarArise operates in a competitive market with competitors including Greenko Group, Acciona Energy, Avaada Group, Azure Power and ACME Group, among others.
- Headquarter Gurugram, India
- Employees 29 as on 30 Sep, 2023
- Founders Anil Nayar
- Stage Minicorn
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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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Annual Revenue
$19.1 M (USD)25as on Mar 31, 2022
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Net Profit
$-4.73 M (USD)-4as on Mar 31, 2022
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EBITDA
$14.46 M (USD)20as on Mar 31, 2022
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Total Equity Funding
$65.13 M (USD)
in 3 rounds
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Latest Funding Round
$15.76 M (USD), Series A
Aug 23, 2016
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Investors
Kotak Mahindra Bank
& 6 more
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Employee Count
29
as on Sep 30, 2023
- Acquired by
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Products & Services of SolarArise
SolarArise offers a comprehensive portfolio of products and services, including Solar Power Plants, Telangana I Plant, and Maharashtra I Plant. 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.
Develops and operates large-scale photovoltaic stations for clean electricity
12 MW photovoltaic power station commissioned in Telangana for energy supply
67.2 MW photovoltaic power station in Maharashtra for renewable power
Funding Insights of SolarArise
SolarArise has successfully raised a total of $65.13M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15.76 million completed in August 2016. 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 3
- Last Round Series A — $15.8M
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First Round
First Round
(01 Oct 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series A - SolarArise | Valuation | GEEREF | |
| Jun, 2015 | Amount | Series A - SolarArise | Valuation | Kotak Mahindra Bank | |
| Oct, 2014 | Amount | Series A - SolarArise | Valuation | Kotak Mahindra Bank |
| 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 SolarArise
SolarArise has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Kotak Mahindra Bank, Neo Asset Management and GEEREF. 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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Renewable energy infrastructure is invested in by GEEREF fund.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to corporate and retail customers.
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Founded Year | Domain | Location | |
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Provider of alternative asset management solutions focusing on credit and fixed income
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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 SolarArise
| 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 - SolarArise
| 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 |
Solararise Comparisons
Competitors of SolarArise
SolarArise 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 Greenko Group, Acciona Energy, Avaada Group, Azure Power and ACME Group, 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 transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Renewable energy projects in solar, wind, and storage are developed.
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| domain | founded_year | HQ Location |
Provider of independent power producer in the utility scale renewable energy
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| domain | founded_year | HQ Location |
Solar energy projects are developed for sustainable energy solutions.
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| domain | founded_year | HQ Location |
Renewable energy projects are developed for utility-scale and commercial use.
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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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Latest news on Solararise
Frequently Asked Questions about SolarArise
When was SolarArise founded?
SolarArise was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is SolarArise located?
SolarArise is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of SolarArise?
Vivek Narang is the current CEO of SolarArise.
Is SolarArise a funded company?
SolarArise is a funded company, having raised a total of $65.13M across 3 funding rounds to date. The company's 1st funding round was a Series A of $32.64M, raised on Oct 01, 2014.
How many employees does SolarArise have?
As of Sep 30, 2023, the latest employee count at SolarArise is 29.
What is the annual revenue of SolarArise?
Annual revenue of SolarArise is $19.1M as on Mar 31, 2022.
What does SolarArise do?
SolarArise was founded in 2009 and is headquartered in Gurugram, India. Operations focus on the renewable energy sector, where solar power plants are developed and maintained nationwide. Abandoned land is transformed into facilities for generating affordable clean energy. The company oversees multiple projects, supporting Indias solar infrastructure through systematic development and management processes.
Who are the top competitors of SolarArise?
SolarArise's top competitors include Avaada Group, Hero Future Energies and Azure Power.
What products or services does SolarArise offer?
SolarArise offers Solar Power Plants, Telangana I Plant, and Maharashtra I Plant.
Who are SolarArise's investors?
SolarArise has 7 investors. Key investors include Kotak Mahindra Bank, Neo Asset Management, GEEREF, Anil Nayar, and James Abraham.
What is SolarArise's valuation?
The valuation of SolarArise is $31.74M as of Aug 2016.