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.
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.
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.
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Renewable energy infrastructure is invested in by GEEREF fund.
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Commercial banking services are offered to corporate and retail customers.
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Provider of alternative asset management solutions focusing on credit and fixed income
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Investor details for SolarArise
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Investments & Acquisitions by SolarArise
Investment portfolio details for SolarArise
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- Transaction dates
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Financial Statements - SolarArise
Detailed financials for SolarArise
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- Profit trends
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Solararise Comparisons
Peer comparison for SolarArise
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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.
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Energy transition and decarbonization solutions are provided by Greenko Group.
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Renewable energy is developed, constructed, and marketed globally.
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Renewable energy projects in solar, wind, and storage are developed.
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Provider of independent power producer in the utility scale renewable energy
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Solar energy projects are developed for sustainable energy solutions.
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Renewable energy projects are developed for utility-scale and commercial use.
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Detailed competitors of SolarArise
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Latest news on Solararise
Complete news archive for SolarArise
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Frequently Asked Questions about SolarArise
SolarArise was founded in 2009 and raised its 1st funding round 5 years after it was founded.
SolarArise is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Vivek Narang is the current CEO of SolarArise.
SolarArise is a funded company, having raised a total of $65.13M across 3 funding rounds to date.
As of Sep 30, 2023, the latest employee count at SolarArise is 29.
Annual revenue of SolarArise is $19.1M as on Mar 31, 2022.
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.
SolarArise's top competitors include Avaada Group, Hero Future Energies and Azure Power.
SolarArise offers Solar Power Plants, Telangana I Plant, and Maharashtra I Plant.
SolarArise has 7 investors. Key investors include Kotak Mahindra Bank, Neo Asset Management, GEEREF, Anil Nayar, and James Abraham.
The valuation of SolarArise is $31.74M as of Aug 2016.