About SolarSquare
SolarSquare is a company based in Mumbai (India) founded in 2015 by Shreya Mishra, Nikhil Nahar, and Neeraj Jain.. SolarSquare has raised $61.07 million across 4 funding rounds from investors including Lightspeed Venture Partners, Lightrock and Gruhas. The company has 699 employees as of February 27, 2025. SolarSquare has completed 1 acquisition, including PV Diagnostics. SolarSquare operates in a competitive market with competitors including SolarCity, Sunrun, Sunnova, SunPower and Vivint Solar, among others.
- Headquarter Mumbai, India
- Employees 699 as on 27 Feb, 2025
- Founders Shreya Mishra, Nikhil Nahar, Neeraj Jain
- 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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- Legal Name Solarsquare Energy Private Limited
- Date of Incorporation 08 May, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$20.81 M (USD)64.27as on Mar 31, 2024
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Net Profit
$-8.07 M (USD)-129.75as on Mar 31, 2024
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EBITDA
$-5.75 M (USD)-68.13as on Mar 31, 2024
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Total Equity Funding
$61.07 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series B
Dec 11, 2024
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Investors
Lightspeed Venture Partners
& 44 more
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Employee Count
699
as on Feb 27, 2025
- Investments & Acquisitions
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Funding Insights of SolarSquare
SolarSquare has successfully raised a total of $61.07M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in December 2024. 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 4
- Last Round Series B — $40.0M
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First Round
First Round
(23 Sep 2021)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series B - SolarSquare | Valuation | Lightspeed Venture Partners | |
| Oct, 2023 | Amount | Series A - SolarSquare | Valuation | Rainmatter | |
| Jul, 2022 | Amount | Series A - SolarSquare | Valuation | Elevation Capital , Lowercarbon Capital |
| 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 SolarSquare
SolarSquare has secured backing from 45 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Lightrock and Gruhas. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage companies generating scalable impact.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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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 SolarSquare
SolarSquare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PV Diagnostics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Solar installations are handled for residential and commercial clients.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SolarSquare
| 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 |
Solarsquare Comparisons
Competitors of SolarSquare
SolarSquare 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 SolarCity, Sunrun, Sunnova, SunPower and Vivint Solar, 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 |
Solar power systems are designed, financed, and installed for clients.
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| domain | founded_year | HQ Location |
Solar energy services are provided to residential customers nationwide.
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Provider of solar installation and designing services for residential
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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 Solarsquare
Frequently Asked Questions about SolarSquare
When was SolarSquare founded?
SolarSquare was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is SolarSquare located?
SolarSquare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is SolarSquare a funded company?
SolarSquare is a funded company, having raised a total of $61.07M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12.53M, raised on Sep 23, 2021.
How many employees does SolarSquare have?
As of Feb 27, 2025, the latest employee count at SolarSquare is 699.
What is the annual revenue of SolarSquare?
Annual revenue of SolarSquare is $20.81M as on Mar 31, 2024.
What does SolarSquare do?
SolarSquare was founded in 2015 in Mumbai, India, within the renewable energy sector. Operations focus on the design, installation, and maintenance of solar panel systems that convert sunlight into electricity. Services extend to residential homes, housing societies, and commercial entities. Financing options are offered, and support is provided for government subsidy applications on residential projects.
Who are the top competitors of SolarSquare?
How many acquisitions has SolarSquare made?
SolarSquare has made 1 acquisition, including PV Diagnostics.
Who are SolarSquare's investors?
SolarSquare has 45 investors. Key investors include Lightspeed Venture Partners, Lightrock, Gruhas, GoMassive, and Symphony International Holdings.
What is SolarSquare's valuation?
The valuation of SolarSquare is $215.59M as of Dec 2024.
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