About SolarSquare
SolarSquare is a company based in Mumbai (India) founded in 2015 by Shreya Mishra, Nikhil Nahar, and Neeraj Jain. SolarSquare has raised $114.07 million across 5 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
$114.07 M (USD)
in 5 rounds
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Latest Funding Round
$53 M (USD), Series C
Jun 16, 2026
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Investors
Lightspeed Venture Partners
& 46 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 $114.07M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $53 million completed in June 2026. 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 SolarSquare
SolarSquare has secured backing from 47 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Lightrock and Gruhas.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Investments are directed toward growth-stage companies generating scalable impact.
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Elevation Capital is focused on early-stage tech investments in India.
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Investor details for SolarSquare
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Investments & Acquisitions by SolarSquare
SolarSquare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PV Diagnostics.
Investment portfolio details for SolarSquare
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Solar installations are handled for residential and commercial clients.
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Complete acquisition details for SolarSquare
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Financial Statements - SolarSquare
Detailed financials for SolarSquare
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Solarsquare Comparisons
Peer comparison for SolarSquare
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Solar power systems are designed, financed, and installed for clients.
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Solar energy services are provided to residential customers nationwide.
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Solar services are provided to residential and commercial customers.
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Silicon-based solar PV modules are manufactured for diverse applications.
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Provider of solar installation and designing services for residential
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Detailed competitors of SolarSquare
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Latest news on Solarsquare
Complete news archive for SolarSquare
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Frequently Asked Questions about SolarSquare
SolarSquare was founded in 2015 and raised its 1st funding round 6 years after it was founded.
SolarSquare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
SolarSquare is a funded company, having raised a total of $114.07M across 5 funding rounds to date.
As of Feb 27, 2025, the latest employee count at SolarSquare is 699.
Annual revenue of SolarSquare is $20.81M as on Mar 31, 2024.
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.
SolarSquare has made 1 acquisition, including PV Diagnostics.
SolarSquare has 47 investors. Key investors include Lightspeed Venture Partners, Lightrock, Gruhas, GoMassive, and Symphony International Holdings.
The valuation of SolarSquare is $215.59M as of Dec 2024.