About SunBorne Energy
SunBorne Energy was an Energy & Utilities company based in Gurugram (India) founded in 2008 by Ram Chereddy. It produces solar PV and thermal energy solutions in India. It operates on a B2B model. SunBorne Energy has raised $23.26 million across 6 funding rounds from investors including State Bank of India, Canara Bank and International Finance Corporation. The company has 3 employees. Its Indian entity Sunborne Energy Services India Private Limited reported revenue of ₹1.19 Cr. The company is recorded as dissolved. Its focus areas include Energy, Renewable Energy, Solar Power and PV and Thermal Production. Its competitors include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten; 2 of its 3 listed competitors have raised funding.
Company details
SunBorne Energy produces solar pv and thermal energy solutions in india through working in the energy sector, promoting renewable energy, solar power, and pv and thermal production. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Gurugram, India
- Employees 3
- Founders Ram Chereddy
- SectorsEnergy & Utilities
- Website sunborneenergy.com
- Social X
- Legal Name Sunborne Energy Services India Private Limited
- Date of Incorporation 19 Mar, 2009
- Jurisdiction Delhi, India
- Annual Revenue₹1.19 Cr
FY 2024 · +52% YoY
- Net Loss-₹2.78 Cr
FY 2024 · -234% margin
- EBITDA-₹2.63 Cr
FY 2024 · -221% margin
- Total Equity Funding$23.26M (USD)
in 6 rounds
- Latest Funding Round$5M (USD), Series B
Jun 2012
- InvestorsState Bank of India
& 7 more
- Employee Count3
Associated legal entities of SunBorne Energy
SunBorne Energy operates through Sunborne Energy Services India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sunborne Energy Services India Private Limited CIN U74999DL2009FTC188629 | Active | 19 Mar 2009 | Delhi, Delhi | ₹1.2 Cr | 3 | 2 | View details |
Funding Insights of SunBorne Energy
SunBorne Energy has successfully raised a total of $23.26M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in June 2012. 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 $23.26M
- Total Rounds 6
- Last Round Series B — $5M
- First Round $5.15M
(Dec 2009)
- Investors Count 8
All 6 funding rounds of SunBorne Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2012 | $5M | Series B | – | – | – |
| Aug 2011 | $32M | Debt – Conventional | – | – | |
| Dec 2010 | $10M | Series B | – | – | |
| Nov 2010 | $3.11M | Series A | – | General Catalyst | – |
| Jun 2010 | Debt – Venture | – | – | ||
| Dec 2009 | $5.15M | Series A | – | – |
8 investors in total: 8 institutional.
Investors in SunBorne Energy
SunBorne Energy has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include State Bank of India, Canara Bank and International Finance Corporation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by the venture capital firm. | eximbankindia.in | Mumbai, India | ||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | |||
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Commercial bank | 1906 | canarabank.com | Mangaluru, India | |
Commercial banking and financial services are provided to diverse clients. | 1806 | sbi.co.in | Mumbai, India | |
Offers comprehensive private sector banking services to individuals and businesses. | 1945 | statebankoftravancore.com | Thiruvananthapuram, India |
Investor details for SunBorne Energy
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Board of directors of Sunborne Energy Services India Private Limited (SunBorne Energy)
Sunborne Energy Services India Private Limited is the primary company behind SunBorne Energy. The board of Sunborne Energy Services India Private Limited currently have 2 directors; the longest-serving is Deeksha Anand, appointed in 2019. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deeksha Anand DIN 08630961 | Director | 09 Dec 2019 | 6 yrs 10 mo | Sunborne Energy Services India Private Limited |
| Praveen Kumar Arora DIN 00940316 | Director | 11 Nov 2022 | 3 yrs 11 mo | Sunborne Energy Services India Private Limited |
People of SunBorne Energy
1 people are tracked at SunBorne Energy (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Ram Chereddy | Co-Founder | Leadership |
Complete people profiles for SunBorne Energy
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Financials of SunBorne Energy
Figures of Sunborne Energy Services India Private Limited, the primary company behind SunBorne Energy, for FY 2024. Revenue was ₹1.19 Cr (+52% year on year). Net loss was -₹2.78 Cr (-234% margin). EBITDA was -₹2.63 Cr (-221% margin). Revenue has grown at a compounded annual rate of -66% over three years and -51% over five years.
- ₹1.19 CrRevenue · FY 2024 · +52% YoY
- -₹2.78 CrNet loss · -234% margin
- -₹2.63 CrEBITDA · -221% margin
- ₹77.8 LakhPaid-up capital
- 3Employees (provident fund records)
- -66%Revenue CAGR, 3 years
- -51%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sunborne Energy Services India Private Limited are on its company page.
Detailed financial statements for SunBorne Energy
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Timeline of SunBorne Energy
3 dated milestones of SunBorne Energy across 4 years, from founding to its latest funding, stage changes and deals.
- Founded SunBorne Energy is founded.
- Funding First funding round of $5.1M.
- Funding Latest funding round, Series B, of $5.0M.
Competitors of SunBorne Energy
SunBorne Energy has 3 listed competitors in our database, 2 of them funded. They include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| mahindrasusten.com | 2010 | Mumbai, India | 180 | Turnkey EPC services for solar power plants are provided. |
Detailed competitors of SunBorne Energy
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as SunBorne Energy (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about SunBorne Energy
SunBorne Energy was founded in 2008 and raised its 1st funding round 1 year after it was founded.
SunBorne Energy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
SunBorne Energy is a funded company, having raised a total of $23.26M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5.15M, raised on Dec 2009.
SunBorne Energy has 3 employees.
The primary company behind SunBorne Energy, Sunborne Energy Services India Private Limited, reported revenue of ₹1.19 Cr for FY 2024, up 52% year on year.
SunBorne Energy produces solar pv and thermal energy solutions in india through working in the energy sector, promoting renewable energy, solar power, and pv and thermal production. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
SunBorne Energy's top competitors include Fourth Partner Energy, Mahindra Susten and Sterling And Wilson.
SunBorne Energy has 8 investors. Key investors include State Bank of India, Canara Bank, International Finance Corporation, Khosla Ventures, and InnoVen Capital.
SunBorne Energy operates through Sunborne Energy Services India Private Limited.
The legal entities of SunBorne Energy currently have 2 directors, including Deeksha Anand, Praveen Kumar Arora.