About SunSource Energy
SunSource Energy is a company based in Noida (India) founded in 2010 was acquired by SHV Energy in May 2021. SunSource Energy has raised $7.54 million across 2 funding rounds from investors including Neev Fund and SHV Energy. The company has 155 employees as of April 01, 2024. SunSource Energy offers products and services including Open Access Solar and Solar Projects. SunSource Energy operates in a competitive market with competitors including Acciona Energy, Avaada Group, Greenko Group, Azure Power and Adani Green Energy, among others.
- Headquarter Noida, India
- Employees 155 as on 01 Apr, 2024
- 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 Sunsource Energy Pvt. Ltd.
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$6.04 M (USD)-13.94as on Mar 31, 2023
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Net Profit
-$12.34 M (USD)-169.33as on Mar 31, 2023
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EBITDA
-$5.76 M (USD)-228.71as on Mar 31, 2023
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Total Equity Funding
$7.54 M (USD)
in 2 rounds
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Latest Funding Round
$931.77 K (USD), Series A
Jan 15, 2021
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Investors
Neev Fund
& 1 more
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Employee Count
155
as on Apr 01, 2024
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Acquired by
SHV Energy
(May 05, 2021)
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Products & Services of SunSource Energy
SunSource Energy offers a comprehensive portfolio of products and services, including Open Access Solar and Solar Projects.
Provides solar power through open access for industrial clients
Develops and commissions solar projects for various sectors
Funding Insights of SunSource Energy
SunSource Energy has successfully raised a total of $7.54M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $931.77 thousand completed in January 2021. 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 SunSource Energy
SunSource Energy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Neev Fund and SHV Energy.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on multiple sectors
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Distributes decentralized energy solutions including LPG, LNG, and sustainable fuels worldwide.
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Investor details for SunSource Energy
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Investments & Acquisitions by SunSource Energy
Investment portfolio details for SunSource Energy
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Financial Statements - SunSource Energy
Detailed financials for SunSource Energy
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Sunsource Energy Comparisons
Peer comparison for SunSource Energy
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Competitors of SunSource Energy
SunSource Energy 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 Acciona Energy, Avaada Group, Greenko Group, Azure Power and Adani Green Energy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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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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Energy transition and decarbonization solutions are provided by Greenko Group.
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Provider of independent power producer in the utility scale renewable energy
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Renewable energy power is produced independently by Adani Green Energy.
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Renewable energy solutions including solar EPC and PPAs are provided.
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Detailed competitors of SunSource Energy
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Latest news on Sunsource Energy
Complete news archive for SunSource Energy
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Frequently Asked Questions about SunSource Energy
SunSource Energy was founded in 2010 and raised its 1st funding round 8 years after it was founded.
SunSource Energy is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Santanu Guha is the current CEO of SunSource Energy.
SunSource Energy is a funded company, having raised a total of $7.54M across 2 funding rounds to date.
As of Apr 01, 2024, the latest employee count at SunSource Energy is 155.
Annual revenue of SunSource Energy is $6.04M as on Mar 31, 2023.
SunSource Energy was founded in 2010 in Noida, India, within the renewable energy sector. End-to-end solar project development and EPC services are offered, encompassing engineering, procurement, construction, financial analysis, capital support, and asset management. Solar-based energy and storage solutions are tailored for commercial, industrial, and institutional clients across operations in India.
SunSource Energy's top competitors include Avaada Group, Hero Future Energies and Azure Power.
SunSource Energy offers Open Access Solar and Solar Projects.
SunSource Energy has 2 investors. Key investors include Neev Fund, and SHV Energy.
The valuation of SunSource Energy is $39.47M as of Feb 2018.