[Funding News] Soleos Solar Energy Raises INR 48.5 Cr Equity Funding

Leading supplier of solar EPC solutions, Soleos Solar Energy, has secured about INR 48.5 crore in equity capital. Together with Beeline Capital Advisors Private Limited, Swastika Investmart Ltd. served as the transaction's primary advisor.

The fundraising round included participation from India Ahead Venture Fund, the family office of Sunil Singhania, Madhuri Madhu Kela, Nabs Vriddhi, Pawan Agarwal, Head of PCG at InCred Capital, Faruk G. Patel, CMD (KP Group), and a number of other HNI investors.

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Soleos Solar Energy obtained equity finance in April of this year from Swastika Investmart Ltd. for a total of Rs 26.5 crore.

Soleos Solar Energy plans to build up international partnerships, encourage the growth of independent power projects (IPP), and improve project execution capabilities.

Bhavesh Rathod, Founder, Soleos Solar Energy, said: “This funding will enable us to achieve our expansion goals and bolster our capabilities in delivering cutting-edge solar solutions. With an already established global footprint, this investment will further strengthen our foothold in domestic and international markets,”

About Soleos Solar Energy

Founded in 2012 by Bhavesh Rathod, In the area of solar energy, Soleos has been in the forefront of offering cutting-edge solutions. Soleos is a top producer that specialises in using fully automated Italian manufacturing technology to produce Bifacial and Monofacial Half-cut solar modules.

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