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Funding · Climate, Energy & Sustainability

Eapro Global raises ₹40 crore ahead of FY28 IPO

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Date
Company
Eapro Global
What it does
solar and power-backup maker
Kind
Funding
Amount
₹40 crore
Based in
Roorkee
Sector
Climate, Energy & Sustainability

What they do

Eapro Global produces solar inverters, battery packs and storage solutions for homes, businesses and industry across India

What happened

The firm raised ₹40 crore in a new financing round backed by institutional funds, family offices and prominent private investors for growth

Why it matters

The raise supports scaling manufacturing capacity and technology as Eapro prepares for a proposed IPO in FY28, signalling strong investor confidence

The details

  • Eapro Global closed a ₹40 crore pre‑IPO funding round backed by institutional funds, family offices and marquee individual investors.
  • The round included Aarth AIF Growth Fund, NAV Bharat Investment Opportunities Fund, VentureX Fund, Kyro India Opportunities Fund‑I and the JK Family Office.
  • Kyro Capital served as the exclusive transaction advisor, managing the search for investors, structuring the deal and completing it.
  • The proceeds will be directed toward enlarging production capacity, enhancing technological capabilities and widening Eapro’s footprint in India’s renewable‑energy and backup‑power sectors.
  • Eapro reported revenue of ₹346.39 crore in FY26, a 73.5 % increase from FY25, with EBITDA rising to ₹44.30 crore and PAT to ₹30.54 crore.
  • The company is actively discussing with prospective lead managers and investors to launch an IPO in FY28.

The bigger picture

  • The funding marks the first investment by Kyro India Opportunities Fund‑I, a SEBI‑registered Category II AIF.
  • Strong financial growth and rising demand for solar inverters and energy storage have boosted investor confidence in Eapro’s business model.
  • Analysts note that scaling a manufacturing business may face raw‑material price volatility and margin pressure despite high growth rates.

About the business

  • Eapro designs and builds solar inverters that convert sunlight into usable electricity for homes and businesses.
  • It produces battery packs and energy storage systems that store electricity for later use, enhancing grid resilience.
  • The product portfolio serves residential, commercial and industrial customers across India.
  • Revenue is generated by selling hardware directly to distributors and large‑scale project developers.
  • The company operates a manufacturing facility in Roorkee, Uttarakhand, leveraging local supply chains.
  • Profitability is driven by high‑margin hardware sales and growing demand for renewable‑energy solutions.

What happens next

  • Scale manufacturing capacity and technology capabilities.
  • Prepare for the proposed IPO in FY28.
  • Expand presence in India’s renewable‑energy and backup‑power markets.

The deal

Type
funding

Investors

  • Aarth AIF Growth Fund (participated) — institutional fund
  • NAV Bharat Investment Opportunities Fund (participated) — institutional fund
  • VentureX Fund (participated) — institutional fund
  • Kyro India Opportunities Fund‑I (participated) — SEBI‑registered Category II Alternative Investment Fund, first investment
  • JK Family Office (participated) — family office

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