Funding · Climate, Energy & Sustainability

SolarSquare raises $53 million in Series C led by B Capital

What they do

SolarSquare provides end-to-end rooftop solar solutions for homeowners, including consultation, installation, and maintenance

The company raised $53 million in its Series C round, led by B Capital, with participation from existing investors like Lightspeed and Lowercarbon

SolarSquare's post-money valuation nearly doubled to around $470 million, up from $253 million in its previous round

SolarSquare raised $53 million in its Series C funding round, led by B Capital, with participation from existing investors including Lightspeed, Lowercarbon, and Rainmatter.
The company's post-money valuation nearly doubled to around $470 million, up from $253 million in its previous $40 million Series B round.
B Capital invested $30 million, making it the largest investor in the round, followed by Lightspeed with $8.3 million and Lowercarbon with $6.8 million.
The co-founders, Neeraj Jain, Shreya Mishra, and Nikhil Nahar, collectively retain a 27.54% stake in the company.
The proceeds will be used to expand into new cities, strengthen the technology platform, hire talent, and scale home energy offerings.

SolarSquare's valuation nearly doubled after the Series C round, indicating strong investor confidence in the company's growth potential.
The company's operating revenue doubled to Rs 355 crore in FY25, and losses narrowed by 46% to Rs 37 crore during the same period.
SolarSquare competes with several players in the residential rooftop solar segment, including ZunRoof, Glow, and Oorjan Cleantech.

SolarSquare provides end-to-end rooftop solar solutions for homeowners, including consultation, system design, installation, financing support, and maintenance.
The company operates in the residential solar segment, targeting homeowners looking to reduce energy costs and carbon footprints.
SolarSquare's services are designed to simplify the transition to renewable energy for individual households.
The company's revenue doubled in FY25, reaching Rs 355 crore, with losses narrowing by 46% to Rs 37 crore.
SolarSquare's expansion plans include entering new cities and scaling its home energy offerings.

SolarSquare plans to expand into new cities and strengthen its technology platform.
The company aims to hire more talent and scale its home energy offerings.

B Capital (lead) — Venture capital firm focused on early-stage technology startups.
Lightspeed Venture Partners (existing) — Venture capital firm with a focus on early-stage technology and consumer internet startups.
Lowercarbon (existing) — Venture capital firm focused on climate and clean energy startups.
Good Capital (existing) — Venture capital firm with a focus on early-stage technology and clean energy startups.
Mangum LLC (existing) — Private equity and venture capital firm focused on growth-stage companies.
Rainmatter (existing) — Venture capital firm backed by Zerodha, focusing on early-stage technology startups.
Better Capital (existing) — Venture capital firm focused on early-stage technology and clean energy startups.
Midas Deals (existing) — Family office of former Indian cricket captain MS Dhoni.

Product: End-to-end rooftop solar solutions including consultation, installation, financing, monitoring and after-sales support
Customers: Residential homeowners seeking to install rooftop solar systems
How it makes money: B2C solar solutions provider with financing options and recurring monitoring revenue
What sets it apart: Installed systems in 50,000+ homes across 29 cities with technology platform and financing partnerships