Funding · Climate, Energy & Sustainability

SolarSquare raises ₹100 crore Series A

By Startup Enthusiast · 21 September 2026

What they do

SolarSquare designs, installs and finances rooftop solar systems for homes

It raised a ₹100 crore Series A led by Elevation Capital and LowerCarbon

The company plans to expand pan-India and launch an in-house NBFC for solar loans

SolarSquare raised a ₹100 crore Series A funding round.
The round was led by Elevation Capital and LowerCarbon, Chris Sacca's climate-tech fund.
Existing investors Good Capital and Rainmatter also participated.
Angel investors included Meesho founders Vidit Aatrey and Sanjeev Barnwal.
The company will use the funds for pan-India expansion within 18-24 months.
It also plans to launch an in-house NBFC (non-banking financial company) to offer loans to residential solar buyers.

India's rising energy needs and emission targets create a large market for rooftop solar.
SolarSquare's full-stack model and product innovations were cited by Elevation Capital as key strengths.
The company has already installed solar products in nearly 5,000 homes over the last two years.

SolarSquare designs, installs and finances rooftop solar systems for homes.
It also provides rooftop solar solutions for housing societies and commercial establishments.
Its B2C services are available in six markets: Bengaluru, Delhi, Gujarat, Hyderabad, Madhya Pradesh, Maharashtra.

Elevation Capital (lead) — A venture capital firm investing in technology startups.
LowerCarbon (lead) — Chris Sacca's climate-tech fund.
Good Capital (participated) — Existing investor in SolarSquare.
Rainmatter (participated) — Existing investor in SolarSquare.
Vidit Aatrey (angel) — Co-founder of Meesho.
Sanjeev Barnwal (angel) — Co-founder of Meesho.

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