SolarSquare raises $53M Series C led by B Capital
SolarSquare has raised $53 million in a Series C funding round led by B Capital. The round values the Mumbai-based rooftop solar company between $450 million and $500 million, bringing its total funding past $100 million.
Former India cricket captain MS Dhoni invested through his family office Midas Deals and joined the company as brand ambassador. Existing investors include Lightspeed Venture Partners, Elevation Capital, Lowercarbon Capital, Rainmatter by Zerodha, and Good Capital.
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Founded in 2015, SolarSquare pivoted to residential customers in 2021 and has since installed solar systems across approximately 50,000 homes and 400 housing societies in 29 cities.
The company claims annual revenue exceeding ₹1,000 crore, approximately $114 million. SolarSquare will use the funding to expand into 30 to 40 new cities, enhance its technology platform, and develop battery storage and home energy management solutions.
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