InSolare, a prominent player in the renewable energy sector, has successfully raised Rs 66 crore (approximately $8 million) in a growth funding round spearheaded by Negen Capital. This strategic investment marks a significant milestone for the company as it continues its mission to revolutionize the renewable energy landscape with its customer-centric and technology-driven approach.
Joining Negen Capital in this funding round are notable investors Mukul Mahavir Aggarwal from Anchorage Capital Fund and Ankit Mittal from Khazana Tradelink, underscoring the industry’s confidence in InSolare’s vision and potential.
The infusion of capital will empower InSolare to bolster its capabilities further and expand its footprint in the renewable energy market. With a focus on innovation and sustainability, the company aims to accelerate its impact by delivering cutting-edge solutions across India to commercial and industrial clients.
Under the leadership of Navashil Sharma, InSolare has emerged as a trailblazer in the renewable energy space, leveraging over a decade of expertise to address the evolving needs of its customers. With a diverse portfolio encompassing over 300MW of EPC work orders and ambitious plans for a 500MW Solar Park, InSolare is poised to lead the charge towards a greener future.
A testament to its prowess, InSolare recently celebrated the successful completion of a 70 MWp Solar Park in Jalna, Maharashtra. This project boasts impressive AC and DC capacities and exemplifies InSolare’s commitment to delivering scalable and sustainable energy solutions.
As the demand for renewable energy continues to surge globally, InSolare remains at the forefront, driving innovation and advancing the adoption of clean energy technologies. With Negen Capital’s and other investors’ support, InSolare is well-positioned to shape the future of renewable energy in India and beyond.
