Soleos Solar Energy Secures Rs 48.5 Cr Funding for Expansion and Renewable Projects

Soleos Solar Energy has successfully secured Rs 48.5 crore in funding, which will be directed towards working capital and the development of its renewable energy portfolio. 

The funding round saw participation from India Ahead Venture Fund, Sunil Singhania’s family office, Madhuri Madhu Kela, Nabs Vriddhi, Pawan Agarwal (Head of PCG at InCred Capital), Faruk G Patel (CMD, KP Group), and several other high-net-worth individuals (HNIs), according to a statement from Soleos Solar Energy.

The capital infusion is set to bolster the company’s working capital, advance its global renewable energy portfolio, and establish manufacturing facilities worldwide. Soleos Solar Energy, an EPC service provider in the solar energy sector, currently holds orders worth Rs 450 crore for setting up approximately 140 MW of projects.

“This funding will enable us to achieve our expansion goals and bolster our capabilities in delivering cutting-edge solar solutions,” said Bhavesh Rathod, founder and Director of Soleos Solar Energy. “This investment will further strengthen our foothold in domestic and international markets.”

Soleos Solar Energy is poised to leverage this financial boost to enhance its market presence and operational efficiency, aligning with the growing global emphasis on renewable energy solutions.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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