The world is rapidly moving towards renewable energy as the pollution levels soar across the globe and the plant’s ecosystem. The Government of India has taken various measures across India to assist the transition to clean and sustain renewable sources of energy.
Here is a list of top 10 solar energy start-ups supporting the country transition to cleaner energy sources:
1- ReNew Power
Founders: Sumant Sinha
Founding Year: 2011
Headquarters: Gurgaon , Haryana, India
Funding received: USD 2 Billion
Investors: Goldman Sachs, Abu Dhabi Investment Authority.
About the company: ReNew Power is a privately held organization which is also known as a wind energy firm based in India. The company’s goal is to become one of the leading renewable energy producers in India. It operates under clean energy, solar energy and wind energy industries. They also deal with various other specialties like engineering procurement and sustainable development and have a work strength of 501 – 1,000 employees .
2- Azure Power
Founders: Inderpreet Wadhwa
Founding Year: 2008
Headquarters: New Delhi, India
Funding received: USD 513.5 Million
Investors: International Finance Corporation and FMO
About the company: Azure Power is a privately held organization that generates and distributes clean and affordable solar power to commercial, government and utility customers in India. The company operates under the renewable energy industry and has a work strength of 501 – 1000 employees.
3- CleanMax Solar
Founders: Andrew Hines, Sushant Arora
Founding Year: 2011
Headquarters: Mumbai, Maharashtra, India
Funding received: USD 154.2 Million
Investors: UK Climate Investments (UKCI), International Finance Corporation and Warburg Pincus
About the company: CleanMax Solar is a privately held organization which is also known as an Indian rooftop solar developer. It is also known as the largest developer of onsite and off – site solar solutions for corporate customers in India. The company also operates under environmental consulting industries. They have a work strength of 101- 250 employees.
4- Fourth Partner Energy
Founders: Saif Dhorajiwala, Vikas Saluguti and Vivek Subramanian
Founding Year: 2010
Headquarters: Hyderabad, Andhra Pradesh, India
Funding received: USD 87.1 Million
Investors: ResponsAbility, Grameen Impact India, The Rise Fund and Infuse Ventures.
About the company: Fourth Partner Energy is a privately held organization that provides turnkey rooftop solar energy solutions for customers in India. The company also operates under the recycling industry. The company specializes in manufacturing solar energy based applications and currently, its product portfolio includes solar lanterns, solar street, home lighting system and photovoltaic panels. They have a work strength of 11-50 employees.
5- Orb
Founders: Damian Miller
Founding Year: 2006
Headquarters: Bagalkot, Karnataka, India
Funding received: USD 10 Million
Investors: Shell Ventures, OPIC, FMO and Zouk Capital
About the company: Orb Energy is a privately owned organization that generates affordable and renewable energy for off- grid households in India from solar home systems. Currently, they have 90 branches across India along with a work strength of 251- 500 employees. orb is also planning to double-up its branches and employees in upcoming years.
6- MYSUN
Founders: Gagan Vermani and Gyan Prakash Tiwari
Founding Year: 2015
Headquarters: Noida, UP, India
Funding received: USD 7 Million
Investors: General catalyst
About the company: MYSUN is a privately held organization which is also known as India’s largest online rooftop solar platform. The organization functions under the renewables and environment industry and has a work strength of around 11-50 employees. The company provides customised solutions to industrial and commercial as well as residential consumer clients.
7- Cygni
Founders: Paramjit Singh
Founding Year: 2015
Headquarters: Hyderabad, Andhra Pradesh, India
Funding received: USD 6.4 Million
Investors: Endiya Partners and Induslnd Bank
About the company: Cygni is a privately held organization which functions under the renewables and environment industry. The company has a work strength of around 11-200 employees and also deals with various specialties like energy efficient equipment, solar panel and solar power renewables. They have a wide range of experience in managing grid connected systems.
8- ZunRoof
Founders: Kartik Marwah, Pranesh Chaudhary and Sushant Sachan
Founding Year: 2016
Headquarters: Gurgaon, Haryana, India
Funding received: USD 4.7 Million
Investors: Godrej family office, Ramakant Sharma, Arun Diaz and Intellecap Impact Investment Network
About the company: ZunRoof is a privately held organization which operates under the renewable and environment industry. The company has a work strength of around 51-200 employees and also deals with various specialties like innovative marketing, technical innovation and soar power plants. ZunRoof is basically a hme tech start-up which brings smart and clean energy for solar rooftop systems.
9- Oriano
Founders: Sachin Jain, Sameer Shah and Yeshwant Rao
Founding Year: 2015
Headquarters: Mumbai, Maharashtra, India
Funding received: USD 3 Million
Investors: Samridhi fund
About the company: Oriano is a privately held organization which functions under the renewables and environment industry. They have a work strength of around 11-50 employees. The organization specializes in utility scale power plants, solar plants and rooftops. They provide facilities related to solar EPC for utility scale power plants.
10- Oorjan Cleantech
Founders: Das Gautam and Roli Gupta
Founding Year: 2014
Headquarters: Mumbai, Maharashtra, India
Funding received: USD 450 K
Investors: Globevestor
About the company: Oorjan Cleantech is a privately held organization which functions under the renewable sources industry. They have a work strength of around 51200 employees and deal with various specialties like solar plants, resource management and rooftop efficiency. They are basically aiming to explode the solar plant market in India.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
Next Article
[…] Top 10 solar energy start-ups in India […]
great to share top 10 solar energy start up in india. thanks.