SolarSquare, a residential rooftop solar company, raises $53 million in new funding, according to multiple reports. The funding is described as a Series C round, with B Capital named as the lead investor in one account. The company says it plans to use the proceeds to accelerate its expansion into additional cities across India, focusing on growing its residential customer base and geographic reach. The reports agree on the amount raised—$53 million—and the purpose of supporting further growth in rooftop solar deployment. While the sources do not provide extensive details on the full list of participating investors, they consistently frame the round as a significant capital injection intended to scale SolarSquare’s residential solar operations. The announcement positions the company to increase installations and broaden its presence in new markets within the country.
SolarSquare raises $53 million to expand residential rooftop solar
SolarSquare, a residential rooftop solar company, raises $53 million in new funding, according to multiple reports. The funding is described as a Series C round, with B Capital named as the lead inves...
- SolarSquare raises $53 million in new funding.
- The round is described as a Series C by one source.
- B Capital leads the funding round, according to one report.
- SolarSquare plans to use the funds to expand residential rooftop solar into more cities across India.
- The stated purpose across sources is geographic and operational growth in residential solar deployment.
The company intends to deploy this fresh injection of capital to aggressively accelerate its geographic expansion into new cities across the country
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