InSolare Energy, an India-based renewables engineering, procurement and construction (EPC) company dedicated to customer-centric and technology-driven solutions, has raised Rs 660 million (approximately $8 million) in a growth funding round.
Prominent names like Negen Capital, Mukul Aggarwal, Anchorage Capital Fund & Ankit Mittal – Khazana Tradelink also participated in the round, InSolare Energy said in a statement on Monday.
According to the statement, the investment will enable InSolare Energy to further enhance its capabilities and accelerate its impact in the renewable energy sector.
“InSolare Energy is a customer-centric renewable energy solution provider with 14+ years of experience in delivering solutions to commercial and industrial clients Pan India which is built around values of integrity, innovation, quality, results, respect and discipline,” said Navashil Sharma, Founder and Chief Executive Officer of InSolare Energy.
Last year, InSolare Energy announced the completion of multiple projects which included 70 MWp (Solar Park in Jalna), 90 MWp (Solar Park in Karnatraka), 40 MWp (Large Cement client in Chhattisgarh).
InSolare Energy with a team strength of 200+ and offices located in Bengaluru, Mumbai, Ahmedabad & New Delhi boasts a robust portfolio of 0.5 GW with 0.3+ GW of EPC orders &
0.5 GW Solar Parks under execution.