+
Goldi Solar raises Rs 14.22 billion funding led by Havells
POWER & RENEWABLE ENERGY

Goldi Solar raises Rs 14.22 billion funding led by Havells

Renewable energy firm Goldi Solar has raised over Rs 14.22 billion in a landmark funding round led by Havells India Ltd, with participation from several high-net-worth individuals (HNIs), institutional, and strategic investors.

In a statement, the Gujarat-based solar module manufacturer said the capital infusion will fuel its next phase of growth, focusing on manufacturing expansion, backward integration, and technological innovation.

The round saw participation from prominent investors including Ambit Global Private Client, Nikhil Kamath, Shahi Exports Pvt Ltd, SRF Transnational Holdings Ltd, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Pvt Ltd.

According to market sources, Havells invested around Rs 6 billion, while Zerodha co-founder Nikhil Kamath contributed approximately Rs 1.4 billion. A few Indian sportspersons also joined the round, highlighting the growing interest in clean energy ventures.

“These value-aligned investors are among India’s most forward-thinking capital providers and bring deep expertise in sustainable growth initiatives,” Goldi Solar said in its release.

The investment process was advised by SBI Capital Markets Ltd, with Saraf and Partners serving as legal counsel, ensuring strategic oversight and governance.

The fresh funding will help Goldi Solar expand its solar module production capacity, strengthen backward integration through solar cell manufacturing, and boost research into high-efficiency technologies. It will also support the company’s go-to-market initiatives and export expansion.

Founder and Managing Director Ishver Dholakiya said, “With the backing of partners like Havells and other esteemed investors, we are empowered to scale new heights in solar manufacturing and innovation. Together, we will drive the next wave of growth, setting new benchmarks in governance, sustainability, and performance.”

The Surat-based company has expanded its solar PV module manufacturing capacity from 3 GW to 14.7 GW in the past year and is developing a 1.2 GW solar cell manufacturing facility in Gujarat.

Renewable energy firm Goldi Solar has raised over Rs 14.22 billion in a landmark funding round led by Havells India Ltd, with participation from several high-net-worth individuals (HNIs), institutional, and strategic investors. In a statement, the Gujarat-based solar module manufacturer said the capital infusion will fuel its next phase of growth, focusing on manufacturing expansion, backward integration, and technological innovation. The round saw participation from prominent investors including Ambit Global Private Client, Nikhil Kamath, Shahi Exports Pvt Ltd, SRF Transnational Holdings Ltd, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Pvt Ltd. According to market sources, Havells invested around Rs 6 billion, while Zerodha co-founder Nikhil Kamath contributed approximately Rs 1.4 billion. A few Indian sportspersons also joined the round, highlighting the growing interest in clean energy ventures. “These value-aligned investors are among India’s most forward-thinking capital providers and bring deep expertise in sustainable growth initiatives,” Goldi Solar said in its release. The investment process was advised by SBI Capital Markets Ltd, with Saraf and Partners serving as legal counsel, ensuring strategic oversight and governance. The fresh funding will help Goldi Solar expand its solar module production capacity, strengthen backward integration through solar cell manufacturing, and boost research into high-efficiency technologies. It will also support the company’s go-to-market initiatives and export expansion. Founder and Managing Director Ishver Dholakiya said, “With the backing of partners like Havells and other esteemed investors, we are empowered to scale new heights in solar manufacturing and innovation. Together, we will drive the next wave of growth, setting new benchmarks in governance, sustainability, and performance.” The Surat-based company has expanded its solar PV module manufacturing capacity from 3 GW to 14.7 GW in the past year and is developing a 1.2 GW solar cell manufacturing facility in Gujarat.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code