+
Roofsol Energy Raises ?255 Million to Boost Rooftop Solar Growth
POWER & RENEWABLE ENERGY

Roofsol Energy Raises ?255 Million to Boost Rooftop Solar Growth

Maharashtra-based Roofsol Energy has secured ?255 million (~$3.03 million) in its first equity funding round, primarily from high-net-worth individuals (HNIs) and led by fund manager Equity4life IH Analytics.

The company plans to use these funds to expand its OPEX business and strengthen its presence in the commercial and industrial (C&I) solar portfolio. Recently, Roofsol signed power purchase agreements with several large C&I clients to initiate solar power projects.

“This equity round reinforces our commitment to growth. We aim to develop 75 MW of solar assets in FY 2024, with a target of 500 MW in the C&I sector,” stated Priyank Jain, CFO of Roofsol Energy.

Roofsol has been recognized in Mercom’s India Solar Market Leaderboard 2024 as one of the leading rooftop solar companies. In 2023, India added 1.7 GW of rooftop solar capacity, reaching a cumulative total of 10.5 GW by December. Residential installations constituted 50.5% of this capacity, with Tata Power Solar leading the way, followed closely by Roofsol, which accounted for 7.9% of the year’s additions.

According to Anurag Chivilkar, Director & VP—Business Development, demand for rooftop solar in the C&I sector is driven not only by cost savings but also by investor pressure to meet green energy standards.

Currently, Roofsol Energy has over 300 solar projects and 280 MW of rooftop installations in India. The company aims to implement over 1000 MW of solar EPC projects globally by 2025.

Maharashtra-based Roofsol Energy has secured ?255 million (~$3.03 million) in its first equity funding round, primarily from high-net-worth individuals (HNIs) and led by fund manager Equity4life IH Analytics. The company plans to use these funds to expand its OPEX business and strengthen its presence in the commercial and industrial (C&I) solar portfolio. Recently, Roofsol signed power purchase agreements with several large C&I clients to initiate solar power projects. “This equity round reinforces our commitment to growth. We aim to develop 75 MW of solar assets in FY 2024, with a target of 500 MW in the C&I sector,” stated Priyank Jain, CFO of Roofsol Energy. Roofsol has been recognized in Mercom’s India Solar Market Leaderboard 2024 as one of the leading rooftop solar companies. In 2023, India added 1.7 GW of rooftop solar capacity, reaching a cumulative total of 10.5 GW by December. Residential installations constituted 50.5% of this capacity, with Tata Power Solar leading the way, followed closely by Roofsol, which accounted for 7.9% of the year’s additions. According to Anurag Chivilkar, Director & VP—Business Development, demand for rooftop solar in the C&I sector is driven not only by cost savings but also by investor pressure to meet green energy standards. Currently, Roofsol Energy has over 300 solar projects and 280 MW of rooftop installations in India. The company aims to implement over 1000 MW of solar EPC projects globally by 2025.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code