Rooftop solar startup SolarSquare has raised $53 million (around ₹455 crore) in a Series C funding round led by global investment firm B Capital, marking one of the largest fundraises in India’s residential solar sector.
The round also saw participation from existing investors, underscoring growing confidence in the company’s business model and the long-term potential of India’s clean energy market. The fresh capital will be used to expand SolarSquare’s presence across the country, strengthen its technology platform and boost customer acquisition efforts.
Founded in 2015, SolarSquare focuses on providing rooftop solar solutions for homes and housing societies. The company helps customers install solar panels, reduce electricity bills and transition to cleaner sources of energy. Over the years, it has emerged as a key player in India’s rapidly growing residential solar market.
The latest funding comes at a time when demand for rooftop solar installations is rising, driven by increasing electricity costs, government incentives and growing awareness about sustainable energy. Industry experts believe residential solar adoption in India is still at an early stage, leaving significant room for future growth.
SolarSquare plans to use the funds to enter new cities, expand its installation network and invest in technology aimed at improving customer experience. The company also intends to strengthen its workforce as it scales operations.
According to company executives, the investment will help accelerate the mission of making rooftop solar more accessible and affordable for Indian households. They believe the residential segment could become a major contributor to India’s renewable energy goals in the coming years.