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SolarSquare raises $40 million in India’s largest solar venture round
SolarSquare has raised $40 million in what is the largest venture round in India's solar sector. The Mumbai-based startup bootstrapped and was profitable SolarSquare has raised $40 million in what is the largest venture round in India's solar sector.
Lightspeed led the investment, a Series B financing round, with Lightrock joining, alongside existing investors Elevation Capital, Chris Sacca’s Lowercarbon, and Nithin Kamath’s Rainmatter. The startup, which had raised $19.5 million previously, will also invest in technology to build better systems for monitoring and managing residential solar installations remotely. “The clean energy transition has moved from ESG PowerPoint decks to the consumers ‘ homes and Solar Square is well on its way to making #hargharsolar.”
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