Why This Matters
Founded by Shreya Mishra and Nikhil Nahar, SolarSquare's Series C funding will accelerate the expansion of its residential rooftop solar business by entering new cities, strengthening its technology platform, and improving financing accessibility for homeowners. MS Dhoni's investment and role as brand ambassador are expected to enhance the company's visibility and support wider adoption of rooftop solar solutions.
What's the Bigger Picture?
India's residential solar market is witnessing strong growth, driven by rising electricity costs, government incentives, and increasing consumer awareness of clean energy. Companies offering integrated rooftop solar solutions are attracting significant investor interest as the country moves toward achieving its renewable energy and sustainability goals.
Key Takeaways
SolarSquare has secured $53 million in Series C funding, with MS Dhoni's family office, Midas Deals, participating as an investor. The company will use the capital to expand into 30–40 new cities, strengthen its technology platform, broaden financing options, and enhance customer service for residential rooftop solar adoption.
