SynopsisSolarSquare has secured $53 million in a significant funding round. This investment fuels expansion into new cities and strengthens technology. The company is India's largest residential rooftop solar provider. Growing adoption of solar power in India is driving this growth. SolarSquare aims to build a comprehensive home-energy platform for consumers nationwide.AgenciesSolarSquare raises $53 million in India’s largest residential solar funding roundResidential rooftop solar company SolarSquare has raised $53 million in a Series C funding round led by B Capital, marking what the company described as the largest venture capital investment in India’s solar sector and underscoring growing investor confidence in the country's fast-expanding residential solar market.Existing investors Lightspeed, Elevation Capital, Lowercarbon Capital, Rainmatter and Good Capital also participated in the round, taking SolarSquare’s total capital raised to more than $100 million.Also read: India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister JoshiThe fresh funds will be used to expand into new cities, strengthen technology capabilities, hire talent and scale the company’s residential solar platform as it seeks to build a nationwide home-energy business.Founded in 2015 by Neeraj Jain, Shreya Mishra and Nikhil Nahar, SolarSquare has emerged as India’s largest residential rooftop solar company, powering around 50,000 homes across the country and currently operating at an annual revenue run rate exceeding ₹1,000 crore.The fundraising comes amid rising adoption of rooftop solar in India, supported by increasing electricity tariffs, growing energy demand and the Centre’s PM Surya Ghar Scheme, which has accelerated consumer awareness and adoption of residential solar systems.“Five years ago, we made a conviction-led bet that every Indian home will be powered by rooftop solar. Today, the category has inflected with one lakh homes adopting solar every 10 days in India,” Shreya Mishra, co-founder and CEO of SolarSquare, said. She added that the company aims to build an integrated home-energy platform spanning solar installations, financing, battery storage, after-sales services and energy management solutions.SolarSquare operates a vertically integrated model that manages the entire customer lifecycle, including consultation, system design, installation, financing assistance and maintenance. The company said it is the first in India to offer performance guarantees on residential solar systems, providing customers assurance on energy generation and returns on investment.Karan Mohla, General Partner at B Capital, said India’s energy transition would be driven increasingly by households adopting distributed energy solutions. He said SolarSquare’s category leadership, technology platform and asset-management capabilities positioned it to become a national consumer brand in the energy transition space.Also read: Is the Iran war just an energy shock - or a turning point?Investors see significant headroom for growth in the residential solar segment. SolarSquare estimates India has about 70 million viable residential rooftops, while penetration remains below 5%, compared with around 35% in Australia and 15% in Germany.The funding round also highlights growing investor interest in climate-tech and distributed energy businesses as India seeks to expand renewable energy capacity, reduce dependence on imported fuels and strengthen energy security through decentralised power generation. SolarSquare said it currently manages the country's largest portfolio of residential solar assets and plans to leverage the new capital to consolidate its leadership in the sector.Read More News on...moreless