Soleos secures funding for global expansion

Soleos Solar Energy, an EPC service provider in the PV sector, has recently secured INR 48.5 crore in funding. This infusion will help the company generate working capital, develop its global renewable energy portfolio, and establish manufacturing facilities worldwide. Soleos Solar Energy currently holds Rs 450 crore in orders for approximately 140 MW projects. The company expects the investment to further strengthen its foothold in domestic and international markets. The funding round saw participation from India Ahead Venture Fund, Sunil Singhania’s family office, Madhuri Madhu Kela, Nabs Vriddhi, Pawan Agarwal (Head of PCG at InCred Capital), Faruk G Patel (CMD of KP Group), and several other HNI investors, Soleos Solar Energy stated.