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Clean energy company Candi Solar raises $58.5 Mn led by IFC

EntrackrEntrackr · 2m ago
Clean energy company Candi Solar raises $58.5 Mn led by IFC
Medial

Candi Solar, a clean energy company specializing in distributed solar solutions for commercial and industrial (C&I) businesses, has secured $58.5 million in a debt funding round led by the International Finance Corporation (IFC), a member of the World Bank Group. Candi Solar has raised significant funding, including a recent Series C round of $24 million in July 2025. The proceeds will be utilized to expand its contracted portfolio beyond 400 MWp across India and South Africa, while deepening its performance-linked product suite including storage energy solutions, Candi Solar said in a press release. Founded in 2018 by Nishant Sood, Fabio Eucalipto, and Philippe Flamand, Candi Solar is a distributed energy platform that finances, builds, and manages tailored solar solutions for commercial and industrial businesses in India and South Africa. With a contracted portfolio of over 200 MWp, the company delivers reliable, affordable, and sustainable power while absorbing the technical and performance risks on behalf of its clients. According to Candi Solar, its project will deliver clean, affordable solar solutions in South Africa and India, driving down operational costs and advancing sustainability for clients. The company's performance-linked model aligns revenue with actual system output, ensuring long-term accountability and risk transfer. Candi Solar’s facility will directly finance nearly 200 MWp of new projects, with a broader impact on sustainability that advances clean energy adoption across key industrial clusters to lower emissions, resilience which strengthens grid stability for businesses and communities facing power volatility, employment & supply chains, and affordability. Candi asserts that its portfolio has more than doubled to over 220 MWp in just 18 months, driven by 85 MWp of open-access projects in India and flagship sites including auto components manufacturer Pricol in India, Ngwenya Lodge in South Africa, and the solar plant at Kings Park Stadium HQ. It also powers leading corporations such as IFF, Toyota, Pick n Pay, and Suryalakshmi Cotton Mills. It competes with other major companies in this space such as Cleanmax, Fourth Partner Energy, Cleantech Solar, and Amplus Solar.

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Solartech platform Urja Sathi raises seed round

EntrackrEntrackr · 1y ago
Solartech platform Urja Sathi raises seed round
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Sustainable energy-tech platform Urja Sathi has secured Rs 35 lakh in its seed round co-led by Paper Arizona’s co-founders Ankit Jain and Sharlee Jain. The company plans to allocate the funds towards acquiring talent, improving customer support, and enhancing marketing, branding and visibility amongst its potential B2B and B2C audiences, Urja Sathi said in a press release. Co-founded in 2023 by Anurag Srivastava and Gaurav Gupta, Urja Sathi is a new-age e-commerce marketplace for the solar and clean energy sector and offers comprehensive solutions to the solar business community as well as end-users across India by providing a wide array of online services, products and promotions. According to the Lucknow-based company, it assists manufacturers, suppliers, installation services and other businesses in the solar and clean energy segments in growing their businesses. It also enables end-users to properly understand, and evaluate the system components, and system integrators and helps other businesses to make informed decisions for choosing high-quality, reliable solar products suited to their custom needs. Urja Sathi competes with the other players in this space like Solartrade, SunSync Technologies, Malem, U-Solar Clean Energy and others.

Two Point O Capital raises $6.3 Mn in seed round

EntrackrEntrackr · 1y ago
Two Point O Capital raises $6.3 Mn in seed round
Medial

Climate financing platform Two Point O Capital has raised $6.3 million in its seed round led by Omnivore, with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels. The proceeds will be used to improve its tech-enabled platform for sourcing, financing, and monitoring distributed projects in clean energy sectors, and to hire a top-tier team. Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy, Two Point O Capital offers flexible financing solutions for distributed clean energy projects in the commercial and industrial sectors. The Gurugram-based startup focuses on solar rooftops, energy efficiency, and wastewater treatment, offering leasing and capex financing options. It also plans to collaborate with various operating and financial partners to develop and manage a high-quality portfolio on a platform.

Arkahub raises $2 Mn in seed round led by Kae Capital

EntrackrEntrackr · 15d ago
Arkahub raises $2 Mn in seed round led by Kae Capital
Medial

Bengaluru-based Arkahub has raised $2 million in a seed funding round led by Kae Capital, along with participation from Sparrow Capital and Antler. The funding will be used to build a consumer-focused home energy platform, starting with rooftop solar. Arkahub is positioning itself as a full-stack home energy company aimed at simplifying residential energy ownership. The startup is focused on transitioning the market from project-based solar installations to standardized, product-led energy solutions for households, with an emphasis on long-term reliability and lifecycle management. While the country has an estimated rooftop solar potential of around 500 GW, adoption remains below 1%. Arkahub is targeting this gap by building a consumer brand that offers a simplified and integrated ownership experience. The company’s platform covers the entire energy lifecycle, including digital system design, installation, proactive monitoring, and ongoing maintenance. Arkahub plans to expand beyond solar to develop a broader home energy ecosystem that enables households to generate, store, and manage power through a single interface. Arkahub was founded by Manish Pansari, formerly with Myntra and Kearney, and Kaustabh Chakraborty, who has prior experience at Urban Ladder and Wakefit.

EarthSync raises $1 Mn in pre-seed round led by Theia Ventures

EntrackrEntrackr · 7d ago
EarthSync raises $1 Mn in pre-seed round led by Theia Ventures
Medial

EarthSync, a unified artificial intelligence platform for renewable energy planning, procurement, and operations, has raised $1 million in a pre-seed funding round led by Theia Ventures along with participation from Eximius Ventures. The proceeds will be utilized for the development of its AI-enabled clean energy modelling and forecasting engine, policy-enabled techno-economic optimizations, and project marketplace. Co-founded in 2024 by Rajat Singh and Mehul Kumar, EarthSync engineers a unified intelligence platform for C&I enterprises, energy advisors, and Independent Power Producers to plan, procure, and manage renewable energy. The platform integrates regulatory intelligence, real-time simulation, and techno-economic modelling into a single workflow. The Bengaluru-based startup aims to accelerate energy transitions through big data systems, providing cloud-first clean energy finance modelling and insights platforms. EarthSync offers advanced AI for evaluating options, optimizing returns, improving forecasts, and making data-driven decisions before capital commitment. The platform has run 10 GW of solar and wind and 4 GWh of BESS simulations with key IPPs and C&I consumers, enabling strategizing and bidding for over 200 MW of solar and wind and 100 MWh of BESS projects. EarthSync's expansion is targeting heavy industries, data centers, and large commercial portfolios. EarthSync competes with traditional energy consultants and fragmented point software tools, offering an integrated platform that replaces both with regulatory intelligence forecasting and asset lifecycle workflows.

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