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Cleantech startup SolarSquare raises $40 million in round led by Lightspeed

Economic Times · 5m

Cleantech startup SolarSquare has raised $40 million in a funding round led by Lightspeed. The Mumbai-based company plans to use the funds to expand its operations in 50 Indian cities, enhance technology, hire talent and invest in brand-building. SolarSquare is a B2C residential solar brand that designs, installs, and offers maintenance. The company helps customers obtain government permits for solar installation and facilitates financing through third-party financiers. SolarSquare aims to tap into India's untapped potential for residential solar power.