InSolare, a trailblazer in the renewable energy sector, has announced a significant milestone with the successful closure of a growth funding round, securing Rs 66 crore (approximately $8 million). The funding, spearheaded by Negen Capital, marks a transformative moment for InSolare as it accelerates its mission to deliver cutting-edge renewable energy solutions.
Led by Navashil Sharma, InSolare has distinguished itself as a customer-centric provider of renewable energy solutions, leveraging technology and innovation to address the evolving needs of clients across India. With a strong track record spanning over a decade, the company has executed over 300MW of EPC work orders and is poised for further expansion with plans for a 500MW Solar Park.
The infusion of capital, which includes contributions from Anchorage Capital Fund and Khazana Tradelink, underscores investor confidence in InSolare’s strategic vision and its potential to drive meaningful impact in the renewable energy sector. The partnership with Negen Capital, a leading investor with a focus on sustainability, highlights the alignment of values and the shared commitment to advancing renewable energy solutions.
InSolare’s recent accomplishment of completing the 70 MWp Solar Park in Jalna, Maharashtra, serves as a testament to its expertise and dedication in the field. With an AC capacity of 46.6 MW and a DC capacity of 65.35 MWp, this milestone project showcases InSolare’s ability to deliver tangible results while contributing to a greener future.
Navashil Sharma, Founder and CEO of InSolare, expressed gratitude for the support of investors and outlined the company’s vision for the future. “This investment not only validates our approach but also provides the resources necessary to accelerate our growth trajectory. We are committed to driving innovation and expanding our reach, delivering comprehensive renewable energy solutions that make a difference.”
The participation of Negen Capital, alongside other esteemed investors, signals a vote of confidence in InSolare’s ability to lead the charge towards a cleaner, more sustainable energy future. With the backing of seasoned investors and a steadfast commitment to excellence, InSolare is poised to make significant strides in shaping the renewable energy landscape.
