Indian rooftop solar startup SolarSquare is in advanced talks to raise $55-60 million in a Series C round led by B Capital and Lightspeed Venture Partners, potentially doubling its valuation to $450-500 million. This comes after securing India's largest solar venture investment in 2024, reflecting growing investor confidence in India's residential solar market. The funding will support India's ambitious renewable energy goals, including reaching 500GW of renewable capacity by 2030, with solar expected to contribute more than half.
Background
India has emerged as a major player in solar energy, becoming the world's third-largest solar power producer in 2025. The country has set ambitious renewable energy targets, aiming for 500GW of renewable capacity by 2030, with solar expected to contribute more than half of that total.
- Source
- TechCrunch
- Published
- May 24, 2026 at 04:03 AM
- Score
- 6.0 / 10