SolarSquare, a homegrown residential solar brand, has raised $53 million in a Series C funding round led by B Capital and existing investor Lightspeed. Other existing investors Elevation Capital, Lowercarbon Capital, Rainmatter by Zerodha and Good Capital also returned to participate in the current round. This takes the total capital raised by the startup to over $100 million. The startup plans to use the raised capital to accelerate geographic expansion into new cities, deepen its technology capabilities, hire talent and scale the platform.

“Five years ago, we made a conviction-led bet that every Indian home will be powered by rooftop solar. At the time, residential solar was still very nascent, with barely 1 Lac homes going solar per year. Today, the category has inflected with 1 Lac homes adopting solar every 10 days in India. And we want to build the operating system for this energy transition in India - with solar installation solutions, after-sales, financing, battery solutions, home energy management. This capital will allow us to accelerate that vision,” said, Shreya Mishra, who is also the CEO of SolarSquare.

Rahul Taneja, Partner at Lightspeed India said, "We backed SolarSquare on the belief that trust would decide who wins residential solar in India. Since our Series B, they’ve proven it - through their full-stack model, performance guarantee plans, and sheer operating discipline. We remain strong believers and have doubled down in this round.”

About Solar Square

Solar Square has been Founded in 2015 by Neeraj Jain, Nikhil Nahar, and Shreya Mishra, SolarSquare operates as a full-stack home energy platform, managing everything from initial consultation and system design to installation, financing support, and long-term maintenance. The startup said that the vertically integrated model is designed for a market that has historically been fragmented and unorganised.