Cleantech firm SolarSquare Energy eyes global expansion

CLEANTECH STARTUP SOLARSQUARE Energy is eyeing global expansion even as it forays into 30 new cities in the country.

- S SHANTHI

CLEANTECH STARTUP SOLARSQUARE Energy is eyeing global expansion even as it forays into 30 new cities in the country. "Early conversations are underway and it's an exciting next step," Neeraj Jain, co-founder and director, SolarSquare Energy, told FE.

The startup is not actively looking at a fundraise but could consider a Series C in mid-to-late FY26 to fuel its international expansion. "Our Series B gives us a solid runway till early FY27," Jain added. SolarSquare closed a $40 million Series B round in December 2024, led by Lightspeed, with participation from Lightrock, Elevation, Lowercarbon, and Rainmatter, claiming this is the largest mop-up ever by a domestic residential solar startup.