COMPANY OVERVIEW
Background: Founded in 2018, the company is a Swiss-based C&I solar developer supported by DFIs, international investors, and debt funds. Specializing in solar installation, financing, and with operations across Asia and Africa, the company leverages its Swiss roots and strong local presence to offer businesses a seamless and efficient transition to solar power alternatives
Track-record: The company has a portfolio of 50 MW+ operational and ~40 MW under construction projects, in India alone. Over the last 2 years, the Company has significantly grown its revenue by nearly 230%
Revenue model: The focus is on building a customer base distributed around BBB, with a significant portion of SMEs rated BB-B and another chunk of A-rated customers.
Management Overview: The company has a seasoned management team with over 150 years of cumulative experience across key management team members in the renewable energy sector.
USE OF FUNDS
- – Development of distributed portfolio of 40 MW across India. The projects are currently under various stages of development and require debt financing.
- The PPAs and off-take agreements have already been signed for these projects.
POTENTIAL IMPACT
The company enables small and medium enterprises (SMEs) to switch to open access routes to procure low-cost renewable energy voluntarily at much cheaper rates
FUNDRAISE OVERVIEW
Deal Size:
Deal Type:
Financing Type:
US$11M - US$30M
Within 6 Months
Debt
ACTIVITY
Sector:
Country:
Renewables (Wind / Solar / Hydro)
India
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