Solar Startup CleanMax Solar Raises $39 Mn from UK Climate Investments
CleanMax Solar, a leading rooftop solar developer, has raised ?275 core (~ US$39 million) in investment from the United Kingdom (UK) Climate Investments
- The funds will help support CleanMax Solar's business expansion and development of a nationwide network of solar photovoltaic (PV) farms for corporates.
- UKCI's investment will support CleanMax Solar as it expands its renewable energy portfolio – facilitating renewable energy buying for corporates through the construction of a network of private solar farms across India.
- Kuldeep Jain, the founder and managing director of CleanMax Solar said, "Corporates are quickly adopting renewables sourcing at scale to achieve the twin benefits of profit improvement and carbon footprint reduction.
- Early this year, an another solar rooftop startup, ZunRoof, had raised an undisclosed sum in the third round of angel funding from angel investors including Ramakant Sharma, Founder of Livspace and Arun Diaz of IntelleGrow along with the lead investors of ZunRoof's previous round.