Archive · 30 Jun 2025
SolarSquare Eyes Global Expansion, Targeting Profitability by 2027
SolarSquare, a company that helps put solar panels on homes, is planning to expand its business to other countries.
They are also moving into 30 more cities in India.
They received a lot of money from investors recently, which will help them grow.
SolarSquare is working on new ways to make solar energy easier to use and maintain, like offering easy payment plans and regular checkups for solar panels.
They are aiming to make the company profitable by 2027.
SolarSquare Energy plans international expansion and aims for profitability by FY27.
The cleantech startup aims to enter 30 new Indian cities and is focused on high-potential states.
SolarSquare raised a $40 million Series B round in December 2024 and saw a doubling of operating revenues to approximately Rs 340 crore in FY25.
The company is investing in smart energy solutions, post-installation services, and solar + storage solutions for homes.
SolarSquare is targeting profitability by FY27, focusing on efficiency and unit economics, with plans for an IPO.
- Who
- SolarSquare Energy, a cleantech startup.
- What
- SolarSquare Energy is expanding its business.
- When
- The company is targeting profitability by FY27.
- Where
- Expansion includes new cities in India and potential international markets.
- Why
- To capitalize on growing consumer interest, improve energy efficiency, and expand their market presence.
- Series B Round
- $40 million (December 2024)
- FY25 Revenue
- Approximately Rs 340 crore
- Expansion Target
- 30 new cities
- Profitability Target
- FY27
- Market Share
- 1% of Indian homes have adopted solar