Leading renewable energy project construction company InSolare, which is committed to providing technology- and customer-driven solutions, has raised Rs 66 crore (about $8 million) in a growth funding round headed by Negen Capital.
Ankit Mittal of Khazana Tradelink and Mukul Mahavir Aggarwal of Anchorage Capital Fund also took part in the round.
According to a press release from the company, InSolare will be able to accelerate its impact in the renewable energy sector and further enhance its capabilities thanks to the investment.
Under the leadership of Navashil Sharma, Insolare is a customer-focused provider of renewable energy solutions with more than ten years of experience serving commercial and industrial clients throughout India. With over 300 MW of completed EPC work orders under its belt and plans for a 500 MW solar park, the company has a strong portfolio.
With a 46.6 MW AC and 65.35 MW DC capacity, the 70 MWp Solar Park in Jalna, Maharashtra, was completed, according to an announcement made by InSolare last year.
