PE Fund Investments

Solar EPC solutions provider Soleos raises Rs.27-Cr from India Ahead Venture, others

Business Line  

Ahmedabad-based Soleos Solar Energy Pvt Ltd , a provider of solar EPC (engineering, procurement, and construction) solutions, has raised around INR 26.5 crore in equity funding.The funding round’s investors include India Ahead Venture Fund, Sunil Singhania’s family office, Madhuri Madhu Kela, Nabs Vriddhi LLP, Pawan Agarwal, Head of PCG at InCred Capital and other HNIs (high networth individuals). Swastika Investmart Ltd was the lead advisor to the transaction.Since the company offers power solutions, the funding will assist the company in project execution, team building, international business development and Independent Power Projects (IPP).

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