Freyr Energy funding

Freyr Energy, one of India’s leading solar rooftop companies, announced an equity investment of INR 18 Cr from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia, and C4D Partners. Freyr Energy uses technology to transform the way homeowners and MSMEs shift to solar. A few months back, Freyr Energy rolled out its innovative customer App – SunPro+, which simplifies the whole process of owning a solar system. The company will use the freshly raised funds to boost growth and improve customer experience.

Commenting on the investment, Florian Temime, Principal, Total Carbon Neutrality Ventures (the venture capital arm of Total) said, “Freyr Energy has fully digitalized the customer journey thanks to its proprietary software environment SunPro+. We are convinced that this innovative software will ease the acquisition of rooftop solar customers and facilitate the entire customer journey from acquisition through to financing, execution, and after-sales service. We see SunPro+ as a key success factor for Freyr’s development.”

Gilles Vermot Desroches, President of SEEA Asia and SVP at Schneider Electric also commented that “Through the innovative and scalable SunPro+ solution, Freyr Energy can contribute to mass-market adoption of solar energy, generating significant environmental impact while creating employment opportunities within their network of vendors.” 

Speaking about the follow-on investment by C4D Partners in Freyr Energy, Arvind, Partner, C4D Partners said, “Through their technology, Freyr Energy has the potential to change how rooftop solar is sold and managed in India and other countries. Freyr Energy could bring much-needed consolidation in the sector”. 

Saurabh Marda, Managing Director of Freyr Energy said, “Along with our existing investor C4D Partners, strategic investors like Total Carbon Neutrality Ventures and Schneider Electric Energy Access Asia provide us not only capital but global experience in the energy sector.”

Freyr Energy is making the adoption of the solar system easier and convenient for its customers. The fresh funds would help the company in scaling its operations.

Shishir Gupta, Founder and CEO, StartupLanes

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