MYSUN, a Delhi-based technology platform for rooftop solar energy solutions for industry, SMEs/MSMEs, and homes, has raised Rs 32 crore($4.24 Million) from its existing investors in a structured equity deal as a part of its Pre-Series A round.
The company plans to use the capital to further improve its technology infrastructure, scale up the service offerings, and expand to newer geographies, both in India and globally, including parts of the Middle-East, Asia-Pacific, and Africa. With this investment, MYSUN will also foray deeper into its in-house SME financing solutions, catering to the solar financing needs of SMEs/MSMEs and individuals making solar ownership a hassle-free experience, it added.
Founded in September 2015, MYSUN is an end-to-end solar solutions and services company which provides tailor-made solar solutions and solar financing solutions to industry, SMEs and MSMEs in particular, and homes/residential customers. Its proprietary demand generation and demand aggregation tools already make it the largest online solar platform in India, the company claimed.