Wednesday, May 22

Tag: Freyr Energy

Freyr Energy Secures INR 58 Crores Investment, leading the Charge in Accelerating the Transition to Solar Energy for Retail Customers in India
RE Industry Updates, RE Updates

Freyr Energy Secures INR 58 Crores Investment, leading the Charge in Accelerating the Transition to Solar Energy for Retail Customers in India

Freyr Energy, a leading tech-enabled rooftop solar company in India, has secured an equity investment of INR 58 Crores. Freyr Energy is at the forefront of sustainable change accelerating the transition to solar energy for the retail customers (Homeowners and Micro, Small, and Medium Enterprises) in India. The round was led by EDFI ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company which invested USD 3 million. Other investors who participated in the round are Schneider Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures and VT Capital. Rodrigo Madrazo (CEO of EDFI Management company) expressed his enthusiasm for this transformative investment, stating, “The solar market for the retail sector in India is highly fragmented a...