Solarvest Renewables Raises $62 Million Series B to Build 1.2 GW C&I Solar Pipeline
Mumbai-based commercial and industrial solar developer Solarvest Renewables has raised $62 million in a Series B led by GEF Capital Partners and British International Investment, targeting 1.2 GW of operational capacity by FY28.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $62 M |
| Stage | Series B |
| Lead investor | GEF Capital Partners |
| Headquarters | Mumbai, India |
| Sector | Solarvest |
| Coverage | Startup Funding |
Solarvest Renewables, a Mumbai-based commercial and industrial (C&I) solar developer, has closed a $62 million Series B led by GEF Capital Partners with participation from British International Investment (BII) and existing backers.
Use of Capital
Why It Matters
India's C&I segment is the fastest-growing slice of the renewables market, driven by corporate net-zero commitments and rising grid tariffs. The round adds to a $1.4 billion total flowing into Indian cleantech in H1 2026.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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