InSolare raises $8 Mn led by Negen Capital

InSolare, a leading renewables EPC company dedicated to customer-centric and technology-driven solutions, has raised Rs 66 crore (approximately $8 million) in a growth funding round led by Negen Capital. 

Mukul Mahavir Aggarwal, Anchorage Capital Fund and Ankit Mittal, Khazana Tradelink also participated in the round.

The investment will enable InSolare to further enhance its capabilities and accelerate its impact in the renewable energy sector, the company said in a press release.

Led by Navashil Sharma, Insolare is a customer-centric renewable energy solution provider with over a decade of experience in delivering solutions to commercial and industrial clients pan India. The firm boasts a robust portfolio, executing over 300MW EPC work orders and planning for a 500MW Solar Park.

Last year, InSolare announced the completion of 70 MWp Solar Park in Jalna, Maharashtra, which has an AC capacity of 46.6 MW and DC capacity of 65.35 MWp.