Goldi Solar, a solar photovoltaic (PV) module manufacturer, has raised ₹137.5 crore from Zerodha co-founder Nikhil Kamath.
The funds raised will be used to expand its manufacturing capacity and expand into solar cell production.
Founded in 2011 by Ishverbhai Dholakia, Goldi Solar is a PV module manufacturer. The company operates advanced manufacturing facilities in Surat, Gujarat.
In the last 12 months, Goldi nearly tripled its solar PV module capacity from 3 GW to 14.7 GW. It is also building solar cell manufacturing units in Surat as part of its backwards integration strategy.
The company is now venturing into large-scale solar cell manufacturing to serve both domestic and export markets.
Nikhil Kamath said, “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition.”
