MYSUN, a Delhi based technology platform for rooftop solar energy solutions for industry, SMEs/MSMEs and homes, has raised INR 32 Crores from its existing investors in a structured equity deal as a part of its Pre-Series A round. The company is planning to delve into newer markets and newer business models in the short to medium term to scale up its technology, customer acquisition, in the parts of Middle East, the Asia Pacific and Africa. With this investment, MYSUN will also foray deeper into its in-house SME financing solutions, catering to the unique solar financing needs of SMEs/ MSMEs and individuals making solar ownership a hassle-free experience and financing play, it is looking to raise Rs 250 Crores over the next few quarters, the company said in an official statement. 

Gagan Vermani, Founder and CEO of MYSUN said “We are committed to the vision to make solar energy access easy and reliable for the consumers. Our focus continues to use technology as a backbone of our business and to unlock the huge underserved consumer segments like SMEs and homes. We are happy to continue to have the confidence of our investors and the patronage of our ever-rising pool of customers.”

The platform provides an end to end solar solutions and services company, backed by advanced technology and engineering with emphasis on providing 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.

MYSUN is revolutionizing the complete ownership experience of solar in India with a strong backbone of technology including AI-based tools, a one-of-its-kind advanced mobile app for on-site surveying & shadow analysis for accurate energy forecasting, and IoT tools for energy monitoring and enhanced customer experience.

MYSUN has already catered to millions of customers online and in the past 4 years, expanded across several states in India, with the commissioning of major projects for large, medium and small industries; homes and institutes.