Goldi Solar Secures Rs 1,400 Crore Boost for Solar Expansion

The Gujarat-based company, Goldi Solar, has successfully raised over Rs 1,400 crore to enhance its solar module capacity across India. The funds have been sourced from a prominent mix of investors, spearheaded by consumer electronics giant Havells India, and digital brokerage firm Zerodha's co-founder, Nikhil Kamat.

Ishver Dholakiya, Founder and Managing Director of Goldi Solar, mentioned that this newly acquired capital will play a crucial role in amplifying the company's capacity expansion plans. In a strategic move to boost their manufacturing shelf, Goldi Solar will channel these funds into nurturing state-of-the-art solar technologies.

The landmark investment, advised by SBI Capital Markets Ltd and Saraf and Partners, is set to propel Goldi Solar's expansion efforts in solar module manufacturing, solar cell production, and broader market outreach. Market sources indicate Havells alone contributed Rs 600 crore, while Kamat added Rs 140 crore to this growth capital.