Candi Solar
Candi Solar is a renewable energy company in Zurich, India, founded in 2017. It has raised $65.0M across 3 rounds, most recently a $24.0M Convertible Note in 2024 (est.).
Zero-cost solar and battery solutions for businesses in India and Africa
- Headquarters
- Zurich
- Employees
- 51–200
- Founded
- 2017
- Business Model
- B2B
- Website
- candi.solar
- Total Funding
- $65.0M
- Last Round
- $24.0M Convertible NoteJan 2024
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 6 investors for this company. The full record is or through the API.
About
Candi Solar is a Swiss-engineered solar and battery solutions company founded in 2017 that partners with businesses to provide simple, end-to-end solar and storage installations with zero upfront cost and 100% financing. The company specializes in highly customised, financially attractive, and risk-free solar power solutions for small and medium-sized enterprises, handling the complete process from financing and installation through to ongoing system management and performance guarantees. Candi Solar operates primarily in India and South Africa, serving businesses that want to reduce energy costs and carbon emissions without capital expenditure. The company offers customized finance and performance solutions and guarantees optimal energy performance and reliability over the life of each installation. As of 2026, Candi Solar has raised approximately $66 million in total funding across nine rounds from investors including IFC, responsAbility, Norfund, and STOA.
Summary
It lists 51–200 employees. It has raised $65.0M in total across 3 rounds, most recently a $24.0M Convertible Note round in 2024 (est.). Investors include Norfund, International Finance Corporation and Kyuden International.
Tech & App Stack
3 technologies & apps tracked
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Funding History
2024 (est.)
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Funding: Convertible Note through Grant. Amounts, valuations, and investors where available.
Investors
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