Candi Solar

Zero-cost solar and battery solutions for businesses in India and Africa

Zurich, India · Founded 2017 · $65.0M raised

Headquarters
Zurich
Employees
51–200
Founded
2017
Business Model
B2B
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.

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

Candi Solar is a Renewable Energy company based in Zurich, India, founded in 2017. It has raised $65.0M in total across 3 rounds, most recently a $24.0M Convertible Note round in Jan 2024. Investors include Norfund, International Finance Corporation and Kyuden International.

Tech & App Stack

3 technologies & apps tracked

Every product and vendor across these categories, with where each signal came from.

Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.

Funding History

ConvertibleConvertible NoteJan 2024
$24.0M

Sign up to see all 5 events

Funding: Convertible Note through Grant. Amounts, valuations, and investors where available.

Investors

Similar Companies

Your company? Embed this profile

Add the live badge to your site — it stays current as your funding data updates.

Candi Solar on Indexed.vc
<a href="https://indexed.vc/companies/candi-solar"><img src="https://indexed.vc/api/badge/company/candi-solar" alt="Candi Solar on Indexed.vc" width="260" height="76" /></a>