Rooftop solar company Freyr Energy has raised Rs 27 crore in a mix of equity and debt in a round led by C4D Partners, a Netherlands-based Impact Investment Fund.
The Hyderabad-based company had raised seed funding from another Netherlands-based investment company Doen-Participaties last year.
“Freyr Energy is committed to leveraging its technology platform to accelerate the growth of decentralized solar both in India and major solar markets around the world. The funds raised will be used to continue improving our technology platform, increase the strength of our sales and channel partner network and support our marketing activities to fuel future growth,” said Freyr Energy co-founder Saurabh Marda.
