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§ Private Profile · Hyderabad, Andhra Pradesh, India
Solar energy provider offering rooftop solar solutions and microgrid projects with financing for homes, businesses, and remote villages.
Freyr Energy is a Hyderabad, India-based renewable energy company that provides rooftop solar installations, microgrid infrastructure projects, and financing solutions for residential, commercial, and off-grid rural markets. The enterprise manages the solar adoption lifecycle through its proprietary technology platform, offering EMI options and unsecured loans to facilitate customer acquisition. Operating at scale, the organization has completed more than 1,000 installations across 18 Indian states and currently serves over 5,000 customers throughout a domestic network spanning 40 cities. Beyond its domestic operations, the firm executes international energy and battery storage projects in global markets including the USA, Nigeria, and Ghana. To support its continued expansion, the company secured $1.5 million in Series A funding backed by institutional investors C4D Partners and Impact Partners. Freyr Energy was founded in 2014 by Saurabh Marda and Radhika Choudary.
Freyr Energy has raised $15.2M across 4 funding rounds.
Freyr Energy has raised $15.2M in total across 4 funding rounds.
Freyr Energy has raised $15.2M across 4 funding rounds. Most recently, it raised $7.0M Series B in October 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 16, 2023 | $7M Series B | Rodrigo Madrazo | Lotus Capital, Maybright Ventures, Schneider Electric, VT Capital | Announced |
| Apr 21, 2021 | $2.4M Venture Round | — | Arvind Agarwal, Gilles Vermot Desroches, Florian Temime | Announced |
| Apr 1, 2021 | $2M Series U | — | C4D Partners, TotalEnergies Ventures | Announced |
| Nov 26, 2018 | $3.8M Series A | Arvind Agarwal | — | Announced |
Freyr Energy has raised $15.2M in total across 4 funding rounds.
Freyr Energy's investors include Rodrigo Madrazo, Lotus Capital, Maybright Ventures, Schneider Electric, VT Capital, Arvind Agarwal, Gilles Vermot Desroches, Florian Temime, C4D Partners, TotalEnergies Ventures.
Freyr Energy is a leading Indian rooftop solar company specializing in solar panel installations for residential and commercial customers, particularly homeowners and small businesses. It builds proprietary technology platforms, including the Freyr Energy Solar App, that streamline the customer journey from education and quotes to installation, real-time monitoring, and post-sales maintenance, solving issues like poor choices due to lack of knowledge, low-quality setups, and inadequate service.[1][7][3] The company serves markets in states like Telangana, Andhra Pradesh, Uttar Pradesh, and others, offering innovations such as self-cleaning solar systems and hybrid setups with battery storage for uninterrupted power, achieving payback periods of 3-4 years via subsidies and financing.[2][7] With over 12,000 customers and No. 1 ranking in Telangana and Andhra Pradesh, Freyr demonstrates strong growth through tech-driven efficiency and partnerships like Schneider Electric for smart home integration.[7][3]
Freyr Energy was founded in 2014 (with some sources noting 2015) in Hyderabad, India, by Saurabh Marda (Co-Founder & Managing Director) and Radhika Choudary, driven by the vision of making clean solar energy simple, affordable, and fast for homeowners, businesses, and communities amid rising traditional electricity costs and pollution.[4][3][7] The idea emerged from recognizing barriers in India's solar adoption, leading to a platform that automates design, vendor selection, and execution while ensuring quality via curated suppliers.[1][4] Early traction came from challenging projects, like a 100 kW canal installation, and scaling to over 250 channel partners, establishing leadership in Telugu states.[4][2][7]
Freyr Energy stands out in India's solar market through technology and customer focus:
Freyr Energy rides India's renewable push toward 500 GW clean energy by 2030, targeting rooftop solar in dust-prone, blackout-heavy regions like Uttar Pradesh and Maharashtra where traditional grids falter.[2][7] Timing aligns with government subsidies, falling solar costs, and rising awareness, amplified by tech like AI optimizers and self-cleaning panels that boost efficiency in harsh conditions.[5][9] It influences the ecosystem by empowering micro-entrepreneurs, accelerating adoption via apps and financing, and partnering with giants like Schneider Electric to integrate solar with smart homes, reducing carbon emissions 33-35% by 2030.[3] This positions Freyr as a key enabler in democratizing reliable, profitable renewables for households and MSMEs.[2][5]
Freyr Energy's momentum—12,000+ customers, regional dominance, and innovations like AI-driven optimizers—poises it for national expansion amid India's solar boom.[7][2] Next steps likely include scaling self-cleaning/hybrid systems, deepening AI for predictive maintenance, and more enterprise integrations to tap MSME growth.[5][8] Trends like AI analytics, subsidies, and net-zero goals will propel it, potentially evolving influence toward community-scale projects and exportable tech models, solidifying its role from regional leader to pan-India solar pioneer.[9][3] This tech-centric approach keeps solar accessible, mirroring its founding promise of seamless clean energy transitions.[1]