Radar · Energy in India
Best Energy Companies in India
The 3610 best Energy companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: ReNew.
By Riya SenguptaFinancials
3610companies tracked
$24.7Bdisclosed funding
4unicorns
254have raised
India's Energy sector, tracked across 3,610 companies, has pulled in $24.7 billion in disclosed funding, and this directory ranks the best of them by equity raised and recent momentum. That's not a small number. ReNew alone accounts for $2.0 billion of it, with Ampin Energy Transition at $398 million and Blupine Energy at $594 million trailing close. Four unicorns have cleared the threshold, and backers like IFC, Goldman Sachs, and British International Investment aren't writing those cheques into thin air.
So what's actually moving the needle right now? Solar PV, EV battery technology, and energy management systems are the themes drawing the most coverage, and India's $1.7 trillion energy crisis frames the urgency behind all of it. Across 138 tracked energy apps, median install growth is running at roughly 28% year-on-year, which tells you consumer-side adoption is catching up to the capital side. I'd point you toward the distributed energy resources thread specifically, because that's where flexible load management and solar-driven EV charging are compounding fastest. The companies below are ranked by what they've actually raised.
Sources & further reading
- West Asia war lays bare weak links in India’s renewable energy plan, grid networ
- International grid edge study reveals countries needs and readiness f
- Are Solar Power Solutions Worth It for Residential Homes in India?
FLIAR INTELLIGENCE · ENERGY × INDIA
Our analysis of 50 Energy companies
$12.0b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
71%cloud-native stacks
2025funding peak (by rounds)
2unicorns
2013median founding year
3.4Mcombined LinkedIn audience
34%of audience held by top 3
13companies hiring publicly (12 mo)
Ranked: Best Energy companies in India
| # | Company | Disclosed funding | Last round | Revenue | Revenue YoY | Employees | Founder | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Kalpataru Projects International Provider of engineering, procurement, and construction solutions 74Partners top 24%Market top 25%Moat top 28%Talent top 28% All 10 signals ▾Partnerstop 24% Markettop 25% Moattop 28% Talenttop 28% Fundingtop 32% Fin. healthtop 32% Newstop 41% Techtop 45% Growthbottom 49% Globalbottom 41% Partners: 2 partnership announcements in 12 mo (3 in 24 mo) · 12 contract events in 12 mo Market: Revenue ~$2.6B · ~10% of tracked Electricity Transmission & Distribution Project Developer revenue (133 cos, FY2025) rank vs industry peers · Fliar Intelligence Index 74/100 | $117M | 17 mo ago | $2.6B FY2025 | +14% | — | Manish Mohnot CEO & Managing Director | 43 signals ▼39% Earnings · Contracts · Announcements | 1 job opening · 2 awards |
| 2 | Waaree Energies 🦄 Manufacturer of solar PV modules 91Partners top 9%Market top 20%Funding top 21%Tech top 21% All 11 signals ▾Partnerstop 9% Markettop 20% Fundingtop 21% Techtop 21% Talenttop 21% Fin. healthtop 25% Growthtop 29% Moattop 30% Newstop 34% Producttop 39% Globalbottom 37% Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B rank vs industry peers · Fliar Intelligence Index 91/100 | $263M | 7 mo ago | $1.8B FY2025 | +28% | 1,307 1,307 → 2,674 (+105%) | Pawan Agrawal CEO | 182 signals Earnings · Announcements · Contracts | — |
| 3 | Adani Green Energy Independent power producer from renewable energy sources 72Partners top 18%Market top 24%Moat top 26%Fin. health top 27% All 10 signals ▾Partnerstop 18% Markettop 24% Moattop 26% Fin. healthtop 27% Talenttop 28% Fundingtop 29% Newstop 34% Techtop 50% Growthbottom 45% Globalbottom 37% Partners: 5 partnership announcements in 12 mo (9 in 24 mo) · 22 contract events in 12 mo Market: 1,112 employees (top 11% of Energy) · Revenue ~$1.5B rank vs industry peers · Fliar Intelligence Index 72/100 | $1.2B | 28 mo ago | $1.5B FY2025 | +18% | 1,112 | Gautam Adani Founder | 142 signals ▼37% Earnings · Announcements · Contracts | 2 awards |
| 4 | Sterlite Electric Manufacturers of high power electric cables 76Funding top 25%Market top 30%Fin. health top 37%Talent top 38% All 7 signals ▾Fundingtop 25% Markettop 30% Fin. healthtop 37% Talenttop 38% Globaltop 40% Growthbottom 49% Techbottom 47% Funding: Raised $814M across 6 rounds · 6 rounds over 6 yrs (1.0/yr) Market: Revenue ~$600M · ~5% of tracked Electricity Transmission & Distribution Equipment revenue (327 cos, FY2025) rank vs industry peers · Fliar Intelligence Index 76/100 | $814M | 18 mo ago | $600M FY2025 | +1% | — | Frederic Trefois CEO | — | 3 expansions · 1 award |
| 5 | Greenko Group Provider of energy transition and decarbonization solutions 69Funding top 18%Product top 18%Innovation top 20%Moat top 34% All 11 signals ▾Fundingtop 18% Producttop 18% Innovationtop 20% Moattop 34% Fin. healthtop 35% Talenttop 38% Growthtop 46% Techtop 50% Marketbottom 48% Globalbottom 39% Newsbottom 24% Funding: Raised $943M across 16 rounds · 16 rounds over 17 yrs (0.9/yr) Product: 4 distinct product lines · Company stage: Series F rank vs industry peers · Fliar Intelligence Index 69/100 | $943M | 11 mo ago | $346M FY2025 | +13% | 5 | Anil kumar Chalamalasetty Co-Founder | — | 1 award |
| 6 | Rayzon Solar Manufacturer of photovoltaic solar modules 60Fin. health top 22%Moat top 34%Market top 35%Growth top 39% All 10 signals ▾Fin. healthtop 22% Moattop 34% Markettop 35% Growthtop 39% Producttop 47% Fundingtop 49% Talentbottom 49% Techbottom 33% Newsbottom 33% Globalbottom 30% Fin. health: Revenue ~$335M (FY2024) · Net margin 11.7% Moat: Top 1% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 60/100 | $16M | 14 mo ago | $335M FY2025 | +122% | 203 | Hardik Kothiya Co-Founder & Managing Director | 3 signals ▼50% Regulatory · Announcements | 1 award |
| 7 | Pace Digitek Provider of power management and optic fiber laying solutions 55Partners top 14%News top 24%Moat top 36%Market top 37% All 10 signals ▾Partnerstop 14% Newstop 24% Moattop 36% Markettop 37% Fundingtop 38% Growthtop 40% Fin. healthtop 41% Talentbottom 49% Techbottom 37% Globalbottom 37% Partners: 17 contract events in 12 mo · Named contractor/client in 17 deals News: 38 BI events in 12 mo (of 42 tracked, 6 types) · +1167% YoY rank vs industry peers · Fliar Intelligence Index 55/100 | $29M | 17 mo ago | $291M FY2025 | — | — | Venugopalrao Maddisetty Founder & Managing Director & Chairman | 38 signals ▲1167% Contracts · IPO · Announcements | — |
| 8 | Silver Pumps & Motors Manufacturer of diverse electrical products, agricultural equipment, and solar solutions 84Moat top 19%Fin. health top 24%Funding top 25%Growth top 25% All 8 signals ▾Moattop 19% Fin. healthtop 24% Fundingtop 25% Growthtop 25% Talenttop 28% Markettop 29% Techtop 41% Globalbottom 36% Moat: Top 2% by revenue among 1951 tracked Solar Energy companies · 9 curated direct competitors tracked Fin. health: Revenue ~$191M (FY2022) · Net margin 2.9% rank vs industry peers · Fliar Intelligence Index 84/100 | $125M | 12 mo ago | $191M FY2025 | +80% | — | Gokalbhai Patel Co-Founder | — | — |
| 9 | CleanMax Developer of solar energy projects 78Product top 14%Innovation top 20%Funding top 22%News top 23% All 12 signals ▾Producttop 14% Innovationtop 20% Fundingtop 22% Newstop 23% Markettop 34% Moattop 34% Growthtop 37% Talenttop 38% Techtop 39% Fin. healthbottom 49% Partnersbottom 46% Globalbottom 39% Product: 6 distinct product lines · Company stage: Public Innovation: 6 product lines rank vs industry peers · Fliar Intelligence Index 78/100 | $443M | 13 mo ago | $190M FY2025 | — | 333 | Kuldeep Jain Co-Founder & Managing Director | 18 signals ▲125% IPO · Earnings · Announcements | 2 partnerships |
| 10 | GREW Solar Manufacturer of photovoltaic modules, offering engineering, procurement, and construction for solar projects 84Growth top 13%Fin. health top 26%Funding top 28%Market top 37% All 7 signals ▾Growthtop 13% Fin. healthtop 26% Fundingtop 28% Markettop 37% Techtop 45% Talentbottom 49% Globalbottom 36% Growth: Revenue +605% YoY · Web rank 50,000,000 → 5,000,000 YoY Fin. health: Revenue ~$169M (FY2023) · Net margin 5.7% rank vs industry peers · Fliar Intelligence Index 84/100 | $150M | 4 mo ago | $169M FY2025 | +605% | — | Vinay Thadani CEO & Director | — | 1 award |
| 11 | Continuum Wind Energy Independent power producer specializing in the development and operation of large-scale renewable energy… 50Funding top 34%Fin. health top 35%Product top 42%Moat top 48% All 10 signals ▾Fundingtop 34% Fin. healthtop 35% Producttop 42% Moattop 48% Markettop 50% Talentbottom 49% Growthbottom 47% Techbottom 43% Globalbottom 43% Newsbottom 28% Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% rank vs industry peers · Fliar Intelligence Index 50/100 | $150M | 2 mo ago | $167M FY2024 | — | 180 | Arvind Bansal CEO | — | — |
| 12 | Insolation Energy Manufacturer of solar PV module & panel 72Product top 14%Innovation top 20%Moat top 30%Fin. health top 33% All 12 signals ▾Producttop 14% Innovationtop 20% Moattop 30% Fin. healthtop 33% Talenttop 38% Techtop 39% Fundingtop 42% Markettop 43% Growthtop 45% Newstop 45% Partnersbottom 32% Globalbottom 30% Product: 7 distinct product lines · Company stage: Public Innovation: 7 product lines rank vs industry peers · Fliar Intelligence Index 72/100 | $48M | 20 mo ago | $159M FY2025 | +81% | 98 | Manish Gupta Founder-Director | 20 signals ▼20% Earnings · Regulatory · Announcements | 1 award |
| 13 | Rays Power Infra Provider of solar engineering, procurement, and construction services for power projects 57Moat top 20%Market top 40%Fin. health top 40%Funding top 42% All 10 signals ▾Moattop 20% Markettop 40% Fin. healthtop 40% Fundingtop 42% Growthtop 44% Techtop 46% Talentbottom 49% Partnersbottom 41% Globalbottom 37% Newsbottom 28% Moat: Top 3% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 8/10 Market: 618 employees (top 18% of Energy) · Revenue ~$146M rank vs industry peers · Fliar Intelligence Index 57/100 | $41M | 23 mo ago | $146M FY2025 | +15% | 618 618 → 719 (+16%) | Ketan Mehta Co-Founder & Managing Director | — | 3 job openings · 1 award |
| 14 | Ayana Developer of solar energy projects 57Moat top 21%Funding top 35%Talent top 41%Fin. health top 42% All 10 signals ▾Moattop 21% Fundingtop 35% Talenttop 41% Fin. healthtop 42% Growthtop 43% Markettop 44% Partnerstop 49% Techbottom 48% Globalbottom 37% Newsbottom 33% Moat: Top 3% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 8/10 Funding: Raised $720M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $720M | 28 mo ago | $133M FY2025 | +22% | 149 | Shivanand Nimbargi CEO & Managing Director | 3 signals ▼91% Regulatory · Contracts · M&A | — |
| 15 | Fourth Partner Energy Provider of commercial solar installations and hybrid energy solutions 72Funding top 26%Moat top 28%Talent top 28%Product top 29% All 12 signals ▾Fundingtop 26% Moattop 28% Talenttop 28% Producttop 29% Growthtop 33% Techtop 35% Innovationtop 36% Markettop 37% Partnerstop 41% Newstop 48% Globalbottom 45% Fin. healthbottom 41% Funding: Raised $564M across 12 rounds · 12 rounds over 12 yrs (1.0/yr) Moat: Top 4% by revenue among 253 tracked Wind Energy companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 72/100 | $564M | 22 mo ago | $102M FY2025 | +37% | 201 | Saif Dhorajiwala Co-Founder & Director | 5 signals ▼44% Contracts · M&A · Acquisition | 1 job opening · 2 partnerships · 1 award |
| 16 | Blupine Energy Provider of renewable energy services 72Growth top 25%Funding top 30%News top 33%Moat top 35% All 9 signals ▾Growthtop 25% Fundingtop 30% Newstop 33% Moattop 35% Fin. healthtop 39% Markettop 47% Techtop 49% Talentbottom 49% Globalbottom 37% Growth: Revenue +98% YoY · Fresh capital in last 24 mo Funding: Raised $594M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $594M | 4 mo ago | $83M FY2025 | +98% | — | Neerav Nanavaty CEO | 10 signals ▲43% Announcements · M&A | — |
| 17 | ShreeTech Data Provider of power infrastructure, renewable energy, railway, data center, and manufacturing 72Growth top 22%Fin. health top 32%Talent top 38%Funding top 42% All 7 signals ▾Growthtop 22% Fin. healthtop 32% Talenttop 38% Fundingtop 42% Markettop 44% Techtop 45% Globalbottom 36% Growth: Revenue +50% YoY · Web rank 10,000,000 → 5,000,000 YoY Fin. health: Revenue ~$73.2M (FY2018) · Net margin 10.9% rank vs industry peers · Fliar Intelligence Index 72/100 | $15M | 10 mo ago | $73M FY2025 | +50% | — | Vijayanand Choudhury CEO | — | — |
| 18 | Bhilwara Energy Hydel power producer in India and Nepal 60Moat top 18%Innovation top 20%Product top 25%Funding top 33% All 11 signals ▾Moattop 18% Innovationtop 20% Producttop 25% Fundingtop 33% Growthtop 36% Newstop 36% Fin. healthtop 43% Partnerstop 45% Marketbottom 43% Globalbottom 37% Techbottom 36% Moat: Top 14% by revenue among 57 tracked Hydro Power companies · Editorial + unicorn rating 8/10 Innovation: 10 product lines rank vs industry peers · Fliar Intelligence Index 60/100 | $230M | 15 mo ago | $73M FY2025 | +11% | 5 | — | 6 signals ▲100% Acquisition · Leadership · M&A | — |
| 19 | Ampin Energy Transition Provider of renewable energy solutions 64Growth top 25%Funding top 26%Tech top 34%Moat top 35% All 10 signals ▾Growthtop 25% Fundingtop 26% Techtop 34% Moattop 35% Partnerstop 36% Fin. healthtop 45% Newstop 47% Talentbottom 49% Marketbottom 47% Globalbottom 39% Growth: Revenue +52% YoY · Fresh capital in last 24 mo Funding: Raised $398M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 64/100 | $398M | 6 mo ago | $70M FY2025 | +52% | 5 | Pinaki Bhattacharyya Founder & CEO & Managing Director | 4 signals ▲33% Contracts | — |
| 20 | Aditya Birla Renewables Leading industry player in clean energy solutions with a decade of experience in executing large-scale and… 72Growth top 20%Funding top 25%News top 25%Moat top 31% All 10 signals ▾Growthtop 20% Fundingtop 25% Newstop 25% Moattop 31% Markettop 42% Fin. healthtop 43% Partnerstop 47% Talentbottom 49% Techbottom 37% Globalbottom 37% Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $334M | 6 mo ago | $69M FY2025 | +47% | 222 222 → 494 (+123%) | Amit Jain CEO | 7 signals ▲250% M&A · Funding · Contracts | 1 job opening · 1 award |
| 21 | Radiance Renewables Provider of open access and behind-the-meter solar energy solutions 57News top 25%Funding top 27%Growth top 32%Moat top 36% All 9 signals ▾Newstop 25% Fundingtop 27% Growthtop 32% Moattop 36% Fin. healthtop 37% Talenttop 38% Markettop 49% Globalbottom 37% Techbottom 29% News: 7 BI events in 12 mo (of 22 tracked, 5 types) · +133% YoY Funding: Raised $100M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $100M | 4 mo ago | $68M FY2025 | +35% | 106 106 → 153 (+44%) | Nitin Bhatia CEO | 7 signals ▲133% Funding · Capital raise | 2 partnerships · 1 award |
| 22 | Jupiter Manufacturer of photovoltaic poly-crystalline solar cells 72Innovation top 20%Product top 21%Partners top 26%Moat top 31% All 12 signals ▾Innovationtop 20% Producttop 21% Partnerstop 26% Moattop 31% Fundingtop 36% Talenttop 38% Markettop 39% Techtop 43% Fin. healthtop 47% Newstop 50% Growthbottom 46% Globalbottom 37% Innovation: 5 product lines Product: 5 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 72/100 | $61M | 14 mo ago | $68M FY2025 | -1% | 425 425 → 561 (+32%) | Dhruv Sharma CEO | 7 signals ▼61% Contracts · Hiring | 1 job opening · 1 award |
| 23 | Juniper Green Energy Independent solar power producer 74Innovation top 20%Product top 21%News top 25%Growth top 27% All 11 signals ▾Innovationtop 20% Producttop 21% Newstop 25% Growthtop 27% Fundingtop 35% Moattop 36% Partnerstop 37% Fin. healthtop 42% Marketbottom 47% Globalbottom 43% Techbottom 40% Innovation: 7 product lines Product: 7 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 74/100 | $350M | 10 mo ago | $67M FY2025 | +34% | 19 | — | 25 signals ▲178% Funding · Announcements · Regulatory | — |
| 24 | SolarSquare Chains providing rooftop solar energy systems for residential and commercial properties 76Tech top 20%Growth top 26%Talent top 28%Funding top 35% All 10 signals ▾Techtop 20% Growthtop 26% Talenttop 28% Fundingtop 35% Moattop 36% Markettop 39% Producttop 40% Fin. healthtop 50% Globalbottom 39% Newsbottom 21% Tech: 80 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Growth: Headcount 226 → 726 (+221%) across vintages · Revenue +105% YoY rank vs industry peers · Fliar Intelligence Index 76/100 | $21M | 18 mo ago | $43M FY2025 | +105% | 726 | Shreya Mishra Co-Founder | — | 1 job opening |
| 25 | TMC India Manufacturer of transformers and substations 45Growth top 37%Moat top 37%Funding top 44%Fin. health top 47% All 8 signals ▾Growthtop 37% Moattop 37% Fundingtop 44% Fin. healthtop 47% Marketbottom 49% Talentbottom 45% Globalbottom 29% Techbottom 23% Growth: Headcount 120 → 151 (+26%) across vintages · Revenue +5% YoY Moat: Top 15% by revenue among 327 tracked Electricity Transmission & Distribution Equipment companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 45/100 | $10M | 2 mo ago | $32M FY2025 | +5% | 151 | Hridaynaryan Shukla Founder & Managing Director | — | — |
| 26 | Soleos Solar Energy Provider of finance, insurance, and renewable energy solutions 67Growth top 22%Talent top 28%Tech top 36%Fin. health top 36% All 9 signals ▾Growthtop 22% Talenttop 28% Techtop 36% Fin. healthtop 36% Moattop 37% Fundingtop 48% Marketbottom 45% Globalbottom 43% Newsbottom 22% Growth: Revenue +132% YoY · Web rank 5,000,000 → 10,000,000 YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 67/100 | $5M | 6 mo ago | $28M FY2025 | +132% | — | Bhavesh Rathod Founder & Director | — | — |
| 27 | CORE Energy Systems Provider of engineered package systems and turnkey project solutions 60Growth top 25%News top 28%Fin. health top 28%Talent top 33% All 9 signals ▾Growthtop 25% Newstop 28% Fin. healthtop 28% Talenttop 33% Moattop 37% Markettop 44% Fundingtop 46% Globalbottom 37% Techbottom 18% Growth: Revenue +95% YoY · Web rank 5,000,000 → 10,000,000 YoY News: 6 BI events in 12 mo (of 6 tracked, 2 types) · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 60/100 | $4M | 10 mo ago | $27M FY2025 | +95% | — | Kumar Pranay CEO | 6 signals Announcements · Funding | — |
| 28 | Roofsol Energy Provides solar plant installations, providing engineering, procurement, and construction services 45Talent top 38%Moat top 39%Growth top 40%Funding top 49% All 9 signals ▾Talenttop 38% Moattop 39% Growthtop 40% Fundingtop 49% Fin. healthbottom 47% Marketbottom 45% Techbottom 43% Globalbottom 37% Newsbottom 18% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Moat: Top 11% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 45/100 | $3M | 2 mo ago | $21M FY2025 | +15% | 75 | Dipankar Pal Co-Founder & Managing Director | — | 2 partnerships |
| 29 | Integrum Energy Provider of hybrid renewable energy solutions integrating wind and solar power 27Moat top 34%Talent top 38%Funding bottom 49%Tech bottom 48% All 9 signals ▾Moattop 34% Talenttop 38% Fundingbottom 49% Techbottom 48% Marketbottom 42% Fin. healthbottom 39% Growthbottom 32% Globalbottom 30% Newsbottom 18% Moat: Top 9% by revenue among 132 tracked Renewable Energy Tech companies · Editorial + unicorn rating 3/10 Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 27/100 | $5M | 3 mo ago | $14M FY2025 | -48% | — | Puneet Goel Co-Founder & COO | — | 2 job openings |
| 30 | CIMCON Provider of automation and digital transformation solutions for infrastructure sectors 40Product top 47%Growth top 48%Tech top 50%Funding bottom 49% All 8 signals ▾Producttop 47% Growthtop 48% Techtop 50% Fundingbottom 49% Fin. healthbottom 48% Talentbottom 45% Marketbottom 39% Globalbottom 33% Product: 3 published apps (102 installs) · Company stage: Series A Growth: Revenue -16% YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 40/100 | $6M | 8 mo ago | $12M FY2025 | -16% | — | Anil Agrawal Founder & CEO | — | — |
| 31 | ReNew 🦄 Developer of wind & solar energy, hybrid, and hydro power projects 74Funding top 15%Talent top 22%Tech top 26%Moat top 30% All 8 signals ▾Fundingtop 15% Talenttop 22% Techtop 26% Moattop 30% Markettop 40% Growthtop 45% Fin. healthtop 49% Globalbottom 45% Funding: Raised $2.0B across 26 rounds · 26 rounds over 15 yrs (1.7/yr) Talent: Analyst team rating 5/5 · 4 named leaders on record rank vs industry peers · Fliar Intelligence Index 74/100 | $2.0B | 3 mo ago | $11M FY2025 | — | 644 | Sumant Sinha Founder | — | — |
| 32 | SunSure Provider of renewable energy solutions 55Partners top 17%Talent top 22%Moat top 29%Growth top 32% All 10 signals ▾Partnerstop 17% Talenttop 22% Moattop 29% Growthtop 32% Fundingtop 41% Markettop 49% Techbottom 48% Newsbottom 47% Fin. healthbottom 41% Globalbottom 32% Partners: 11 contract events in 12 mo · Named contractor/client in 11 deals Talent: Analyst team rating 5/5 · 3 named leaders on record rank vs industry peers · Fliar Intelligence Index 55/100 | $92M | 15 mo ago | $11M FY2025 | +128% | 185 185 → 348 (+88%) | Shantanu Faugaat Co-Founder & COO | 12 signals ▼52% Contracts · Funding | 2 partnerships |
| 33 | Serentica Renewables Provider of renewable energy solutions for commercial and industrial clients 48Growth top 22%Partners top 23%Moat top 24%News top 30% All 10 signals ▾Growthtop 22% Partnerstop 23% Moattop 24% Newstop 30% Fundingtop 32% Talenttop 42% Markettop 50% Globalbottom 45% Techbottom 39% Fin. healthbottom 19% Growth: Headcount 80 → 152 (+90%) across vintages · 11 acquisition/expansion moves in 24 mo Partners: 6 contract events in 12 mo · Named contractor/client in 6 deals rank vs industry peers · Fliar Intelligence Index 48/100 | $650M | 29 mo ago | $11M FY2025 | — | 152 | Akshay Hiranandani Chief Executive Officer | 25 signals ▲67% Acquisition · Contracts · Leadership | 1 expansion · 1 award |
| 34 | Truzon Solar Manufacturer of solar power systems 35Talent top 38%Tech top 41%Growth bottom 49%Funding bottom 42% All 7 signals ▾Talenttop 38% Techtop 41% Growthbottom 49% Fundingbottom 42% Marketbottom 41% Fin. healthbottom 37% Globalbottom 36% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Tech: 41 technologies across 3/8 capability areas · Security: Hsts rank vs industry peers · Fliar Intelligence Index 35/100 | $3M | 8 mo ago | $7M FY2025 | — | — | Bhavani Charugundla Founder & MD | — | 5 job openings · 1 expansion |
| 35 | OMC Power Micro-Grid power generation 40News top 29%Moat top 34%Talent top 38%Tech top 39% All 10 signals ▾Newstop 29% Moattop 34% Talenttop 38% Techtop 39% Fundingtop 42% Partnerstop 47% Growthtop 49% Marketbottom 46% Globalbottom 39% Fin. healthbottom 25% News: 6 BI events in 12 mo (of 10 tracked, 4 types) · +200% YoY Moat: Top 27% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 40/100 | $49M | 3 mo ago | $6M FY2025 | +7% | 146 | Sushilkumar Jiwarajka Co-Founder | 6 signals ▲200% M&A · Contracts · Funding | — |
| 36 | ZunRoof Provider of solar panel installation and O&M services 32Moat top 41%Growth top 47%Product top 47%Tech top 49% All 10 signals ▾Moattop 41% Growthtop 47% Producttop 47% Techtop 49% Fundingtop 50% Talentbottom 49% Marketbottom 40% Globalbottom 37% Fin. healthbottom 34% Newsbottom 15% Moat: Top 33% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 5/10 Growth: Headcount 74 → 87 (+18%) across vintages · Revenue +27% YoY rank vs industry peers · Fliar Intelligence Index 32/100 | $6M | 9 mo ago | $4M FY2025 | +27% | 87 | Pranesh Chaudhary Co-Founder & CEO | — | — |
| 37 | Metafin Provider of solar financing platform 57Growth top 17%Funding top 37%Fin. health top 43%Moat top 45% All 8 signals ▾Growthtop 17% Fundingtop 37% Fin. healthtop 43% Moattop 45% Techtop 47% Newstop 47% Globalbottom 39% Marketbottom 37% Growth: Headcount 34 → 83 (+144%) across vintages · Revenue +255% YoY Funding: Raised $7.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $7M | 2 mo ago | $2M FY2025 | +255% | 83 | — | 3 signals ▲50% Funding · Capital raise | — |
| 38 | Leafiniti Bioenergy Offering efficient waste-to-energy solutions 24Growth top 39%News top 40%Talent bottom 49%Funding bottom 45% All 8 signals ▾Growthtop 39% Newstop 40% Talentbottom 49% Fundingbottom 45% Moatbottom 45% Marketbottom 35% Globalbottom 32% Fin. healthbottom 13% Growth: Headcount 47 → 52 (+11%) across vintages · Fresh capital in last 24 mo News: 3 BI events in 12 mo (of 10 tracked, 3 types) · Top themes: Acquisition, Capital raise rank vs industry peers · Fliar Intelligence Index 24/100 | $1M | 2 mo ago | $1M FY2024 | — | 52 | Vijay Nirani Co-Founder | 3 signals Acquisition · Capital raise | — |
| 39 | Coulomb Litech Designer and manufacturer of battery solutions for electric vehicles and stationary energy storage 37Growth top 23%Talent top 38%Tech top 46%Funding bottom 48% All 8 signals ▾Growthtop 23% Talenttop 38% Techtop 46% Fundingbottom 48% Fin. healthbottom 38% Moatbottom 34% Globalbottom 32% Marketbottom 22% Growth: Revenue +127% YoY · Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $3M | 3 mo ago | $469K FY2025 | +127% | — | Ameya Sathe Co-Founder & CEO | — | — |
| 40 | Solfin Provider of SME loans for solar projects 50Growth top 17%Funding top 34%Tech top 40%Talent bottom 49% All 8 signals ▾Growthtop 17% Fundingtop 34% Techtop 40% Talentbottom 49% Moatbottom 44% Fin. healthbottom 40% Marketbottom 34% Globalbottom 32% Growth: Revenue +902% YoY · Web rank 10,000,000 → 5,000,000 YoY Funding: Raised $54.6M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $55M | 0 mo ago | $352K FY2025 | +902% | — | Gautam Kaushik Co-Founder | — | 1 award |
| 41 | Arya Developer of climate infrastructure projects 7Talent bottom 49%Funding bottom 45%Moat bottom 37%Growth bottom 32% All 7 signals ▾Talentbottom 49% Fundingbottom 45% Moatbottom 37% Growthbottom 32% Globalbottom 32% Marketbottom 27% Fin. healthbottom 12% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $11.9M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 7/100 | $12M | 2 mo ago | $194K FY2025 | -56% | — | Mamatha S Founder | — | — |
| 42 | e-TRNL Energy Provider of lithium ion battery 14Talent top 38%Patents top 42%Innovation top 45%Funding bottom 45% All 11 signals ▾Talenttop 38% Patentstop 42% Innovationtop 45% Fundingbottom 45% Growthbottom 42% Newsbottom 40% Techbottom 34% Globalbottom 33% Moatbottom 31% Marketbottom 19% Fin. healthbottom 9% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Patents: 8 patents matched (strict assignee match) · 8 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 14/100 | $911K | 4 mo ago | $16K FY2025 | -62% | 17 | Apoorv Shaligram Co-Founder & CEO | — | 1 job opening |
| 43 | Pranos Fusion Developer of tokamak technology for commercialising fusion energy applications 16Growth top 35%Talent top 38%Funding bottom 48%Tech bottom 45% All 7 signals ▾Growthtop 35% Talenttop 38% Fundingbottom 48% Techbottom 45% Globalbottom 36% Marketbottom 15% Fin. healthbottom 10% Growth: Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 16/100 | $7M | 2 mo ago | $2K FY2025 | — | — | Shaurya Kaushal Co-Founder & CEO | — | — |
| 44 | GH2 Solar Provider of solar EPC and green hydrogen solutions 37Growth top 30%Tech top 44%News top 45%Talent bottom 49% All 7 signals ▾Growthtop 30% Techtop 44% Newstop 45% Talentbottom 49% Fundingbottom 46% Globalbottom 30% Marketbottom 29% Growth: Fresh capital in last 24 mo Tech: 37 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 37/100 | $6M | 8 mo ago | — | — | — | Anurag Jain Founder & CEO | 4 signals ▲100% Capital raise | 1 job opening · 1 partnership |
| 45 | IndiGrid Infrastructure fund focused on multiple sectors 37Funding top 23%Growth top 50%Tech top 50%Fin. health bottom 49% All 8 signals ▾Fundingtop 23% Growthtop 50% Techtop 50% Fin. healthbottom 49% Moatbottom 43% Globalbottom 39% Marketbottom 31% Newsbottom 24% Funding: Raised $368M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 37/100 | $368M | 4 mo ago | — | — | 51 | — | — | 2 job openings |
| 46 | Apraava Provider of integrated energy solutions 62Growth top 27%News top 27%Funding top 30%Fin. health top 35% All 9 signals ▾Growthtop 27% Newstop 27% Fundingtop 30% Fin. healthtop 35% Moattop 35% Markettop 41% Partnersbottom 41% Globalbottom 37% Techbottom 25% Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY rank vs industry peers · Fliar Intelligence Index 62/100 | $451M | 6 mo ago | — | — | 182 | — | 7 signals ▲250% Leadership · Acquisition · Contracts | — |
| 47 | Transcon Ind Manufacturer of power transformers and related products 67Growth top 28%Market top 39%News top 43%Funding top 44% All 7 signals ▾Growthtop 28% Markettop 39% Newstop 43% Fundingtop 44% Techbottom 39% Globalbottom 34% Partnersbottom 32% Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo Market: 375 employees (top 22% of Energy) · Top-5,000,000 web property rank vs industry peers · Fliar Intelligence Index 67/100 | $28M | 5 mo ago | — | — | 375 | — | 3 signals M&A · Contracts | — |
| 48 | Oriana Power Provider of renewable energy solutions 48Growth top 21%Partners top 25%News top 28%Talent top 38% All 10 signals ▾Growthtop 21% Partnerstop 25% Newstop 28% Talenttop 38% Techtop 42% Fundingtop 47% Fin. healthbottom 47% Globalbottom 32% Marketbottom 30% Moatbottom 20% Growth: Headcount 32 → 97 (+203%) across vintages · Fresh capital in last 24 mo Partners: 0 partnership announcements in 12 mo (2 in 24 mo) · 22 contract events in 12 mo rank vs industry peers · Fliar Intelligence Index 48/100 | $5M | 5 mo ago | — | — | 97 | Anirudh Saraswat Co-Founder & CBO | 30 signals ▲100% Contracts · Earnings · Acquisition | — |
| 49 | Arkahub Provider of residential solar energy systems and mounting structures 35Tech top 38%Talent top 38%Funding top 49%Global bottom 45% All 5 signals ▾Techtop 38% Talenttop 38% Fundingtop 49% Globalbottom 45% Marketbottom 31% Tech: 23 technologies across 5/8 capability areas · Cloud: Vercel Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $2M | 6 mo ago | — | — | — | Kaustabh Chakraborty Co-Founder | — | 1 job opening · 1 expansion |
| 50 | SB Energy Developer of solar energy projects 67Patents top 11%Innovation top 13%Growth top 24%Partners top 24% All 13 signals ▾Patentstop 11% Innovationtop 13% Growthtop 24% Partnerstop 24% Producttop 26% Newstop 29% Fundingtop 37% Globaltop 46% Techtop 50% Talentbottom 49% Fin. healthbottom 44% Moatbottom 34% Marketbottom 30% Patents: 1,201 patents matched (strict assignee match) · 615 filings since 2022 vs 342 in 2017-21 Innovation: 1,201 patents (top 6% of patent-holders) · 615 filings since 2022 vs 342 in 2017-21 rank vs industry peers · Fliar Intelligence Index 67/100 | $450M | 30 mo ago | — | — | 88 | Rich Hossfeld Co-Chief Executive Officer | 12 signals ▲1100% Contracts · Funding · Capital raise | — |
Top 12 Energy companies in India
#1
ReNew 🦄Public · Gurugram, Haryana · founded 2011 · 644 employees$2Braised▾
ReNew 🦄
Public · Gurugram, Haryana · founded 2011 · 644 employees
Developer of wind & solar energy, hybrid, and hydro power projects. The company develops and operates utility-scale wind, solar, and hydropower projects. It offers net-zero solutions for corporates, including power purchase agreements, green credits, energy management, storage, and green hydrogen. The company also manufactures solar PV products and provides transmission infrastructure.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Funding
top 15%Talent
top 22%Tech
top 26%Moat
top 30%Market
top 40%Growth
top 45%Funding: Raised $2.0B across 26 rounds · 26 rounds over 15 yrs (1.7/yr) · Last round Post IPO (Mar 2026)
Talent: Analyst team rating 5/5 · 4 named leaders on record · 4 C-suite/founder profiles curated
Tech: 56 technologies across 6/8 capability areas · Cloud: Akamai, Amazon S3 · Devops: Nginx
Funding rounds
- Mar 2026Post IPO$95M
- May 2025Post IPO$103.3M
- Jan 2024Conventional Debt$84.2M
- Jan 2021Conventional Debt$460M
Founders & team
Investors
CPP Investments, Goldman Sachs, Yes Bank, SBI, Larsen Toubro, ADIA
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAhrefs
#2
Funding Raised · Gurugram, Haryana · founded 2021$594.4Mraised▾
Funding Raised · Gurugram, Haryana · founded 2021
BluPine Energy is a renewable energy platform established in India by Actis, a global investor and world leader in funding and building sustainable infrastructure. They are committed to providing comprehensive, cost-effective, and sustainable low-carbon solutions. BluPine Energy has recently acquired a 404MWp operating solar portfolio from the Atha Group.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 25%Funding
top 30%News
top 33%Moat
top 35%Fin. health
top 39%Market
top 47%Growth: Revenue +98% YoY · Fresh capital in last 24 mo
Funding: Raised $594M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) · Last round Conventional Debt (Jan 2026)
News: 10 BI events in 12 mo (of 29 tracked, 5 types) · +43% YoY · 1 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 72k LinkedIn followers — 2.1% of this cohort's audience
Funding rounds
- Jan 2026Conventional Debt$594.4M
- Nov 2022PE—
Founders & team
Investors
Actis, Axis Bank
Tech stack
AosBootstrapCloudflareContact Form 7ElementorFont Awesome
#3
Public · Delhi, Delhi · founded 2016 · 51 employees$368Mraised▾
Public · Delhi, Delhi · founded 2016 · 51 employees
Infrastructure fund focused on multiple sectors. The company operates power transmission lines, substations, and battery energy storage systems. Their vision is to build the nation by delivering power and creating value for investors.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 23%Growth
top 50%Tech
top 50%Fin. health
bottom 49%Moat
bottom 43%Global
bottom 39%Funding: Raised $368M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) · Last round Post IPO (Jan 2026)
Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Tech: 25 technologies across 3/8 capability areas · Cloud: Amazon Web Services · Security: Hsts, Recaptcha
Audience (LinkedIn): 73k LinkedIn followers — 2.1% of this cohort's audience
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Experienced professionals across Substation and Transmission operations, Graduate Engineer Trainee - IT
Funding rounds
- Jan 2026Post IPO$163.2M
- Nov 2025Post IPO$47.6M
- Dec 2023Post IPO$80.3M
- Sep 2023Post IPO$48.4M
Investors
KKR, GIC, Utilico Emerging Markets Trust, GSF, British International Investment, Tetration Ventures
Tech stack
Amazon Web ServicesApache Http ServerBootstrapContact Form 7Core-JsFancybox
#4
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees$149.7Mraised▾
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees
Independent power producer specializing in the development and operation of large-scale renewable energy projects. It is focused on focused on the generation and supply of renewable energy, including wind, solar, and hybrid power. The company is recognized for its grid-connected green energy projects. Their mission is to supply clean green power.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Funding
top 34%Fin. health
top 35%Product
top 42%Moat
top 48%Market
top 50%Talent
bottom 49%Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series D (Mar 2026)
Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% · Revenue 1.1x total funding
Product: 1 published app (48 installs) · Company stage: Acquired
Funding rounds
- Mar 2026Series D$67.5M
- Aug 2024Series D$150M
- Jul 2022Conventional Debt$350M
Founders & team
Investors
Just Climate
Tech stack
Apache Http ServerBootstrapCdnjsCloudflareFancyboxFont Awesome
#5
Series D · Delhi, Delhi · founded 2016 · 5 employees$398.3Mraised▾
Series D · Delhi, Delhi · founded 2016 · 5 employees
Provider of renewable energy solutions. It offers solar, wind, storage, and hybrid solutions. It provides complete solutions for utility customers. The company enables energy transition through energy trading, solar manufacturing, green hydrogen, and energy storage. It maintains high ESG and corporate governance standards.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Growth
top 25%Funding
top 26%Tech
top 34%Moat
top 35%Partners
top 36%Fin. health
top 45%Growth: Revenue +52% YoY · Fresh capital in last 24 mo
Funding: Raised $398M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Conventional Debt (Dec 2025)
Tech: 31 technologies across 4/8 capability areas · Cloud: Cloudflare · Security: Hsts, Http/3
Audience (LinkedIn): 112k LinkedIn followers — 3.3% of this cohort's audience
Funding rounds
- Dec 2025Conventional Debt$50M
- Mar 2025Series D$50M
- Mar 2024Conventional Debt$27M
- May 2023Series D$250M
Founders & team
Investors
OeEB, ICG, Sumitomo Mitsui Banking Corporation, AIIB, Atlantainvestment, Sdief Holdings
Tech stack
AngularAnimate.CssBootstrapCloudflareCloudflare Browser InsightsContact Form 7
#6
Series C · Gurugram, Haryana · founded 2022$54.6Mraised▾
Series C · Gurugram, Haryana · founded 2022
Provider of SME loans for solar projects. Company collaborates with real estate developers to finance and oversee the development of community-scale, ground-mounted solar arrays that generate clean power.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Growth
top 17%Funding
top 34%Tech
top 40%Talent
bottom 49%Moat
bottom 44%Fin. health
bottom 40%Growth: Revenue +902% YoY · Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Funding: Raised $54.6M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) · Last round Series C (May 2026)
Tech: 30 technologies across 5/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- May 2026Series C$28.9M
- Feb 2026Series B$13.7M
- May 2025Series A$11.7M
- Mar 2023Seed$213K
Founders & team
Investors
Waaree Sustainable Finance, PointOne Capital, QED Innovation Labs, LetsVenture, Arham Investment, Navkar Ventures
Tech stack
Animate.CssBootstrapCdnjsChart.JsCloudflareEmotion
#7
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees$451Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees
Provider of integrated energy solutions. It offering a diversified portfolio of low-carbon power generation, interstate power transmission, and smart meter deployment. The company delivers end-to-end project development services across renewable energy, grid infrastructure, and advanced metering. It focuses on scaling clean energy capacity, strengthening transmission networks, and enabling intelligent power management.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Growth
top 27%News
top 27%Funding
top 30%Fin. health
top 35%Moat
top 35%Market
top 41%Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo
News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $451M across 2 rounds · 2 rounds over 8 yrs (0.2/yr) · Last round Conventional Debt (Dec 2025)
Audience (LinkedIn): 56k LinkedIn followers · 163 engagements/post (1.7× cohort median)
Funding rounds
- Dec 2025Conventional Debt$92M
- Sep 2018Unattributed$368M
Investors
CDPQ, British International Investment, Standard Chartered, CLP, Pareto
Tech stack
BootstrapGodaddyGoogle Tag ManagerGsapJqueryKentico Cms
#8
Series F · Hyderabad, Telangana · founded 2006 · 5 employees$942.8Mraised▾
Series F · Hyderabad, Telangana · founded 2006 · 5 employees
Provider of energy transition and decarbonization solutions. Its portfolio includes GHG mitigation, climate risk management, nature conservation, and circular economic approaches to promote environmental stewardship. It has built a portfolio of wind, solar, hydropower, natural gas, and biomass assets within India and plans to expand by developing new greenfield assets.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 18%Product
top 18%Innovation
top 20%Moat
top 34%Fin. health
top 35%Talent
top 38%Funding: Raised $943M across 16 rounds · 16 rounds over 17 yrs (0.9/yr) · Last round Post IPO (Jul 2025)
Product: 4 distinct product lines · Company stage: Series F
Innovation: 4 product lines
Audience (LinkedIn): 87k LinkedIn followers — 2.5% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jul 2025Post IPO—
- Mar 2023Post IPO$700M
- Sep 2020Post IPO$980M
- Feb 2019Post IPO$550M
Founders & team
Investors
GIC, ORIX, ADIA, General Electric, GE Capital, Pierfront Capital
Tech stack
Animate.CssApache Http ServerBootstrapCdnjsCloudflareFont Awesome
#9
Series D · Ahmedabad, Gujarat · founded 2022$149.9Mraised▾
Series D · Ahmedabad, Gujarat · founded 2022
Manufacturer of photovoltaic modules, offering engineering, procurement, and construction for solar projects. The company provides solar solutions, from design and construction to maintenance, ensuring performance and longevity for diverse renewable energy projects. They also produce modules using advanced technology and precision engineering.
Fliar Intelligence Index™ 84how this company ranks against its industry peers
Growth
top 13%Fin. health
top 26%Funding
top 28%Market
top 37%Tech
top 45%Talent
bottom 49%Growth: Revenue +605% YoY · Web rank 50,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$169M (FY2023) · Net margin 5.7% · Revenue +605% YoY
Funding: Raised $150M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Series D (Feb 2026)
Audience (LinkedIn): 85k LinkedIn followers — 2.5% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Feb 2026Series D$115.9M
- Sep 2025Angel$34M
Founders & team
Investors
Bay Capital
Tech stack
CloudflareCloudflare Bot ManagementContact Form 7Core-JsElementorElementor Header & Footer Builder
#10
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees$333.6Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees
Aditya Birla Renewables is a leader in providing clean energy solutions, focusing on solar, wind, and hybrid power solutions for public and private sector customers. As a part of the Aditya Birla Group, the company boasts a 2 GWp portfolio of renewable energy projects.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 20%Funding
top 25%News
top 25%Moat
top 31%Market
top 42%Fin. health
top 43%Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY · Web rank 5,000,000 → 10,000,000 YoY
Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round PE (Dec 2025)
News: 7 BI events in 12 mo (of 13 tracked, 6 types) · +250% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 124k LinkedIn followers — 3.7% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Careers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Dec 2025PE$333.6M
Founders & team
Investors
Global Infrastructure Partners
Tech stack
Animate.CssBootstrapCdnjsCloudflareFont AwesomeGoogle Analytics
#11
Public · Mumbai, Maharashtra · founded 1990 · 1307 employees$262.8Mraised▾
Public · Mumbai, Maharashtra · founded 1990 · 1307 employees
Manufacturer of solar PV modules. It offers mono, poly, bifacial, and flexible types PV modules, and provides comprehensive services such as solar rooftop and ground-mounted power plant installations, floating solar systems, solar water pumps, solar street lighting, energy storage, green hydrogen projects, operations and maintenance, and turnkey solar EPC.
Fliar Intelligence Index™ 91how this company ranks against its industry peers
Partners
top 9%Market
top 20%Funding
top 21%Tech
top 21%Talent
top 21%Fin. health
top 25%Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals · Marquee-customer mentions: top 9% of tracked companies
Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B · ~4% of tracked Solar Energy revenue (1951 cos, FY2025)
Funding: Raised $263M across 5 rounds · 5 rounds over 12 yrs (0.4/yr) · Last round Post IPO (Oct 2025)
Audience (LinkedIn): 266k LinkedIn followers — 7.8% of this cohort's audience
Funding rounds
- Oct 2025Post IPO$113.1M
- Sep 2022Series B$245.2M
- Dec 2017Unattributed$15.6M
- Dec 2014Unattributed$177.4K
Founders & team
Investors
Centrum, Founder Collective, Quest Portfolio Services, Cybage, Ohm Enterprise, Chandurkar Investments
Tech stack
Apache Http ServerApexcharts.JsApple Icloud MailAxiosBigcommerceBootstrap
#12
Series C · Gurugram, Haryana · founded 2011 · 146 employees$48.6Mraised▾
Series C · Gurugram, Haryana · founded 2011 · 146 employees
OMC installs solar micro-grid to generate power and sells it to telecom towers and remote rural communities.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
News
top 29%Moat
top 34%Talent
top 38%Tech
top 39%Funding
top 42%Partners
top 47%News: 6 BI events in 12 mo (of 10 tracked, 4 types) · +200% YoY · 6 high-value events (IPO/M&A/funding/contracts) in 12 mo
Moat: Top 27% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Mar 2026Series C$17.3M
- Oct 2025Series C—
- Nov 2024Series C—
- May 2022Series C$27.2M
Founders & team
Investors
Mitsui, Iiieros, Khattar Group Companies, Chubu Electric Power, Theworldwewant, Energy Investment Tech
Tech stack
AngularBootstrapCdnjsCloudflareCloudflare Bot ManagementDreamhost
Funding & investor landscape
$24.7Btotal disclosed funding
273companies funded
643disclosed rounds
7rounds last 90 days
Most active investors
Goldman Sachs9 rounds
Bessemer Venture Partners7 rounds
Notable founders
Sumant Sinha
Founder · ReNew
Vaishali Nigam Sinha
Co Founder and Chairperson Sustainability · ReNew
Neerav Nanavaty
CEO · Blupine Energy
Arvind Bansal
CEO · Continuum Wind Energy
Pinaki Bhattacharyya
Founder & CEO & Managing Director · Ampin Energy Transition
Gautam Kaushik
Co-Founder · Solfin
Anil kumar Chalamalasetty
Co-Founder · Greenko Group
Mahesh Kolli
Co-Founder · Greenko Group
Vinay Thadani
CEO & Director · GREW Solar
Amit Jain
CEO · Aditya Birla Renewables
Manmohan Sharma
CFO · Waaree Energies
Pawan Agrawal
CEO · Waaree Energies
Prism market signals · India · country-scoped Prism corpus, 5,686,465 docs
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · India
How research on Grid Energy Storage is moving in India
A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 4,206 India-affiliated papers.
research sentiment over time
201420212026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and softening — the enthusiastic (strongly-positive) share moved 79% → 70% across 2014–2026.
top research entities
- Ministry of Education193
- Saveetha University139
- Vellore Institute of Technology University136
- Power Grid Corporation128
- SRM Institute of Science and Technology115
leading researchers
Bhim Singh · Rajesh Kumar · Chandra Sekhar Rout · Arnab Ghosh · Mohit Bajaj · Pravat Kumar Ray · Love Bansal · Vanchiappan Aravindan
▲
Breakthroughs1,213 · 29%
▼ 32%→29% share
▼0.9× share momentum0 median citations98% since 2021mostly methods-led
Supercapacitor breakthroughs are surging — Indian institution papers jumped from 10 to 294, signaling rapid materials innovation.
rising sub-themes (early→recent)
- Supercapacitor10→294
- Renewable energy1→237
- Battery (electricity)4→224
- Capacitance2→161
- Photovoltaic system3→154
Newly emergingElectrical engineering 0→59 · Energy (signal processing) 0→54 · Faraday efficiency 0→53
Landmark Ultrathin Planar Graphene Supercapacitors · 1,221 cites
◆
Advancements2,351 · 56%
▲ 44%→56% share
▲1.3× share momentum1 median citations98% since 2021mostly methods-led
Renewable energy advancements are intensifying — microgrid and photovoltaic system papers grew from single digits to 278 and 344 respectively.
rising sub-themes (early→recent)
- Renewable energy3→561
- Battery (electricity)4→494
- Supercapacitor12→433
- Photovoltaic system2→344
- Microgrid3→278
Newly emergingPower (physics) 0→202 · Thermal energy storage 0→156 · Energy (signal processing) 0→146
Landmark High entropy oxides for reversible energy storage · 1,228 cites
▼
Concerns271 · 6%
▼ 9%→6% share
▼0.7× share momentum1 median citations97% since 2021mostly reviews
Battery safety concerns are newly emerging — electrochemical storage, anode, and cathode risk papers appeared fresh with 55 combined new signals.
rising sub-themes (early→recent)
- Renewable energy1→85
- Nanotechnology3→40
- Supercapacitor1→38
- Electrolyte1→21
- Anode1→16
Newly emergingBattery (electricity) 0→55 · Electrochemical energy storage 0→22 · Cathode 0→21
Landmark Nanostructured anode materials for lithium ion batteries · 805 cites
RESEARCH HOTSPOTS · India
Where energy storage is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Chennai228 · +0.61
Delhi-NCR217 · +0.53
Mumbai140 · +0.57
Bengaluru107 · +0.60
Hyderabad100 · +0.60
Roorkee97 · +0.56
Pune81 · +0.59
Kharagpur54 · +0.65
Varanasi52 · +0.58
Kanpur43 · +0.48
PATENT SIGNAL · India
Who's filing energy storage patents in India
India energy storage patent filing is accelerating — 121 filings from 162 assignees (2016–2025), led by TVS Motor, General Electric, Indian INST Scient; annual filings 7→27.
121 filings162 assigneespeak 27/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- TVS Motor46
- General Electric16
- Indian INST Scient15
- Offgrid Energy LABS12
- Seshadri HARI Nadathur11
- Delectrik Systems11
- Vallance Michael ALAN11
- Gourishankar Karthick Vilapakkam9
Common questions
How many Energy companies are there in India?
Radar tracks 3610 indexable Energy companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Energy companies in India?
The Energy companies in India on this list have raised a combined $24.7B in disclosed equity funding across 273 funded companies.
Which is the highest-funded Energy company in India?
ReNew is the highest-funded Energy company in India, with $2B in disclosed equity funding.
How many Energy companies in India are funded?
273 of the 3610 Energy companies in India on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in India?
4 Energy companies in India on this list are valued at $1B or more.
Who are the top investors in India Energy companies?
The most active investors in India Energy companies on this list include IFC, Goldman Sachs, SINE, British International Investment, Europa.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.