Best Solar Energy Companies in Karnataka, India
The 117 best Solar Energy companies in Karnataka, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ayana.
Our analysis of 50 Solar Energy companies
$12.7b in tracked funding; 81% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
Ranked: Best Solar Energy companies in Karnataka
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Balaji Malts Provider of paper recycling services | $595M FY2025 | — | -19% | 111 111 → 59 (-47%) · sector median +41% | 2008 | Prasun Jodhani CEO & MD | — |
| 2 | Emmvee Manufacturer of solar photovoltaic modules and solar water heating systems | $279M FY2025 | — | +147% | 530 | 1992 | Nanda Kumar CEO | — |
| 3 | 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 | $133M FY2025 | $720M | +22% | 149 | 2017 | Shivanand Nimbargi CEO & Managing Director | — |
| 4 | DhaSh PV Technologies Manufacturer of PV junction boxes, solar PV connectors & cables, and complete DC services | $66M FY2025 | — | +184% | 92 92 → 156 (+70%) · sector median +41% | 2017 | Manjunath Reddy Founder & Managing Director | — |
| 5 | InSolare Energy Provider of renewable energy solutions, including solar, wind, and hydrogen 82Innovation top 20%Fin. health top 23%News top 25%Partners top 26% All 12 signals ▾Innovationtop 20% Fin. healthtop 23% Newstop 25% Partnerstop 26% Growthtop 27% Talenttop 28% Producttop 30% Markettop 36% Moattop 36% Fundingtop 41% Techtop 50% Globalbottom 32% Innovation: 12 product lines Fin. health: Revenue ~$52.2M (FY2023) · Net margin 3.7% rank vs industry peers · Fliar Intelligence Index 82/100 | $52M FY2025 | $9M | +170% | 295 295 → 415 (+41%) · sector median +41% | 2008 | Prabha Rai Co-Founder | — |
| 6 | U-Solar Clean Energy Provider of solar power solutions for industrial, commercial, and residential sector | $40M FY2025 | $507K | +67% | 93 93 → 76 (-18%) · sector median +41% | 2010 | — | 1 partnership |
| 7 | Orb Energy Provider of solar solutions | $29M FY2025 | $8M | -17% | 255 255 → 405 (+59%) · sector median +41% | 2006 | Naledath Ramesh Co-Founder & COO | — |
| 8 | Enerparc India Solar project developer | $22M FY2025 | — | +6% | 88 88 → 138 (+57%) · sector median +41% | 2013 | Stefan Mueller Co-Founder & COO | 3 job openings · 1 award |
| 9 | Evervolt Distributor of solar products, providing rooftop solutions through a dealer network | $19M FY2025 | — | -4% | — | 2013 | Krishna Thimmaiah Founder & Director | 1 partnership |
| 10 | Apollo Power Systems Offers solar installation services | $18M FY2025 | — | +24% | 564 564 → 548 (-3%) · sector median +41% | 1985 | — | 1 job opening |
| 11 | enPossibilities Residential and commercial solar project developer | $15M FY2025 | — | +26% | 28 28 → 52 (+86%) · sector median +41% | 2017 | Manish Asija Founder & CEO | 1 expansion |
| 12 | 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 | $14M FY2025 | $5M | -48% | — | 2021 | Puneet Goel Co-Founder & COO | 2 job openings |
| 13 | Kotak Solar Manufactures solar products | $14M FY2018 | $8M | -37% | 1 | 1997 | — | — |
| 14 | Dexler Energy Provider of commercial and industrial solar power plant solutions | $13M FY2025 | — | +13% | 33 | 2013 | Hemalatha Srinivasan Co-Founder | — |
| 15 | HHV Solar Technologies Manufacturer of PV modules | $13M FY2016 | $8M | -19% | 175 | 2008 | Ramasamy Chellappan CEO | — |
| 16 | Mecwin Technologies Manufacturer of EV motors, solar pumps, controllers, and IoT products | $8M FY2025 | $151K | +4% | 74 74 → 90 (+22%) · sector median +41% | 2017 | Asharani Ss Co-Founder & Director | 2 job openings |
| 17 | ARKEN Solutions Provider of solar EPC services | $7M FY2025 | — | -24% | — | 2009 | — | — |
| 18 | Dhash Group Provider of PV modules and junction boxes | $7M FY2025 | — | +139% | — | 2018 | Mamta Rawat Co-Owner | — |
| 19 | Atria Power Producer of renewable energy | $5M FY2025 | $9M | +113% | 24 | 1999 | Rayudu Mannam Chief Executive Officer | — |
| 20 | Avi Solar Provider of solar energy solutions including rooftop installations and sustainable power management services | $4M FY2025 | — | +14% | 175 | 2010 | — | — |
| 21 | Rugged Solar Products Provider of rugged solar products including photovoltaic panels | $3M FY2025 | $110K | +14% | 34 | 2017 | Chinnagandham Gopalakrishna Co-Founder | — |
| 22 | Aegeus Technologies Developer of robotic technologies for water-less solar panel cleaning systems | $3M FY2025 | $945K | +43% | 39 | 2017 | Suraj Vernekar Co-Founder & CEO | — |
| 23 | EcoSoch Solar rooftop installation company | $2M FY2025 | — | -4% | 36 | 2011 | Hemant Sharma Co-Founder & CEO | — |
| 24 | Cresonix Manufacturer of solar powered products | $2M FY2025 | — | +39% | — | 2011 | C Rajesh Co-Founder & CTO | — |
| 25 | Enfros Solar Developer and manufacturer of solar photovoltaic modules | $2M FY2025 | — | +30% | 139 | 2016 | Chetan Raghuveer Co-Founder | — |
| 26 | Anu Solar Power Manufacturers of solar water heaters, solar lights and solar generators | $1M FY2022 | — | — | 42 | 1979 | Joseph TJ CEO | — |
| 27 | Deepa Solar Systems Installs solar power plants and solar wind hybrid systems | $958K FY2025 | — | +400% | 5 | 2013 | KLH Raya Founder & CEO | — |
| 28 | Lokozo Manufacturer of LED lighting, solar products, and waste management systems. | $902K FY2025 | $119K | — | — | 2013 | Subrata Saha Founder & CEO | — |
| 29 | Eltron Energy Provider of premium solar energy solutions including rooftop solar installation, solar panels, and water… | $489K FY2025 | — | +79% | — | 2019 | Sultan Mohiddin CEO | — |
| 30 | NammaSwadeshi Provider of renewable energy solutions including water heating systems, solar products, and water level… | $374K FY2023 | — | — | — | 2021 | Praveena K Co-Founder & CEO | — |
| 31 | Cranfinia Energy Turnkey solar solutions provider | $275K FY2025 | — | +46% | — | 2017 | — | — |
| 32 | Amberroot Solar MPPT developer | $203K FY2025 | — | +25% | 12 | 2009 | — | — |
| 33 | Energywin Technologies Developers of energy management, asset management and remote monitoring solutions | $201K FY2025 | — | -74% | — | 2011 | Srinivasa Rao Saripalli CEO & Director | — |
| 34 | TECSOL ENGINEERS Provider of engineering, procurement, and construction for solar PV plants | $106K FY2025 | $265K | -39% | — | 2004 | Doddaballapur Ranganna Managing Director | — |
| 35 | Play Solar Develops solar integrated products and monitoring platform | $72K FY2025 | $95K | +7% | 1 | 2014 | Mukundan Narasimhan Founder & CEO | — |
| 36 | Adwog Solaris Provider of solar power solutions for industrial, institutional, and commercial clients | $39K FY2025 | — | +214% | — | 2017 | Nithin Kumar Founder & CEO | — |
| 37 | At Quest Developer of solar & wind energy projects | $6K FY2022 | — | — | — | 2019 | Shreevidhya Gutta Co-Founder | — |
| 38 | Radiant Energy Solutions Provider of solar design & engineering services 4Funding top 35%Global bottom 29%Moat bottom 13%Fin. health bottom 11% All 5 signals ▾Fundingtop 35% Globalbottom 29% Moatbottom 13% Fin. healthbottom 11% Marketbottom 6% Funding: Raised $166M · 1 rounds over 3 yrs (0.3/yr) Global: Single-market focus (India) rank vs industry peers · Fliar Intelligence Index 4/100 | $2K FY2023 | $166M | — | — | — | — | — |
| 39 | EROEI Professional Services Provider of solar EPC and O&M services | $878 FY2025 | — | — | — | 2012 | Karthik Raman Founder & CEO | — |
| 40 | 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 | — | — | 2025 | Kaustabh Chakraborty Co-Founder | 1 job opening · 1 expansion |
| 41 | Simpa Networks Offers Solar-as-a-service to rural india | — | $24M | — | 2 | 2010 | Sanjay Munshi CEO | — |
Top 12 Solar Energy companies in Karnataka
#1
Series A · Bengaluru, Karnataka · founded 2021$5.3Mraised▾
Provider of hybrid renewable energy solutions integrating wind and solar power. The company executes end-to-end projects for wind, solar, and hybrid plants, incorporating new-age power sector technologies. It enables clients to optimize energy sourcing through analytics, considering regulations and emerging options. An integrated IT platform offers management services, including asset and portfolio management, data analytics, and contract oversight.
- Mar 2026Series A$3.5M
- Sep 2024Seed$1.8M
#2
Seed · Bengaluru, Karnataka · founded 2025$2Mraised▾
Provider of residential solar energy systems and mounting structures. The company offers solar panel installations for homes along with various mounting solutions including floor-mounted, elevated, and gazebo structures. Services include site assessment, regulatory approval management, and system maintenance. The company provides battery backup systems and grid-tied solar configurations to support home energy needs.
- Dec 2025Seed$2M
#3
Acquired · Bengaluru, Karnataka · founded 2017 · 149 employees$720Mraised▾
Developer of solar energy projects. It focuses on utility-scale solutions for solar, wind, hybrid, and Round-the-Clock clean energy. And also it manages close to 5GWac of renewable energy projects.
- Feb 2024Series E—
- Dec 2020Series E$390M
- Mar 2019Series D$330M
#4
Series B · Bengaluru, Karnataka · founded 2008 · 295 employees$8.7Mraised▾
Provider of renewable energy solutions, including solar, wind, and hydrogen. The business offers solar photovoltaic module manufacturing, operations, and asset management. It delivers engineering, procurement, and construction services for renewable energy projects. The business also focuses on energy storage and green hydrogen solutions.
- Jan 2025Series B$10.2M
- Nov 2024Angel$588.8K
- Jan 2024Series A$8.7M
- 2011Seed—
#5
Series D · Bengaluru, Karnataka$165.8Mraised▾
Provider of solar design & engineering services
#6
Seed · Bengaluru, Karnataka · founded 2017 · 74 employees$151.4Kraised▾
Manufacturer of EV motors, solar pumps, controllers, and IoT products. It provides green propulsion solutions. It products is meticulously designed and developed with a commitment to quality and reliability, ensuring they meet the highest standards in the industry.
- Dec 2024Seed$135.4K
- Dec 2024Seed$660.3K
- Dec 2024Seed$389.6K
- Dec 2024Seed$258.7K
#7
Series A · Bengaluru, Karnataka · founded 2006 · 255 employees$8.1Mraised▾
Provider of solar solutions. It specializes in providing affordable and accessible solar energy solutions, including rooftop and ground-mounted solar photovoltaic systems, as well as solar water heating solutions, primarily targeting residential, commercial, and industrial customers with a strong focus on SMEs. It also offers a unique in-house collateral-free financing facility to enable SMEs to adopt solar energy.
- Oct 2022Conventional Debt$20M
- Oct 2019Series A—
- Jan 2018Conventional Debt$10M
- Jan 2018Series A$5M
#8
Seed · Bengaluru, Karnataka · founded 2017 · 39 employees$945.5Kraised▾
Developer of robotic technologies for water-less solar panel cleaning systems. These systems offer automated cleaning, reducing soiling losses and improving solar project efficiency. The company designs, develops, and provides services to enhance operational efficiency. The robotic solutions are designed for both rooftop and ground-mounted solar farms. The systems use microfiber wiping, controlled airflow, and gravity for effective cleaning.
- Jun 2024Venture Debt—
- Jun 2023Seed$134K
- May 2022Angel$177.1K
- Dec 2020Seed$634.4K
#9
Acquired · Bengaluru, Karnataka · founded 2010 · 2 employees$24Mraised▾
Simpa Networks offers Solar-as-a-service to rural India by accepting a down-payment, and installing Solar PV panels. The customers then pre-pay for the energy used every month, which would finally repay the purchase price of the solar panels. Since its inception the company has delivered over 65 MWh. The company is backed by Asian Development Bank, IFC, Khosla Impact Fund, Sorenson Impact Foundation, Schneider Electric, and more. Simpa Networks, besides other awards won the Impact Award in the renewable energy category by OPIC in May 2015.
- Jan 2018Series A$1.1M
- Apr 2016Series A$10.3M
- Mar 2016Series A$2.3M
- Aug 2015Series A$1.8M
#10
Series B · Bengaluru, Karnataka · founded 1999 · 24 employees$8.6Mraised▾
Producer of renewable energy. It offers a range of clean energy solutions, including wind, solar, hybrid, and power trading. The company specializes in long-term and short-term energy supply options, solar rooftop installations, and demand-side energy management services. It contributes to a cleaner environment and reduces greenhouse gas emissions. Also helps in mitigating climate change and promoting sustainable development.
- 2016Conventional Debt$113.2M
- Jul 2014Series B—
- Jun 2013Series A$8.6M
- Conventional Debt—
#11
Acquired · Bengaluru, Karnataka · founded 2008 · 175 employees$7.9Mraised▾
Manufacturer of solar photo-voltaic modules. The company's solar photo-voltaic modules are produced at the company's state-of-the-art automated manufacturing center which meet a variety of small to high volume requirements, enabling commercial and industrial establishments around the world to receive products manufactured as per the standards of photo-voltaic design and safety.
- Jan 2013Series B$4M
- Jun 2008Series A$9.4M
#12
Deadpooled · Bengaluru, Karnataka · founded 1997 · 1 employees$8Mraised▾
Kotak solar manufactures solar PV modules, solar water heaters under the name ''Viva', solar lanterns etc. The company offers installation services for rooftop PV and solar thermal for residential use. Kotak solar also undertakes the execution of solar farms (in MW scale) which can be off-grid as well as on -grid.
- 2016Conventional Debt—
- Oct 2008PE$8M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Solar Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Karnataka researches in solar pv
Karnataka institutions, led by NIT Karnataka, optimistically research solar PV system optimization, radiation analysis, and power forecasting, with breakthroughs and advancements dominating all 32 recent papers.
- National Institute of Technology Karnataka25
- Central University of Karnataka3
- Government of Karnataka3
- Karnataka State Women\'s University1
Common questions
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.