Noida-based cleantech startup QuantE Energy Tech has raised $500,000 (~₹44 million) from Trillion Dollar Venture Partners (TDV) and marquee angel investors.

The list of marquee angel investors includes Raghunandan G, Founder at Zolve and TaxiForSure, Amit Lakhotia, Founder at Park+, Ankit Gupta, President at Brookfields, and Hari Krishnan Nair, cofounder at Great Learning.

QuantE has also raised an undisclosed amount in debt and related instruments.

The funding will be utilized to provide clean, affordable, and smart energy for the residential sector, especially group housing societies in Indian metro cities.

Akshat Khare, Co-founder at QuantE Energy Tech, said that the solar industry has grown rapidly in large urban projects, but there is still a huge gap in serving the residential segment. Customers in the residential solar segment are facing high upfront costs and poor service and quality.

QuantE Energy utilizes technology to simplify solar adoption through AI/IoT-driven planning, smart monitoring, and flexible financing models that eliminate upfront costs, streamline complex processes, and ensure seamless servicing for residents.

The seed funding will support QuantE’s growth plans over the next 6-12 months, including the expansion of its digital onboarding. The company plans to expand within the top metro cities and launch community solar pilots. Using the investment, it also plans to use the funds to strengthen financing partnerships with banks, non-banking financial companies, and corporate social responsibility programs.

QuantE will also utilize the fund towards building its proprietary solar and artificial intelligence hardware/software stack for enhanced monitoring and optimization.

The company has already deployed successful pilot projects for 13 residential societies across Mumbai, Pune, and Delhi, utilizing its cloud-based platform and AI-driven diagnostics.

Under the PM Surya Ghar: Muft Bijli Yojana, group housing societies/ residential welfare associations are eligible to receive ₹18,000 ($217.12)/kW as central financial assistance for installing rooftop solar systems.

According to Mercom India’s 1H and Q2 2025 Solar Funding and M&A Report, total global corporate funding for the solar sector dropped by 39% year-over-year to $10.8 billion in the first half of 2025 from $17.6 billion. The number of deals also decreased by 11% to 78 deals from 88 during the same period last year.