Engineering, procurement, and construction (EPC) company, Soleos Solar Energy, has secured $12 million (~₹1.07 billion) in funding from venture capital firm Gujarat Venture Finance (GVFL).

The investment round was joined by Tipsons Group, Navin Dalmia, a few family offices, and several of its existing investors.

The funding will be utilized to support Soleos’ development pipeline, priority project construction, and the scale-up of its solar-plus-storage and group captive projects. The capital infusion will also advance the company’s transition toward round-the-clock renewable energy solutions.

Soleos Solar’s offerings include turnkey solar power solutions across commercial and industrial rooftop installations, ground-mounted solar projects, and solar parks.

It provides comprehensive end-to-end solar services, including project development to deliver shovel-ready capacity, EPC execution, and asset management services.

The company also supplies battery energy storage systems (BESS) and integrates solar-plus-storage solutions for industrial clients and government projects.

The company has completed over 160 projects, achieving a total commissioned capacity exceeding 450 MW. Its rooftop solar portfolio includes more than 60 MW of capacity, with individual projects ranging from 3 kW to over 1.2 MW.

As part of its ongoing expansion plan, Soleos Energy is setting up a BESS manufacturing unit to be developed in two phases in 2025 and 2026. Phase 1 will have a capacity of 100 MW. The capacity will be expanded to 1 GW at the end of Phase 2.

In October 2025, Soleos raised ₹200 million (~$2.26 million) from GVFL.

In May 2024, it raised ₹485 million (~$6.5 million) in equity funding to drive expansion in India and abroad. The investment round was led by Swastika Investmart, along with Beeline Capital Advisors serving as co-advisors.

Recently, the board of directors of the integrated clean energy company Epic Energy approved a proposal to issue and allot share warrants on a preferential basis to Soleos Energy. Upon full subscription and conversion of the warrants, Soleos would hold up to 18.16% of the post-conversion paid-up share capital of Epic Energy.