Freyr Energy

Freyr Energy Raises Rs.18 Cr. Equity Investment From Total

Hyderabad-based solar rooftop company Freyr Energy has raised Rs 18 crore equity investments from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners.

The funds will be used to accelerate growth and further enhance customer experience.

Freyr Energy was founded in 2014 to help provide world class solar solutions to homeowners and businesses and caters to residential and small businesses across 22 states.

Freyr Energy

It was founded on the principles of making solar energy affordable and accessible for everyone. In order to make adoption of solar energy a reality at the grass-root level, they worked on consumer awareness, affordability and accessibility of their services.

With the Freyr Energy’s innovative platform, SunPro+ and an extensive channel-partner network they ensure that the above mentioned three factors are addressed to make sure that client ventures into solar energy in a hassle-free manner.

Total Carbon Neutrality Ventures is the venture capital arm of French energy giant Total. Its principal Florian Temimeat said Freyr eases acquisition of rooftop solar customers.

Freyr can contribute to mass-market adoption of solar energy, generating significant environmental impact.

C4D Partners, for which this is a follow-on investment , said Freyr has the potential to change how rooftop solar is sold and managed and can also bring in the much-needed consolidation in the sector.

This is a Businesswire Feed; edited by Clean-Future Team