CleanMax Solar is a producer and distributor of rooftop and open access solar power systems for commercial and industrial sectors.

Basic Information

CleanMax provides rooftop solar and open-access solar solutions for the commercial and industrial segment. It claimed to have a market share in India of 17% in rooftop and 9% in open-access solar respectively, as of March 2018. CleanMax Solar’s operating capacity has grown from 24 megawatt (MW) in 2015-16 to more than 500 MW in 2018-19, and the company expects to expand its customer base from 120 corporates to 300 corporates by 2022. The company’s top clients are in the auto, auto components segment and IT services sector. These include Adobe India, United Breweries, Volvo India, Tata Motors, TVS Group, ACC, SKF, and Mahindra Group. In April 2019, the company raised Rs 275 crore (around $39.4 million) in equity funding from renewable energy investor UK Climate Investments LLP. See more

Legal Name

:

CleanMax Enviro Energy Solutions Pvt. Ltd

Headquarters

:

Mumbai, Maharashtra , India

Founding Date

:

2011

No. of Employees

:

151 to 250

Core Team

:
1.

Kuldeep Jain

Founder and Director

2.

Andrew Hines

Co Founder and COO

3.

Sushant Arora

Co Founder and CEO

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Funding

Investors

:

1.

Warburg Pincus

2.

IFC Venture Capital Group

3.

Green Investment Group