Freyr Energy raises ₹18 crores to enhance its services

The funds raised to be used to enhance customer experience on SunPro+ App and its services.

Freyr Energy, one of India’s leading solar rooftop companies that uses technology to change the way homeowners and MSMEs transition to solar, recently announced an equity investment of ₹ 18 crores from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners.

The funds raised will be used to accelerate growth and enhance customer experience on the application and its services.

SunPro+, the new customer App launched by Freyr Energy focuses on the whole process of owning a solar system in a simple and seamless way.

Saurabh Marda, Managing Director of Freyr Energy said, “Along with our existing investor C4D Partners, strategic investors like Total Carbon Neutrality Ventures and Schneider Electric Energy Access Asia provide us not only capital but global experience in the energy sector.’’

Florian Temime, Principal, Total Carbon Neutrality Ventures added, “Freyr Energy has fully digitalise​d the customer journey thanks to its proprietary software environment SunPro+. We are convinced that this innovative software will ease the acquisition of rooftop solar customers and facilitate the​ entire customer journey from acquisition through to financing, execution and after-sales service. We see SunPro+ as a key success factor for Freyr’s development.”

Gilles Vermot Desroches, President of SEEA Asia and SVP at Schneider Electric said, “Through the innovative and scalable SunPro+ solution, Freyr Energy can contribute to mass-market adoption of solar energy, generating significant environmental impact while creating employment opportunities within their network of vendors.”

On the follow-on investment by C4D Partners in Freyr Energy, Arvind, Partner, C4D Partners commented, “Through their technology, Freyr Energy has the potential to change how rooftop solar is sold and managed in India and other countries. Freyr Energy could bring much-needed consolidation in the sector”.

Freyr Energy was founded in 2014, with the goal of providing world-class solar solutions to homeowners and businesses. Freyr Energy caters to residential and MSME sectors and has customers in 22 states in the country. 

For more information about Freyr Energy, visit: https://freyrenergy.com/about-us/

About SunPro+, visit: https://freyrenergy.com/sunproplus/