The Series B funding round was led by EDFI ElectriFI and also saw participation from Schneider Electric Energy Asia Fund, Lotus Capital LLC, among others
Founded in 2014 by Radhika Choudary and Saurabh Marda, Freyr Energy offers a range of smart solar rooftops to homes and businesses
The startup will use the fresh capital to cater to rising demand, grow its team, and for product development and marketing
Solar energy startup Freyr Energy has raised INR 58 Cr (about $6.9 Mn) in its Series B funding round, led by EDFI ElectriFI. Schneider Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures and VT Capital also participated in the round.
Founded in 2014 by Radhika Choudary and Saurabh Marda, Freyr offers a range of smart solar grids to homes and businesses.