SolarSquare raises $60M for India's rooftop solar market

Indian rooftop solar startup SolarSquare is in advanced talks to secure between $55 million and $60 million in a Series C funding round, potentially valuing the company between $450 million and $500 million. B Capital and Lightspeed Venture Partners are expected to co-lead the round, with existing investor Elevation Capital also participating. This funding would significantly increase SolarSquare's valuation, reflecting growing investor confidence in India's rapidly expanding residential solar market. The company aims to capitalize on India's ambitious renewable energy targets, positioning itself as a full-stack provider for homes, housing societies, and enterprises.