GREW Solar Raises INR 300 Crore to Expand Solar Manufacturing Capacity

GREW Solar, part of the Chiripal Group and an India-based solar PV manufacturer, has raised INR 300 crore from a group of investors that includes market veterans Vijay Kedia and Rohit Kothari of GeeCee Holdings.

The company said the fresh funding will be channelled into product development, technology upgrades and capacity expansion as it looks to strengthen its position in the renewable energy sector.

Commenting on this, Vijay Kedia said, “I invest in companies that are built on integrity, vision, and execution strength. GREW Solar embodies these values and is well-positioned to ride India’s renewable energy wave, particularly in solar manufacturing. It has the potential to create long-term value for investors while advancing India’s leadership in clean energy.”
 
Rohit Kothari of GeeCee Holdings said, “GeeCee Holdings trusts GREW Solar’s commitment to drive its next phase of growth, backed by strong technology capabilities and visionary leadership. In alignment with India’s clean energy agenda and global sustainability goals, we believe renewable energy is the future. We remain steadfast in supporting GREW Solar’s journey as they scale and create lasting impact.”
 
Vinay Thadani, Director and CEO of GREW Solar, added, “These investments validate our strategy and motivates us to build a robust solar ecosystem that powers India’s green ambitions. This will fuel our next phase of growth and strengthen our commitment to contribute meaningfully to India’s renewable energy goals.”

GREW Solar has rapidly scaled operations from commissioning 1.2 GW of PV module capacity in Rajasthan to 3 GW by 2025. The company is currently expanding its Dudu plant to 11 GW, which will make it one of India’s largest AI-powered integrated solar PV module facilities.

Looking ahead, GREW plans to set up a 3 GW solar cell plant in Narmadapuram, Madhya Pradesh, with an eventual scale-up to 8 GW by 2026, ensuring backward integration.