GVFL Leads USD 12 Million Funding Round in Soleos Solar Energy

Venture capital firm GVFL has spearheaded a USD 12 million funding round in Soleos Solar Energy, a fast-growing renewable energy solutions provider with operations in India, Africa, and Europe. GVFL contributed USD 2.5 million, joined by Tipsons Group, Navin Dalmia, select family offices, and increased commitments from existing investors.

The funds will accelerate Soleos’ development pipeline, finance construction across key geographies, enhance investor governance, and scale group-captive projects. The company has recently begun in-house manufacturing of battery energy storage systems. Bhavesh Rathod, Founder and Director of Soleos Solar Energy, said, “The capital will support our development pipeline, priority project construction, and the scale-up of our solar-plus-storage and group-captive models, advancing our transition toward round-the-clock renewable solutions."

“Soleos has built a robust platform addressing structural gaps in renewable infrastructure,” said Mihir Joshi, Managing Director of GVFL. “The company is poised to play a pivotal role in India’s energy transition and expand globally," he added.

As per the firm, over the next year, Soleos plans to deepen its presence in India and select international markets, delivering storage-led, grid-supportive solutions that manage peak demand and ensure commercially efficient renewable supply. Long-term, the company aims to become a global platform synonymous with reliable energy delivery.