Candi Solar, a Swiss company headquartered in Zurich, has successfully gathered $24 million in new funding from its existing investors. This financial boost intends to bolster its clean energy solutions catered specifically to businesses, as the company aims to broaden its reach across significant markets. This move serves as a key step towards scaling up its innovative approach in delivering clean energy, especially in emerging markets. With ambitious aims in its sights, Candi Solar set its eyes on a high double-digit-million Series D round anticipated in 2026, marking an essential blueprint for its future financial strategy.
Candi Solar’s previous breakthroughs include being recognized as one of the top three rooftop solar developers in India during 2024. Historically, these recognitions contribute to the company’s steady growth, particularly in large open-access projects, fortifying its role as an all-encompassing energy provider. In the past year alone, Candi has added more than 60 MW to its active portfolio. This includes a noteworthy 16.5 MW open-access project in Gujarat, manifesting its growing prominence in India. Its evolution reflects the broader integration of its innovative funding model with local market expertise, fostering enhanced capacity and outreach.
How Does Candi Solar’s Model Work?
Candi Solar’s approach involves offering tailored solar and battery solutions, aiming to simplify clean energy adoption for businesses. The company provides end-to-end services, handling everything from installation to maintenance. Such services are geared toward commercial clients in India and South Africa, ensuring efficient and risk-free adoption of solar power solutions. By effectively managing the entire energy process, the goal is to minimize operational stress for businesses while enhancing energy efficiency.
What Options Are Available for Existing Solar Users?
For businesses that already utilize solar energy, Candi Solar presents additional options. These include solutions like Solar Refi, a refinancing strategy enabling businesses to capitalize on current assets while Candi assumes performance oversight. Another offering, Solar Protect+, provides performance-backed services, where Candi guarantees improvements in underperforming assets, addressing operations and maintenance tasks effectively. This comprehensive service model encourages businesses to integrate solar power without significant performance concerns.
“This round enables us to deepen our presence in core markets, expand our product suite, and continue to attract world-class talent,” states Fabio Eucalipto, Co-founder and Director at Candi. “But more than that, it validates a long-term approach in a space often dominated by short-term thinking.” He highlights the company’s ongoing commitment to building financial structures that make clean energy investable on a larger scale in emerging markets.
Fabio Eucalipto hopes this fresh capital injection will advance Candi’s long-term goals, basically building a sustainable and viable financial and operational framework for clean energy in emerging economies. He emphasizes the importance of demonstrating a working model over time through strong investments and management strategies.
Candi Solar’s model, which combines local expertise with international investment acumen, continues to set it apart in the renewable energy landscape. As it progresses, it aims to enhance its portfolio, demonstrating the potential for sustainable energy solutions to address current and future energy demands. This development underscores the significance of innovative financial strategies in the renewable energy sector, paving ways for an efficient clean energy transition.
