# SolarSquare funding: rounds and investors

> SolarSquare has raised $98M across 2 rounds since 2024. Investors include Lightspeed Venture Partners, Elevation Capital and B Capital.

Source: https://millionrounds.com/company/solarsquare (Millionrounds; every figure on the page links to its filing or article)

India · [Series C startup](https://millionrounds.com/companies)

# Who invested in *SolarSquare*

2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech Energy Real Estate

Raised 5 months ago

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Funding summary Updated 27 Oct 2026

**$98M** raised across 2 rounds since 2024, from 4 sources

**$40M** Series B **$58M** Series C

- **Latest round:** Series C, $58M May 2026
- **Led by:** Lightspeed Venture Partners and B Capital
- **Step-up i:** 1.4×
- **Investors:** 6 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025 2026

**$40M** Series B

**$58M** Series C

- **First round:** Series B, $40M
- **Biggest round:** $58M
- **Between rounds:** 17 months

## The rounds

- **May 2026** Series C **$58M** *1 new* *2 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) Lead [B Capital](https://millionrounds.com/fund/b-capital) Lead [Elevation Capital](https://millionrounds.com/fund/elevation-capital) Reported by Silicon Canals and 1 other
- **Dec 2024** Series B **$40M** *5 new* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) Lead [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) [Lightrock](https://millionrounds.com/fund/lightrock) [Elevation Capital](https://millionrounds.com/fund/elevation-capital) Reported by TechCrunch and 1 other

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2024 **Series C** 2026 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) L L [Elevation Capital](https://millionrounds.com/fund/elevation-capital) [B Capital](https://millionrounds.com/fund/b-capital) L [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) [Lightrock](https://millionrounds.com/fund/lightrock)

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds, led 2

[Elevation Capital](https://millionrounds.com/fund/elevation-capital) VC firm **2** rounds

[B Capital](https://millionrounds.com/fund/b-capital) VC firm **1** round, led 1

[Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) VC firm **1** round

[Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) Corporate VC **1** round

[Lightrock](https://millionrounds.com/fund/lightrock) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=solarsquare).

## Also claim to have backed them

These 4 firms list SolarSquare as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Better Capital](https://millionrounds.com/fund/better-capital-2) VC firm Per its own site

[Faraday Norton](https://millionrounds.com/fund/faraday-norton) Investment firm Per its own site

[Gruhas Proptech](https://millionrounds.com/fund/gruhas) VC firm Per its own site

[Investopad](https://millionrounds.com/fund/investopad) Investment firm Per its own site

## Quick answers about SolarSquare

### Who invested in SolarSquare?

SolarSquare's investors include Lightspeed Venture Partners, Elevation Capital, B Capital, Lowercarbon Capital and Rainmatter by Zerodha, and 1 more on record. Lightspeed Venture Partners led its latest round.

### How much has SolarSquare raised?

SolarSquare has raised $98M across 2 rounds since 2024.

### When did SolarSquare last raise?

SolarSquare's most recent round was a Series C of $58M in May 2026, led by Lightspeed Venture Partners.

### What was SolarSquare's biggest round?

Its most recent round, $58M in May 2026, is also its largest on record.

### Who backed SolarSquare first?

SolarSquare's first round on record, in Dec 2024, was backed by Lightspeed Venture Partners, Lowercarbon Capital and Rainmatter by Zerodha and 2 others.

### What stage is SolarSquare at?

SolarSquare's latest named round is a Series C, in May 2026.

### Where is SolarSquare based?

SolarSquare is based in India.

### Who led SolarSquare's rounds?

Lightspeed Venture Partners led the Series B in 2024.

## Companies like SolarSquare

In the same sector, and raised in the last eighteen months.

[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)[**Navitas Solar** $20M · Oct 2026](https://millionrounds.com/company/navitas-solar)[**Battery Smart** $10M · Oct 2026](https://millionrounds.com/company/battery-smart)[**GreenCell Mobility** $124M · Oct 2026](https://millionrounds.com/company/greencell-mobility)[**Ionage** $1.3M · Oct 2026](https://millionrounds.com/company/ionage)[**Ultraviolette Automotive** $39M · Sept 2026](https://millionrounds.com/company/ultraviolette-automotive)

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