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Business EconomyPosted at: Apr 21 2021 5:53PM


Freyr Energy raises Rs 18 Cr funding

Hyderabad, Apr 21 (UNI) Freyr Energy on Wednesday announced it has raised INR 18 crore in funding from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners.
Freyr Energy is one of India’s leading solar rooftop companies that is using technology to change the way homeowners and MSME’s transition to solar.
Funds raised in this round will be used to accelerate growth and further enhance customer experience, the company said in a release here.
Florian Temime, Principal, Total Carbon Neutrality Ventures (the venture capital arm of Total) commented, Freyr Energy has fully digitalized the customer journey thanks to its proprietary software environment SunPro+. We are convinced that this innovative software will ease the acquisition of rooftop solar customers and facilitate the entire customer journey from acquisition through to financing, execution and after sales service.
Gilles Vermot Desroches, President of SEEA Asia and SVP at Schneider Electric said “Through the innovative and scalable SunPro+ solution, Freyr Energy can contribute to mass-market adoption of solar energy, generating significant environmental impact while creating employment opportunities within their network of vendors.
Commenting on the follow-on investment by C4D Partners in Freyr Energy, Arvind, Partner, C4D Partners commented, “Through their technology, Freyr Energy has the potential to change how rooftop solar is sold and managed in India and other countries. Freyr Energy could bring much-needed consolidation in the sector”.
“Along with our existing investor C4D Partners, strategic investors like Total Carbon Neutrality Ventures and Schneider Electric Energy Access Asia provide us not only capital but global experience in the energy sector”, said Saurabh Marda, Managing Director of Freyr Energy.
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