GREW Solar raises ₹300 crore for technology and capacity expansion

GREW Solar has raised ₹300 crores from investors, including Vijay Kedia and Rohit Kothari, to become a global leader in sustainable energy. The company aims to develop new products, strengthen its technological infrastructure, and drive expansions.

GREW Solar has raised ₹300 crores from a diverse set of investors, including marquee investors like Vijay Kedia and Rohit Kothari (GeeCee Holdings). GREW Solar aims to emerge as a global leader in the sustainable energy space and will therefore utilise the new funds towards developing new products, strengthening its technological infrastructure and driving expansions.

Amongst the investors are celebrated investors Vijay Kedia and Rohit Kothari, well-known for identifying companies with strong fundamentals and long-term potential. Their backing of GREW Solar stands as a testament to growing investor confidence in the company and its strong growth potential in the renewable industry.

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.”

At a time when India is accelerating towards energy independence and green manufacturing, investments from such marquee investors also highlight their bullishness on the overall renewable energy sector.

Vinay Thadani, Director & CEO of GREW Solar, added, “We are honoured to welcome Kedia and Kothari on the cap table and thankful for their trust in our journey. These investments validate our strategy and motivate 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.”

With strong investor backing, ongoing expansion, and a focus on sustainable manufacturing practices, GREW Solar is poised to play a key role in shaping India’s journey towards energy independence and a greener tomorrow.

Backed by the Chiripal Group’s 52-year legacy of manufacturing excellence, GREW Solar has quickly risen to prominence since its inception in 2022. In its first year, the company launched M10 modules of up to 550 Wp and commissioned 1.2 GW of PV module manufacturing at Dudu, Rajasthan. By 2025, GREW Solar scaled its operational capacity to 3.0 GW, delivering high-efficiency M10 TOPCon modules of up to 590 Wp. The company is currently expanding its Dudu plant to 11.0 GW, making it one of India’s largest AI-powered, integrated solar PV module manufacturing plants equipped with its own state-of-the-art R&D laboratory.

Looking ahead, GREW will initially establish a 3.0 GW solar PV cell plant at Narmadapuram, Madhya Pradesh, followed by a capacity expansion to 8.0 GW by the end of 2026 at the same location, enabling backward integration.