CleanMax Solar announces equity financing of $100 mn from Warburg Pincus

CleanMax Solar announced that it has secured equity financing of up to $100 million from an affiliate of Warburg Pincus, a global private equity firm focused on growth investing. CleanMax will use the funds to continue its rapid growth in the rooftop and open access solar power markets in India, while pursuing growth in select international markets (Middle East and South-East Asia), and growing the nascent, yet promising energy storage solutions business.

Advertising