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GVFL Anchors USD 12 Million Investment Round in Soleos Solar Energy

Venture capital firm GVFL has led a USD 12 million funding round in Soleos Solar Energy, a rapidly expanding renewable energy solutions company operating across India, Africa, and Europe. GVFL invested USD 2.5 million in the round, alongside participation from Tipsons Group, Navin Dalmia, select family offices, and enhanced contributions from existing investors.

According to the company, the capital raised will be deployed to accelerate Soleos’ project development pipeline, fund construction activities in priority markets, strengthen investor governance frameworks, and scale group-captive renewable energy projects. Soleos has also recently initiated in-house manufacturing of battery energy storage systems, reinforcing its integrated solar-plus-storage capabilities.

Commenting on the fundraise, Bhavesh Rathod, Founder and Director of Soleos Solar Energy, said the investment will support the company’s pipeline expansion, priority project execution, and the scaling of solar-plus-storage and group-captive business models, while advancing its transition toward round-the-clock renewable energy solutions.

Mihir Joshi, Managing Director of GVFL, noted that Soleos has developed a strong platform that addresses key structural gaps in renewable energy infrastructure. He added that the company is well positioned to contribute meaningfully to India’s energy transition while expanding its global footprint.

Looking ahead, Soleos plans to strengthen its presence in India and select international markets over the next year, with a focus on delivering storage-led, grid-supportive solutions that manage peak demand and provide commercially efficient renewable power. Over the longer term, the company aims to evolve into a globally recognised platform for reliable clean energy delivery.