Candi Solar
Candi Solar provides end-to-end solar and battery storage solutions for commercial and industrial businesses in India and South Africa, eliminating upfront costs through zero-risk financing models. The company designs, builds, and manages system performance in real-time, with clients paying only for the energy generated. With 135+ customers and 340+ MWp contracted, Candi Solar cuts power costs by up to 50% from day one.
- Energy
- Clean Technology
- Battery Technology
- Hardware
Funding
Raised to date
$38MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 1 round
KINS$38M · Series C
Announced Jun 2024 · from article date
Disclosed cumulative: $38M
Founders
Product
Problem
Commercial and industrial businesses face rising energy costs, grid instability, and frequent power outages that disrupt operations and increase expenses. Traditional grid power relies on fossil fuels, contributing to carbon emissions, while diesel backup generators add significant financial and environmental burdens. Securing reliable, cost-effective, and sustainable energy is a critical challenge for maintaining competitiveness.
Solution
Candi Solar provides end-to-end solar and battery storage solutions that enable businesses to reduce energy costs and enhance grid independence with zero upfront investment. The company offers flexible, zero-risk financing options including Power Purchase Agreements (PPAs) and Performance-Linked Instalment Sales (PLIS), where clients only pay for the energy their system generates. Candi Solar handles the complete process—designing, sizing, and building the system while taking on all construction risks—then manages real-time performance monitoring with guaranteed system accountability. Their Swiss Intelligence platform ensures optimal performance and reliability, with clients cutting power costs by up to 50% from day one while eliminating operational headaches, financial risks, and maintenance hassles.
Target Audience
Primary customers are commercial and industrial businesses in India and South Africa, including manufacturing plants, office buildings, logistics hubs, agricultural sites, and large facilities such as stadiums, seeking to lower energy costs, improve grid reliability, and meet sustainability goals.
Features
- Customized solar and battery energy storage systems (BESS) tailored to specific business energy needs
- Zero-risk financing models including Power Purchase Agreements (PPA) and Performance-Linked Instalment Sales (PLIS) with no upfront capital investment
- Complete engineering, procurement, and construction (EPC) services with quality guarantees
- Real-time performance monitoring and guaranteed system output through Swiss Intelligence platform
- Pay-per-energy model where clients only pay for electricity the system actually generates
- Flexible contracts with future buyout options for solar systems
- Integration with existing grid infrastructure to reduce reliance on diesel generators and grid power
- Remote monitoring and data analytics for ongoing system optimization