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Freyr Energy Secures ₹58 Crore Equity Investment For Rooftop Solar Expansion

By PTI October 17, 2023

In early-stage private companies and projects that enhance access to and the supply of sustainable energy in developing countries

Freyr Energy Secures ₹58 Crore Equity Investment For Rooftop Solar Expansion
Freyr Energy Rooftop Solar Panel. Shutterstock
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Freyr Energy, a company specializing in rooftop solar energy, has secured an equity investment of INR 58 crore from the EU-funded impact investment facility EDFI Electrifi, Schneider Electric Energy Asia Fund, Lotus Capital, Maybright Ventures, and VT Capital.

Of the total funding, EDFI invested $3 million, as per a statement by Freyr Energy on Monday.

Freyr Energy assists retail customers, including homeowners and micro, small, and medium enterprises, in establishing rooftop solar units.

The Electrification Financing Initiative, or Electrifi, managed by EDFI Management Company, is an impact-focused investment facility funded by the European Union.

It invests in early-stage private companies and projects that enhance access to and the supply of sustainable energy in developing countries, the statement added.

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