Solar Ladder, an Indian supply chain platform for solar installation companies, has raised 11 Crores in seed funding from several investors, including Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and various angel investors. The company plans to utilize the funds to distribute software that automates processes for solar installers, allowing them to expand their business tenfold and aims to become the go-to ecosystem for solar installation companies.
Solar Ladder aims to establish a robust marketplace that enables cheaper procurement, provides short-term embedded credit and insurance products to meet installers’ working capital requirements, and offers long-term financing options for end customers of solar installers. Its suite of services includes SaaS, procurement, financing, and other value-added services. The Solar Ladder SaaS tool provides end-to-end, sales-to-project management to operations and maintenance resources to solar installation companies looking to grow their business, while its procurement layer assists with the acquisition of solar modules, inverters, structures, balance of system, and other necessary materials.
The financing layer offers both short-term and long-term loans, with short-term loans available for credit on platform purchases and long-term financing available for end customers, enabling solar installers to increase their sales. The company currently has over 250+ customers, including major players such as Mahindra Solarize and Fourth Partner Energy.
With its mission to facilitate faster scaling for solar installers by providing them with appropriate financial, procurement, and software tools, Solar Ladder aims to equip local installers in every city with state-of-the-art technologies and services to enhance their capabilities.