GVFL Invests $12 Million In Soleos Energy To Scale 24/7 Clean Power Solutions

GVFL, one of India’s early venture capital firms, has led a $12 million funding round in Soleos Solar Energy, a renewable energy solutions and EPC service provider with operations in India and overseas markets. GVFL invested $2.5 million in the round, while other participants included Tipsons Group, Navin Dalmia, select family offices, and several existing investors who increased their commitments. The funding marks an important milestone for Soleos as it looks to scale its business and expand its clean energy portfolio.

Soleos Solar Energy was founded in 2017 by Bhavesh Rathod with the aim of building reliable and investor-ready renewable energy infrastructure. The company follows an integrated business model that brings together project development, customer acquisition, investor onboarding, capital structuring, EPC execution, and long-term asset management under one system. This approach helps reduce common risks related to project development, execution delays, performance issues, financial structuring, and scalability, which often slow down renewable energy growth.

Over the past eight years, Soleos has executed solar projects across India as well as in Ghana, Uganda, and Portugal. Its work includes the development of solar parks, implementation of smart city programs, and delivery of consumer-led energy solutions for commercial and industrial customers. The company has gradually built a diversified portfolio that supports both domestic and international renewable energy demand.

The newly raised funds will be used to expand Soleos’ development pipeline and support construction activities in priority regions. The company also plans to strengthen its investor governance systems, scale group-captive and other consumer-driven energy models, and develop integrated solar-plus-storage solutions. Recently, Soleos has started manufacturing battery energy storage systems in-house, marking its entry into storage-led clean energy offerings. This fundraiser is expected to help the company move beyond being mainly a solar execution player to becoming a provider of round-the-clock renewable energy solutions.

Commenting on the investment, GVFL Managing Director Mihir Joshi said that Soleos has built a strong platform that addresses key gaps in renewable infrastructure creation. He added that the company’s integrated approach offers clarity and confidence to investors, which is critical for scaling clean energy projects.

Founder Bhavesh Rathod said the company’s focus has always been on bridging both the energy and investment gaps through dependable renewable infrastructure. He noted that the funding will help Soleos build ready-to-deploy assets, expand its consumer and investor base, and accelerate its move towards round-the-clock renewable energy capability.

Looking ahead, Soleos plans to expand its presence across India and select international markets. The company aims to develop storage-led, grid-supportive solutions that help manage peak demand and deliver commercially efficient renewable power, with a long-term vision of becoming a globally trusted renewable energy platform.