Shardul Amarchand Mangaldas advises SolarSquare on $53 million Series C fundraise

PE / VC June 2026· $53 million (₹508 crore) · Announced· ✓ Verified

SolarSquare operates India's full-stack residential solar platform with 150+ MW installed capacity across 29 cities in 9 states, serving approximately 50,000 homes and 400 housing societies. The deal is structured around the company's proven design-install-maintain recurring revenue model. Shardul Amarchand Mangaldas executed comprehensive equity documentation including share subscription, shareholders' agreement, purchase agreements, founders' employment pacts, and ancillary documents, plus vendor legal due diligence-standard VC practice but critical given the hardware-heavy nature of renewable energy.

Why it mattersSeries C in capital-intensive renewable energy requires comprehensive vendor legal due diligence alongside standard VC equity documentation-a critical structuring layer for hardware-backed energy platforms.
CounselShardul Amarchand Mangaldas
SectorEnergy & Renewables
Value$53 million (₹508 crore)
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