Former Indian cricket captain Mahendra Singh Dhoni joined SolarSquare’s recently announced $53 million Series C funding round by investing from his family office, Midas Deals.
Moreover, Dhoni has also been appointed as the brand ambassador of the company, demonstrating investor’s trust in India’s booming green energy market.
"For me, this is much bigger than investing in a company. It is about investing in India's future. Energy security and clean energy are priorities that will define India's next decade, and residential solar has an important role to play, Dhoni stated adding, “What gave me the confidence to come on board was the founders' commitment to building for the long term. That is why I am excited to join the SolarSquare mission as both an investor and brand ambassador."
The timing of the funding is ideal as the rising utility bills and strong government backing are fueling a major shift toward home solar energy and SolarSquare has powered more than 50,000 homes in 29 cities since its launching in 2015, will use the new capital to broaden its geographic presence and bolster its tech platform.
Commenting on the investment, Co-founder and CEO Shreya Mishra SolarSqaure welcomed Dhoni and further added ”he has held the trust and expectations of a billion Indians and that is exactly the benchmark of trust we want to build with our customers. He is also someone who cares deeply about India and the climate, and genuinely believes in what we are building at SolarSquare."
