# CleanMax Enviro Energy Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cleanmax-enviro-energy-solutions-pvt

- Industry: Renewable Energy
- Headquarters: Mumbai, India
- Website: www.cleanmax.com
- Total disclosed funding: $44M
- Latest round: Series F (Mar 26, 2019)
- Investors on record: 2

## About

CleanMax Enviro Energy Solutions Pvt. Ltd. is an Indian company specializing in renewable energy solutions, including onsite solar, wind farms, and decarbonization services, aimed at enabling corporates to achieve net-zero emissions.Founded in 2011 and based in Mumbai, India, CleanMax Enviro Energy Solutions Pvt. Ltd. focuses on renewable energy solutions. The company has raised INR 7.02 billion in its most recent funding round in October 2023, led by Dubai International Financial Centre, bringing the total amount raised to INR 7.02 billion with a current valuation of INR 51.44 billion. The firm has completed 16 deals to date and has garnered attention for its impactful energy solutions.CleanMax Enviro Energy Solutions Pvt. Ltd. specializes in renewable energy solutions, with a focus on onsite solar, large-scale wind and solar farms, and hybrid energy systems. They offer customized Solar PV systems and asset management solutions featuring real-time analytics and monitoring, serving clients in India, Thailand, the UAE, and Bahrain. With over 2.5 GW of operational portfolio, CleanMax assists more than 500 corporate clients, including technology giants like Google and Apple, in achieving their renewable energy goals.In the most recent financial year 2023, CleanMax reported a revenue of INR 115,824,822.1 and an EBITDA of INR 36,844,868.4. The company generates revenue through long-term power purchase agreements (PPAs) with corporations, structuring flexible financing options tailored to clients' energy needs.Looking ahead, CleanMax Enviro Energy Solutions Pvt. Ltd. plans to expand its renewable energy offerings and geographic presence. The company aims to launch new products designed for enhanced energy efficiency, leveraging the recent funding of INR 7.02 billion raised in October 2023 to support these initiatives. Specific target markets for expansion include Southeast Asia and the Middle East, with plans to establish a stronger foothold in these regions by 2025.

## Funding rounds

- Series F, Mar 26, 2019, $5.1M — Warburg Pincus, International Finance Corporation
- Series E, Mar 6, 2019, $2.4M — Warburg Pincus, International Finance Corporation
- Series C, Aug 6, 2018, $13M — Warburg Pincus, International Finance Corporation
- Series A, Nov 15, 2017, $23M — Warburg Pincus, International Finance Corporation

## Investors

- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series A, Series C, Series E, Series F
- International Finance Corporation — Series A, Series C, Series E, Series F