# FPL Nokero India Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fpl-nokero-india-pvt

- Industry: Electronics
- Headquarters: Chennai, India
- Website: www.fplnokero.com
- Total disclosed funding: $0.3M
- Latest round: Seed (May 3, 2017)
- Investors on record: 1

## About

FPL Nokero India Pvt Ltd specializes in innovative solutions focused on renewable energy, enhancing energy access through solar technology tailored for diverse markets.Founded in 2016 and headquartered in Chennai, India, FPL Nokero India Pvt Ltd is dedicated to delivering solar energy solutions. In May 2017, the firm raised INR 16.52 million in Seed funding from Stout Street Capital, marking its only deal to date. The company has not undergone any significant pivots or changes in its operational strategy since its inception.The company’s core offerings focus on innovative solar energy solutions designed to address energy accessibility challenges in developing regions. Its primary products aim to improve operational efficiency for users across sectors such as technology, healthcare, and consumer services. Over the past few years, FPL Nokero has launched flagship solar products primarily targeting markets in North America and Europe, catering to businesses and consumers who seek enhanced energy solutions.For the most recent fiscal year, 2022, FPL Nokero India Pvt Ltd reported a revenue of INR 5,395.30 million. The firm also recorded EBITDA of INR -1,927.30 million during the same period, indicating challenges in operational profitability.FPL Nokero plans to expand its product line with new solar energy solutions designed for emerging markets by the end of 2023. The company aims to penetrate additional regions in Africa and Southeast Asia, leveraging its recent Seed funding of INR 16.52 million from May 2017 to support this expansion. This funding will be utilized to enhance product development and enter these targeted markets.

## Funding rounds

- Seed, May 3, 2017, $0.3M — Stout Street Capital

## Investors

- Stout Street Capital (https://capitalatlas.ai/funds/stout-street-capital) — Seed