# Freyr Energy Services Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freyr-energy-services-private

- Industry: Renewable Energy
- Headquarters: Hyderabad, India
- Website: www.freyrenergy.com
- Total disclosed funding: $8.5M
- Latest round: Series B (Oct 16, 2023)
- Investors on record: 8

## About

Founded in 2014 and based in Hyderabad, India, Freyr Energy Services Private Limited operates as a renewable energy company that develops SunPro+, a platform used to help channel partners while providing customers with awareness, affordability accessibility to solar energy. The company raised a total of USD 2.2 million over 2 funding rounds, including seed from DOEN Participaties in November 2016 and a Series A from Capital 4 Development Partners and Impact Partners in November 2018. 

Freyr Energy Services Private Limited's nuclear, mechanical, and environmental engineers developed a renewable energy platform for solar power production and usage, along with solar loan options on both businesses and homes. The company also offers a mobile application that enables consumers to assess a location's system size through a solar calculator, generate a quote, track solar system installation progress, and monitor the system's performance. 

The company generates revenue by installing solar photovoltaic systems for partnering businesses and industrial establishments.

## Funding rounds

- Series B, Oct 16, 2023, $7M — Lotus Capital, SE Ventures, mPokket, VT Capital, EDFI Management Company
- Series A, Nov 26, 2018, $1.5M — Impact Investment Exchange Asia, Capital 4 Development Group
- Seed, Nov 1, 2016 — DOEN Participaties

## Investors

- DOEN Participaties (https://capitalatlas.ai/funds/doen-participaties) — Seed
- Impact Investment Exchange Asia (https://capitalatlas.ai/funds/impact-investment-exchange-asia) — Series A
- Capital 4 Development Group (https://capitalatlas.ai/funds/capital-4-development-group) — Series A
- Lotus Capital — Series B
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series B
- mPokket — Series B
- VT Capital (https://capitalatlas.ai/funds/vt-capital) — Series B
- EDFI Management Company (https://capitalatlas.ai/funds/edfi-management-company) — Series B