Candi Solar

Switzerland · Climate tech

Distributed solar and battery storage for commercial and industrial businesses.

Product

Candi Solar develops, finances and operates solar power and battery storage projects for commercial and industrial customers in India and South Africa. Founded in 2018 and headquartered in Zurich, it handles projects from engineering through long-term operation.

Its power purchase and performance-linked models let businesses adopt clean electricity while limiting upfront capital expenditure.

Funding history

15 rounds · 12 with disclosed amounts
AnnouncedRoundAmountInvestors
Project financing facility$50MGreen Investments Partnership — Participant
Syndicated multicurrency debt facility≤$58.5MInternational Finance Corporation — LeadCanada-IFC Blended Climate Finance Program — ParticipantClean Technology Fund — Participant
Convertible loan$20MNorfund — ParticipantSTOA Infra & Energy — Participant
Mezzanine facility top-up$4MEnergy Entrepreneurs Growth Fund — Participant
Debt facility increase~$18MBIO — Participant
Series C$38MClimate Investment Fund — LeadKyuden International Corporation — LeadSTOA Infra & Energy — Lead
Green bond financing$5MParticipants not disclosed
Debt facility increase~$14MBIO — Participant
Series BUndisclosedSTOA Infra & Energy — LeadEnergy Entrepreneurs Growth Fund — ParticipantGaia Impact Fund — Participant
Multicurrency loan facility~$10MBIO — Participant
Convertible note offering≤$4.2MPersistent — Participant
Junior loan$3MElectriFI — Participant
Series AUndisclosedFPCI Energy Access Ventures — Lead
Crowdfunded senior loan€125KParticipants not disclosed
SeedUndisclosedGaia Impact Fund — ParticipantPersistent — Participant
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