Freyr Energy Receives INR 18 Cr in Funding from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia (SEEAA) and C4D Partners
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Freyr Energy Receives INR 18 Cr in Funding from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia (SEEAA) and C4D Partners
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We are excited to announce an equity investment of INR 18 Cr from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia (SEEA Asia), and C4D Partners. Freyr Energy is one of India’s leading solar rooftop companies. The funds will help us accelerate growth and enhance customer experience in the residential and MSME segments.
Last year, we launched our revolutionary customer App – Freyr Energy App. With the Freyr Energy Solar App, we were able to simplify the whole process of owning asolar system for homeowners and MSMEs. Freyr Energy Solar App captures the customers’ entire solar journey from exploring to owning and experiencing solar.
Florian Temime, Principal, of Total Carbon Neutrality Ventures (the venture capital arm of Total) commented, “Freyr Energy has fully digitalized the customer journey thanks to its proprietary software environment Freyr Energy App. We are convinced that this innovative software will ease the acquisition of rooftop solar customers and facilitate the entire customer journey from acquisition through to financing, execution, and after-sales service. We see Freyr Energy App as a key success factor for Freyr’s development.”Gilles Vermot Desroches, President of SEEA Asia and SVP at Schneider Electric also believes that “Through the innovative and scalable Freyr Energy Solar App solution, Freyr Energy can contribute to mass-market adoption of solar energy, generating significant environmental impact while creating employment opportunities within their network of vendors.”Commenting on the follow-on investment by C4D Partners in Freyr Energy, Arvind, Partner, C4D Partners commented, “Through their technology, Freyr Energy has the potential to change how rooftop solar is sold and managed in India and other countries. Freyr Energy could bring much-needed consolidation in the sector. “ “Along with our existing investor C4D Partners, strategic investors like Total Carbon Neutrality Ventures and Schneider Electric Energy Access Asia provide us not only capital but global experience in the energy sector”,said Saurabh Marda, Managing Director of Freyr Energy.Read About Schneider Electric Energy Access Asia (SEEAA)HereRead About C4D Partners Here
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Freyr Energy Solar App has left a revolutionary impact on the solar panel market across India. The app is responsible for enhancing the customer experience and asserting trust among the buyers, whether it's for residential or small businesses. From giving smart financing to installation and after-sales operations, the app is a one-stop solution for most of Freyr’s flagship services.
The biggest impact Freyr Energy’s Solar App brings is changing the face of how the entire process of solar sales and management is done across the country. The app has left a lasting impact on how much people would feel and invest in solar brands offering smart applications.
Freyr Energy has stressed on how much investors are willing to put their best foot forward, considering how much solar energy has allowed takers to purchase one. Additionally, strategic investors like Total Carbon Neutrality Ventures and Schneider Electric Energy Access Asia provide a global experience for the brands to get recognised.
