Former Indian cricket captain MS Dhoni has invested in residential rooftop solar startup SolarSquare through his family office, Midas Deals, as part of the company’s recently announced $53 million Series C funding round.
In addition to the investment, Dhoni has also been appointed as SolarSquare’s Brand Ambassador, strengthening the company’s efforts to accelerate the adoption of rooftop solar solutions across India.
The announcement comes at a time when India’s residential solar market is witnessing rapid growth, driven by rising electricity demand, supportive government policies, and increasing consumer interest in clean energy solutions.
Funding to Accelerate Expansion Across India
SolarSquare plans to use the fresh capital to expand its operations, enhance its technology platform, improve customer experience, and make rooftop solar more accessible to homeowners across the country.
The company intends to:
- Expand into 30–40 new cities
- Strengthen its technology platform
- Introduce more flexible financing options
- Enhance customer service and after-sales support
- Accelerate the adoption of residential rooftop solar systems
The expansion is expected to significantly increase the company’s presence as demand for clean and affordable energy solutions continues to grow.
Building India’s Rooftop Solar Ecosystem
Founded by Shreya Mishra and Nikhil Nahar, SolarSquare offers an end-to-end rooftop solar platform that simplifies the entire customer journey.
Its services include:
- Solar consultation
- System design
- Installation
- Financing
- Performance monitoring
- After-sales service and maintenance
The company says it has already installed rooftop solar systems in more than 50,000 homes across 29 cities in India.
With increasing awareness of renewable energy and government initiatives supporting residential solar adoption, SolarSquare is positioning itself as a key player in India’s distributed clean energy ecosystem.
Strong Investor Backing
Earlier this month, SolarSquare secured $53 million in Series C funding, led by Lightspeed.
The funding round also saw participation from:
- Lowercarbon Capital
- NGP Capital
- Elevation Capital
- Existing investors
The investment reflects growing confidence in India’s clean energy sector and the long-term potential of residential rooftop solar.
MS Dhoni Strengthens SolarSquare’s Consumer Outreach
MS Dhoni’s investment and association as the company’s brand ambassador is expected to strengthen SolarSquare’s brand visibility and consumer outreach across the country.
As one of India’s most respected sporting icons, Dhoni’s association is likely to help raise awareness about the benefits of rooftop solar and encourage more homeowners to transition toward clean energy solutions.
Celebrity participation in climate-tech and renewable energy startups has become increasingly common, helping companies build consumer trust while supporting India’s broader sustainability goals.
India’s Rooftop Solar Market Continues to Grow
India’s rooftop solar segment is emerging as a critical component of the country’s renewable energy strategy.
With ambitious clean energy targets, supportive policy initiatives, and increasing consumer demand for lower electricity costs, residential solar installations are expected to witness strong growth over the coming years.
Companies like SolarSquare are playing an important role by offering integrated solutions that simplify solar adoption while improving accessibility through technology and financing innovations.
Looking Ahead
With fresh funding, a growing customer base, and the backing of MS Dhoni, SolarSquare is well positioned to accelerate its next phase of expansion.
As the company enters new markets and continues investing in technology and customer experience, it aims to make rooftop solar a mainstream energy choice for households across India while contributing to the country’s clean energy transition.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.