Freyr Energy secures $7 million to boost solar transition

Freyr Energy, a rooftop solar company located in Hyderabad, has secured an equity investment of $7 million to boost solar transition among retail customers in India.

EDFI ElectriFI, an impact investment facility backed by the European Union and managed by EDFI Management Company, led the funding round with an investment of $3 million. Additional participants in the funding round include Schneider Electric Energy Asia Fund, Lotus Capital LLC, Maybright Ventures, and VT Capital.

In April 2201, Freyr Energy announced an equity investment of Rs 180 million from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia, and Capital 4 Development Partners for rooftop solar projects.