Jupiter International Limited, a leading manufacturer of photovoltaic solar cells and provider of solar power solutions in India, has raised Rs 3 billion in financing from ValueQuest S.C.A.L.E. PE fund. This capital will be used to enhance Jupiter International’s existing cell production capacity and start module manufacturing operations. This new investment will allow Jupiter International to establish a 1.8 GW solar cell manufacturing facility and a 1.2 GW solar module manufacturing facility. The company has also formed a joint venture with AmpIn Energy Transition to establish an integrated solar cell and module capacity of 1.2 GW each.
Jupiter International, based in Kolkata and equipped with advanced manufacturing facility in Baddi, Himachal Pradesh, has a solar cell production capacity of 800 MW.
In October 2023, AmpIn Energy Transition formed a joint venture with Jupiter International Limited for the solar manufacturing business in India.
