GREW Solar, one of India’s youngest and fastest-growing integrated solar PV module manufacturers, has successfully raised Rs. 1050 Crores in a new funding round led by Bay Capital Investment Limited, with participation from two other institutional investors.
This latest capital infusion follows the company’s earlier Rs. 300 crores funding rounds from marquee investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings, underscoring continued confidence in its growth trajectory and strategy.
The new funds will be utilized to strengthen ongoing operations, support strategic expansion initiatives, and accelerate GREW Solar’s journey toward becoming a leading fully integrated solar manufacturer. A significant portion of the investment will be directed toward expanding the solar cell manufacturing facility, increasing total cell manufacturing capacity from the planned 3 GW to 8 GW.
Speaking on the development, Vinay Thadani, CEO & Director, GREW Solar, said, “This investment strongly endorses GREW Solar’s manufacturing capabilities, growth vision, and commitment to building a globally competitive solar manufacturing ecosystem from India. With this capital, we are well-positioned to accelerate our expansion, improve operational efficiency, and further strengthen our technology and scale.
As India advances toward its Make in India goals, GREW Solar remains committed to deploying technology-driven facilities and empowering the Indian workforce with future-ready skills. This initiative will help position India as a reliable global source of technical expertise and high-quality solar modules, while contributing meaningfully to the nation’s renewable energy targets.”
GREW Solar is significantly boosting its manufacturing capacity with major expansions underway at both its Dudu and Madhya Pradesh facilities to support integrated, end-to-end solar production.
With strong investor support, ongoing capacity expansion, and a continued emphasis on sustainable manufacturing, GREW Solar is poised to play a central role in shaping India’s renewable energy landscape and evolving as a trusted global solar partner.
