by Waaree Group, a leading solar module manufacturer in India, has received a massive Rs 1,000 crore funding boost led by ValueQuest. The funding will be used to expand Waaree Group’s solar module manufacturing capacity and to invest in new product development.
Waaree Group is a leading solar module manufacturer in India. The company has a manufacturing capacity of 2 GW of solar modules and is planning to expand its capacity to 5 GW by 2025. Waaree Group’s products are used in a wide range of applications, including solar power plants, rooftop solar systems, and off-grid solar systems.
ValueQuest is a private equity firm that invests in growth-oriented companies in the renewable energy sector. The fund has invested in a number of leading solar companies in India, including Adani Solar, Vikram Solar, and Waaree Group.
The funding from ValueQuest will help Waaree Group to expand its solar module manufacturing capacity and to invest in new product development. The company plans to use the funds to build a new manufacturing plant in India and to develop new products for the solar market.
“We are excited to partner with ValueQuest to support our growth plans,” said Hitesh Doshi, Chairman and Managing Director of Waaree Group. “The funding will help us to expand our solar module manufacturing capacity and to invest in new product development. We are confident that this will enable us to meet the growing demand for solar modules in the global market.”
“We are impressed by Waaree Group’s strong track record of growth and its leadership position in the solar module market,” said Ashish Agarwal, Managing Director of ValueQuest. “We believe that the company is well-positioned to capitalize on the growing demand for solar modules in the global market.”
The funding from ValueQuest is a significant development for Waaree Group. The funding will help the company to expand its solar module manufacturing capacity and to invest in new product development. This will enable Waaree Group to meet the growing demand for solar modules in the global market.
Here are some additional details:
- Waaree Group has received a massive Rs 1,000 crore funding boost.
- The funding is led by ValueQuest, a private equity firm.
- The funding will be used to expand Waaree Group’s solar module manufacturing capacity and to invest in new product development.
- Waaree Group is a leading solar module manufacturer in India.
- The company has a manufacturing capacity of 2 GW of solar modules and is planning to expand its capacity to 5 GW by 2025.
Here are some quotes from Waaree Group executives:
- “We are excited to partner with ValueQuest to support our growth plans,” said Hitesh Doshi, Chairman and Managing Director of Waaree Group. “The funding will help us to expand our solar module manufacturing capacity and to invest in new product development. We are confident that this will enable us to meet the growing demand for solar modules in the global market.”
Overall, the funding from ValueQuest is a significant development for Waaree Group. The funding will help the company to expand its solar module manufacturing capacity and to invest in new product development. This will enable Waaree Group to meet the growing demand for solar modules in the global market.”
