Surat, August 19 – Nikhil Kamath, co-founder of Zerodha, has invested ₹137.5 crore in Goldi Solar, one of India’s largest solar photovoltaic (PV) module manufacturers. The strategic backing is set to accelerate Goldi Solar’s expansion and strengthen its position as a global renewable energy player.
Funding Snapshot
- Investor: Nikhil Kamath (Zerodha co-founder)
- Amount: ₹137.5 crore
- Purpose: Manufacturing expansion, clean energy scale-up
Powering India’s Clean Energy Transition
Kamath emphasized the scale of opportunity in renewable energy, stating that India must build world-class companies to lead the clean energy shift. His investment aligns with the country’s ambitious 280 GW solar target by 2030, while also supporting the government’s PLI scheme that encourages domestic solar manufacturing.
Goldi Solar’s Expansion Strategy
Over the past year, Goldi Solar has almost tripled its production capacity from 3 GW to 14.7 GW, making it one of the fastest-growing solar firms in India. The company is also building solar cell manufacturing units in Surat, Gujarat, and plans to introduce next-generation PV modules designed with high efficiency and emerging technologies.
Company Background and Edge
Founded in 2011 by Ishverbhai Dholakia, Goldi Solar has grown into a trusted supplier for both Indian and international markets. With this investment, the company aims to expand further into solar cell manufacturing and cater to India’s rising domestic demand while positioning itself as a competitive exporter.
Market Watch
India’s renewable sector is seeing an inflection point. Import duties on foreign modules and strong government incentives for local players are reshaping the market. Goldi Solar’s rapid growth and Kamath’s high-profile backing raise an important question: Will homegrown manufacturers finally challenge global solar giants?
Final Take
This deal signals a critical shift—Indian entrepreneurs and investors are no longer just consumers of renewable energy but builders of global-scale clean tech companies.
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