Goldi Solar has raised Rs 1,422 crore from Havells India and a consortium of strategic and institutional investors.

Havells India leads the investment, which also includes Ambit Global, Nikhil Kamath, Shahi Exports, and others. The funding, advised by SBI Capital Markets and supported by Saraf and Partners, will fuel Goldi Solar's growth, focusing on expanding its manufacturing capacity, strengthening solar cell production, and accelerating innovation in high-efficiency solar technologies. The company aims to scale its operations and enhance its presence in the global renewable energy market.

Over the past year, Goldi Solar has increased its solar PV module manufacturing capacity from three GW to 14.7 GW and is advancing solar cell production in Surat, Gujarat. This investment marks a transformative phase for the company, supporting its long-term sustainability and performance goals.