Freyr Energy
Freyr Energy is a Hyderabad-based rooftop solar EPC company founded in 2014 that designs, installs, and finances photovoltaic systems for residential, MSME, and C&I customers across 40+ Indian cities via its Freyr Energy App and a network of 10+ Solar Experience Centres.
- Company typePrivate
- Founded2014
- HeadquartersHyderabad, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Freyr Energy does
Freyr Energy Services Private Limited is a Hyderabad-headquartered rooftop solar EPC company founded in 2014 that designs, procures, finances, installs, and maintains photovoltaic systems for residential homeowners, micro-enterprises/MSMEs, housing societies, and commercial and industrial customers across India. As of the latest disclosures the company reports more than 18,000 cumulative customers, 120+ MW of installed capacity across 40+ cities and 6 states (Telangana, Andhra Pradesh, Kerala, Maharashtra, Madhya Pradesh, Uttar Pradesh), and a top-3 ranking among organized residential rooftop solar providers in India. FY2025 revenue was ₹165 crore with a stated FY2026 target of ₹300 crore.
The company's core product portfolio spans three rooftop solar lines (Residential, Commercial and Industrial, and Housing Societies) plus two differentiated sub-products: an Intelligent Self-Cleaning Solar System using sensor-based automated cleaning with 90% lower water usage, and a Hybrid Rooftop Solar System pairing on-grid solar with battery backup. The Freyr Energy App is the digital orchestration layer across the stack, offering free quotes, real-time installation tracking, payments, subsidy facilitation under the PM Surya Ghar Muft Bijli Yojana, and an AI-powered Smart Energy Optimizer that delivers predictive energy insights. Financing is enabled through partnerships with public-sector banks (Union Bank of India, State Bank of India) at 6.5-7% interest rates with AI-based digital loan underwriting.
Freyr Energy operates a hybrid go-to-market combining 10+ physical Solar Experience Centres with a self-serve digital funnel and an enterprise field sales team. Revenue is generated primarily through one-time system sales and installation bundled with professional services (site assessment, design, net-metering, post-installation maintenance), with a subscription-style after-sales maintenance offering recurring revenue. The company is MNRE-empanelled, has raised approximately USD 11.6 million across six funding rounds (most recently $7M Series B in October 2023 and ₹18 crore in 2024), and counts EDFI ElectriFI, Schneider Electric Energy Asia Fund, Total Carbon Neutrality Ventures, C4D Partners, and Lotus Capital LLC among its backers. Schneider Electric is also a strategic technology partner, integrating its Wiser Smart Home platform with Freyr's solar systems.
Freyr Energy firmographics
Firmographics- Name
- Freyr Energy
- Legal name
- Freyr Energy Services Private Limited
- Website
- https://freyrenergy.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Freyr Energy is a Hyderabad-based rooftop solar EPC company founded in 2014 that designs, installs, and finances photovoltaic systems for residential, MSME, and C&I customers across 40+ Indian cities via its Freyr Energy App and a network of 10+ Solar Experience Centres.
- Ownership category
- akta.pro rank
Freyr Energy industry classification
Industry- Product category
- Rooftop Solar Installation Services
- NAICS
- Solar Electric Power Generation (221114)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Repowering, Augmentation & Retrofit Integration (Capacity Expansion) (EUAEAEAL), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)
Keywords
Where Freyr Energy is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Offices12 records
Markets served
Freyr Energy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Solar System Sales and Installation: One-time sale and installation of rooftop solar photovoltaic systems including panels, inverters, mounting structures, and wiring. Revenue generated from the complete system cost paid by residential and commercial customers. Government subsidies (PM Surya Ghar) and financing options (EMIs, loans) support customer purchases.
- Professional Services: End-to-end project management including site assessment, system design, installation, net-metering, and post-installation maintenance. Revenue included in overall system pricing.
- After-Sales Maintenance: Ongoing maintenance and support services for installed solar systems, including proactive maintenance via Freyr Energy App.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | 1 kW residential solar system |
| Unit Pricing | Pay-as-you-go | 2 kW residential solar system |
| Unit Pricing | Pay-as-you-go | 3 kW residential solar system |
| Unit Pricing | Pay-as-you-go | 5 kW solar system |
| Unit Pricing | Pay-as-you-go | 10 kW commercial solar system |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Freyr Energy product offering
Product offeringCore offering
Freyr Energy is a full-service rooftop solar EPC company that designs, supplies, and installs photovoltaic systems for residential, commercial, industrial, and housing-society customers across India. Its core offering is an end-to-end solution covering site assessment, system design, hardware procurement, installation, net-metering, government subsidy processing, and post-installation maintenance, all orchestrated through the proprietary Freyr Energy App with AI-powered energy monitoring. The portfolio also features India's first Intelligent Self-Cleaning Solar System and Hybrid Rooftop Solar Systems with battery backup.
Product overview
Freyr Energy is a rooftop solar company offering a unified portfolio anchored by its digital platform — the Freyr Energy App — supported by physical Solar Experience Centres across India. The core offering spans three solar product lines: Residential Rooftop Solar (for homes and villas), Commercial and Industrial Solar (for businesses and industries), and Solar for Housing Societies (for multi-unit residential buildings). Two differentiating sub-products build on the core: the Intelligent Self-Cleaning Solar System (India's first AI-driven automated panel-cleaning solution) and the Hybrid Rooftop Solar System (on-grid solar with battery backup for uninterrupted power). Key digital modules include the Smart Energy Optimizer (AI-powered savings insights and energy forecasting), the Freyr Energy Solar Calculator (system sizing and savings estimator), Solar Loans (bank-partnered financing at 6.5–7% rates), and Solar Subsidy Support (end-to-end PM Surya Ghar Muft Bijli Yojana facilitation). The company provides MNRE-empanelled installation with end-to-end project management — from design and procurement through commissioning, net-metering, and 24×7 post-installation support — all orchestrated through the app platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Rooftop Solar End-to-end rooftop solar installations for individual homes and villas, covering system sizing, design, procurement, installation, subsidy support, and net-metering. Offered across system sizes from 1 kW to 10 kW with financing options and managed via the Freyr Energy App.
- Commercial and Industrial Solar Rooftop and ground-mounted solar solutions for businesses, industries, commercial buildings, and MSMEs. Includes on-grid solar systems, energy storage solutions, remote monitoring, and Power Purchase Agreement (PPA) options at zero capital investment.
- Solar for Housing Societies Rooftop solar installations for multi-unit residential housing societies, enabling shared solar adoption with community-wide energy cost savings and subsidy eligibility.
- Intelligent Self-Cleaning Solar System India's first AI-driven self-cleaning rooftop solar system featuring smart sensor-based automated cleaning cycles, 90% lower water usage, and up to 5% higher energy generation. Addresses dust accumulation challenges in dusty Indian climates and makes solar truly low-maintenance.
- Hybrid Rooftop Solar System Next-generation hybrid solar system combining on-grid support with battery backup, ensuring reliable power during grid failures, smart energy management, excess energy storage for peak hours, and reduced grid dependency for households and businesses.
- Freyr Energy App A solar-ownership mobile app available on Android and iOS that enables customers to get free quotes, compare system prices, access solar loans with AI-based risk approval, track installation progress in real time, monitor system performance, manage payments, and receive AI-powered savings insights via the Smart Energy Optimizer.
- Solar Loans Financing solutions for solar installations offered through partnerships with major public-sector banks including Union Bank of India and State Bank of India, providing solar-specific loans at 6.5-7% interest rates with zero-cost EMI options and collateral-free loan approvals facilitated by AI-based digital underwriting via the Freyr Energy App.
Quantifiable outcome
- Reduces electricity bills by up to 90%
- +4 more outcomes
Companies that use Freyr Energy
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles2 records
Freyr Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature4 records
Freyr Energy partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Schneider ElectriccorePartnership to integrate Schneider Electric's Wiser Smart Home technology with Freyr Energy's solar solutions. The collaboration enables real-time energy monitoring, optimisation of power consumption during peak hours, and unified app-based energy management. Supports PM Surya Ghar Yojana goals for rooftop solar adoption.
Scale indicators9 records
Recent moves12 records
Expansion highlights6 records
Freyr Energy competitors and assessment
Company assessmentDirect peers
- Loom Solar: India-focused residential and small commercial rooftop solar EPC with strong direct-to-consumer distribution and EMI/financing partnerships. Most directly comparable to Freyr Energy on customer segment, channel strategy, and rooftop-only focus.
- Fourth Partner Energy: One of India's leading C&I-focused rooftop and distributed solar EPCs with PPA/opex models. Comparable to Freyr's enterprise/C&I arm on customer type and project structure, though with a heavier C&I mix.
- CleanMax Solar (CleanMax Enviro Energy): India's largest C&I rooftop solar PPA provider operating an IPP-like model for commercial and industrial customers. Directly comparable to Freyr's C&I business on customer profile and project-based revenue.
- SunSure Energy: Indian distributed solar and PPA company focused on C&I and SME rooftop installations. Comparable to Freyr on C&I customer focus and growing geographic presence in tier-1/2 Indian markets.
- Amplus Solar: C&I-focused distributed solar IPP offering zero-capex PPA solutions across Indian commercial and industrial customers. Comparable to Freyr's enterprise PPA offerings within the C&I arm.
Broad incumbents
- Tata Power Solar Systems: Subsidiary of Tata Power with utility-scale, C&I, and residential rooftop solar EPC plus module manufacturing. A broader incumbent that competes with Freyr across residential rooftop and large enterprise segments.
- Adani Solar: Vertically integrated solar manufacturer and EPC within the Adani Group covering modules, utility-scale, and rooftop. Adjacent broad incumbent competing for both residential and enterprise rooftop mandates in India.
- Waaree Energies: India's largest solar PV module manufacturer expanding into EPC and rooftop solutions. Provides overlapping rooftop solar EPC services plus the module-supply leverage that Freyr Energy currently lacks.
Emerging players
- Goldi Solar: Indian module manufacturer expanding into rooftop solar EPC for residential and commercial customers. Comparable on rooftop EPC scope and emerging-market positioning, with the additional threat of module-level integration.
- Emmvee Solar: India-based solar PV manufacturer and rooftop EPC with residential and commercial focus. Comparable to Freyr on residential rooftop EPC, with manufacturing integration providing a structural cost lever.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Freyr Energy social profiles
Digital presenceFreyr Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Freyr Energy leadership team
Management profileNumber of profiles
Profiles3 records
Freyr Energy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Freyr Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Freyr Energy
What does Freyr Energy do?
Freyr Energy is a full-service rooftop solar EPC company that designs, supplies, and installs photovoltaic systems for residential, commercial, industrial, and housing-society customers across India. Its core offering is an end-to-end solution covering site assessment, system design, hardware procurement, installation, net-metering, government subsidy processing, and post-installation maintenance, all orchestrated through the proprietary Freyr Energy App with AI-powered energy monitoring. The portfolio also features India's first Intelligent Self-Cleaning Solar System and Hybrid Rooftop Solar Systems with battery backup.
Is Freyr Energy a public or private company?
Freyr Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Freyr Energy founded?
Freyr Energy was founded in 2014. It employs 11 to 50 people.
Where is Freyr Energy based?
Freyr Energy is headquartered in Hyderabad, India, in the Asia region.
How does Freyr Energy make money?
Three revenue lines are on record. Solar System Sales and Installation is the primary driver. The others are professional Services and after-Sales Maintenance.
Who are Freyr Energy's main competitors?
Direct peers on record are Loom Solar, Fourth Partner Energy, CleanMax Solar (CleanMax Enviro Energy), SunSure Energy and Amplus Solar. Broad incumbents are Tata Power Solar Systems, Adani Solar and Waaree Energies. Emerging players are Goldi Solar and Emmvee Solar.
Does Freyr Energy have an API?
No public API is recorded for Freyr Energy.
What industry is Freyr Energy in?
Freyr Energy's product category is Rooftop Solar Installation Services. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAEAEAL, Repowering, Augmentation & Retrofit Integration (Capacity Expansion). Its NAICS code is 221114.