Soleos
Soleos is an Ahmedabad-based integrated renewable energy EPC and asset management platform that develops, finances, builds, and operates utility-scale solar and storage projects for enterprise energy consumers and institutional asset investors across India, Africa, and Europe.
- Company typePrivate
- Founded2017
- HeadquartersAhmedabad, India
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Soleos does
Soleos Energy Limited is an Ahmedabad-based integrated renewable energy platform founded in 2017 by Bhaveshkumar Rathod that delivers utility-scale solar and storage projects across India, Africa, and Europe through a four-stage model covering project development, financing coordination, EPC construction, and long-term asset management. The company serves two primary customer segments: enterprise energy consumers (manufacturing, healthcare, textiles, construction, agriculture, telecom, and F&B) seeking 15-40% energy cost reduction through captive, group captive, or third-party open access models, and institutional asset investors targeting 12-22% IRR/ROE through commercial PPAs, utility/DISCOM PPAs, and group captive equity investments. Named end-customers include R. Ambalal & Company, AEML Investment, Alap Construction, Global Long Life Hospital, Sunrise Agro Industries, GRE Electronics, Davat Beverages, and Gokul Energy.
The company's technology stack is anchored by three proprietary in-house products: TPSAT Tilted Plane Single Axis Solar Trackers with a proprietary astronomical tracking algorithm claiming 15-20% higher energy yield; an AI-based Intelligent BESS Controller running on the NVIDIA platform that optimizes battery dispatch against market prices; and a Total Asset Management Software platform with predictive maintenance and remote diagnostics. The company holds ISO 9001:2017, ISO 27001, IEC, and MCS certifications and reports a cumulative commissioned capacity of 350-450 MW across more than 120 projects.
Soleos generates revenue through four streams: one-time EPC project fees for solar and storage installations; recurring managed services revenue from long-term O&M and asset management contracts; project financing facilitation fees; and hardware sales including stand-alone BESS and solar-plus-storage hybrid systems with planned in-house battery manufacturing. Its go-to-market is enterprise field sales with direct engagement of commercial/industrial enterprises and institutional investors, supported by a dedicated investor relations function. As of December 2025, Soleos has raised approximately $20-21M in cumulative equity funding, with the most recent $12M round led by GVFL earmarked for solar-plus-storage scaling and transition to a round-the-clock renewable solutions provider.
Soleos firmographics
Firmographics- Name
- Soleos
- Legal name
- Soleos Energy Limited
- Website
- https://soleosenergy.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Soleos is an Ahmedabad-based integrated renewable energy EPC and asset management platform that develops, finances, builds, and operates utility-scale solar and storage projects for enterprise energy consumers and institutional asset investors across India, Africa, and Europe.
- Ownership category
- akta.pro rank
Soleos industry classification
Industry- Product category
- Solar EPC and Renewable Energy Platform
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), C&I Onsite/Behind-the-Meter Energy Supply (Solar, CHP, Microgrids) (EUAGACAJ), Energy Storage Balance-of-Plant (enclosures, switchgear, protection, metering) (IMAGAHAK)
Keywords
Where Soleos is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Soleos business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- EPC Services: Engineering, Procurement, and Construction services for solar projects including rooftop, ground-mounted, solar carports, agrivoltaic, floating solar, and utility-scale installations. Revenue is earned as a one-time project fee upon delivery of commissioned projects.
- Asset Management and O&M: Ongoing total asset management services including O&M operations, performance monitoring, predictive maintenance, and lifecycle protection for commissioned solar and storage assets. Revenue generated through long-term service contracts with asset owners and investors.
- Project Financing Facilitation: Coordination of debt and equity for project financing, including institutional partner engagement, insurance coordination, and risk mitigation. Soleos facilitates financing as part of its integrated platform.
- Battery Energy Storage Systems: Manufacturing and deployment of stand-alone BESS and solar-plus-storage hybrid systems, including in-house battery manufacturing capability. Plans to transition toward round-the-clock renewable solutions provider.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Soleos product offering
Product offeringCore offering
Soleos is an integrated renewable energy platform that delivers utility-scale solar and storage projects from development through long-term operations. The company designs and manufactures proprietary hardware including TPSAT solar trackers, operates an AI-based Intelligent BESS Controller on NVIDIA platform, and provides EPC construction services alongside in-house asset management software for monitoring and investor-grade analytics. Its offerings span onsite solar (rooftop, carports, ground-mounted, agrivoltaic), offsite solar (solar parks, utility-scale, floating), and battery energy storage solutions for commercial, industrial, institutional, and utility customers across India, Africa, and Europe.
Product overview
Soleos is a renewable energy solutions provider and EPC (Engineering, Procurement, and Construction) service company that offers an integrated platform spanning the entire project lifecycle from development through operations. The core product portfolio includes three proprietary technology products: TPSAT Solar Trackers (proprietary tilted plane single axis trackers), the Intelligent BESS Controller (AI-based controller on NVIDIA platform), and Asset Management Software (in-house monitoring platform). These are complemented by solution categories for Onsite Solar, Offsite Solar, and Storage, along with consumer engagement models (Captive, Group Captive, Third-Party Open Access) and investment products (Commercial PPAs, Utility PPAs, Group Captive Investments). The company operates across India, Africa, and Europe, delivering utility-scale solar and storage projects.
Differentiator
Problem solved
Functional benefit
Products and services
- TPSAT Solar Trackers
Quantifiable outcome
- Energy cost reduction of 30-40% for captive solar model with 3-4 year payback
- +5 more outcomes
Companies that use Soleos
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Soleos technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Soleos partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Unnamed Partner (Zambia)minorSoleos and an unnamed partner signaled interest in investing in a 1-GW solar project in Zambia's Central Province. Local energy minister Makozo Chikote urged them to move from expressions of interest to actual project execution. The partner's identity is not disclosed in the source.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
Soleos competitors and assessment
Company assessmentBroad incumbents
- Adani Solar: A vertically integrated Indian solar manufacturer and EPC giant with multi-gigawatt utility-scale and rooftop capabilities. Comparable to Soleos as a full-stack solar platform serving Indian enterprises and institutions, but vastly larger in scale and balance sheet.
- Tata Power Solar Systems: Subsidiary of Tata Power offering end-to-end solar EPC, rooftop solutions, and storage integration across India. Directly comparable to Soleos in serving enterprise C&I customers and institutional investors, with much stronger brand and balance sheet.
- Waaree Energies: India's largest solar module manufacturer with growing EPC and project development arms. Comparable to Soleos on utility-scale and rooftop solar execution, with much larger manufacturing and balance-sheet scale.
- Sterling and Wilson Renewable Energy: Global solar EPC contractor with significant utility-scale and storage project execution. Comparable to Soleos on EPC execution and multi-geography operations, with much larger project portfolio.
- Vikram Solar: Vertically integrated Indian solar manufacturer and EPC contractor with utility-scale, rooftop, and floating solar capabilities. Comparable to Soleos on EPC and solution breadth, with much larger established scale.
Direct peers
- Fourth Partner Energy (Reliance): India's largest distributed solar company (acquired by Reliance), focused on C&I captive, group captive, and open access models. Most directly comparable to Soleos on customer model, target segments, and integrated develop-finance-build-manage platform.
- Amp Energy India: Renewable energy platform with utility-scale solar, wind, and storage projects across India, with international operations. Closely comparable to Soleos on integrated platform model, institutional investor focus, and solar-plus-storage transition.
- Sunsure Energy: Indian solar IPP and C&I solutions provider with utility-scale and rooftop offerings, focusing on open-access and group-captive structures. Highly comparable to Soleos on target segments, customer model, and integrated platform strategy.
- CleanMax Enviro Energy: C&I-focused solar and storage platform serving Indian enterprises with captive and group captive models. Closely comparable to Soleos on customer model, enterprise focus, and asset management capabilities.
Emerging players
- Radiance Renewables: India-focused renewable energy platform serving C&I customers with solar, storage, and energy solutions. Comparable to Soleos on platform model and customer segments, though smaller and earlier-stage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Soleos social profiles
Digital presenceSoleos compliance and trust
Trust signalCompliance4 records
Soleos financial estimates
Financial estimateRevenue estimate
Valuation estimate
Soleos leadership team
Management profileNumber of profiles
Profiles2 records
Soleos funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Soleos 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 Soleos
What does Soleos do?
Soleos is an integrated renewable energy platform that delivers utility-scale solar and storage projects from development through long-term operations. The company designs and manufactures proprietary hardware including TPSAT solar trackers, operates an AI-based Intelligent BESS Controller on NVIDIA platform, and provides EPC construction services alongside in-house asset management software for monitoring and investor-grade analytics. Its offerings span onsite solar (rooftop, carports, ground-mounted, agrivoltaic), offsite solar (solar parks, utility-scale, floating), and battery energy storage solutions for commercial, industrial, institutional, and utility customers across India, Africa, and Europe.
Is Soleos a public or private company?
Soleos is a private company. It is classified as venture growth investor backed and is currently operating.
When was Soleos founded?
Soleos was founded in 2017. It employs 51 to 100 people.
Where is Soleos based?
Soleos is headquartered in Ahmedabad, India, in the Asia region.
How does Soleos make money?
Four revenue lines are on record. EPC Services are the primary driver. The others are asset Management and O&M, project Financing Facilitation and battery Energy Storage Systems.
Who are Soleos's main competitors?
Broad incumbents on record are Adani Solar, Tata Power Solar Systems, Waaree Energies, Sterling and Wilson Renewable Energy and Vikram Solar. Direct peers are Fourth Partner Energy (Reliance), Amp Energy India, Sunsure Energy and CleanMax Enviro Energy. Radiance Renewables is listed as an emerging player.
Does Soleos have an API?
No public API is recorded for Soleos.
What industry is Soleos in?
Soleos's product category is Solar EPC and Renewable Energy Platform. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro). Its NAICS code is 221114 and its SIC code is 4991.