Soleos

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.

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

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

• Solar EPC services
• Renewable energy platform
• Utility-scale solar projects
• Battery energy storage
• Asset management services

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Core 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

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

One partnership is on record.

• Unnamed Partner (Zambia)minorStrategic or Co-development PartnerSoleos 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

Broad 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

• LinkedInlinkedin.com/company/soleosenergy
• Xx.com/SoleosSolar

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soleos