Novergy

What Novergy does

Novergy Energy Solutions Pvt. Ltd. (Novergy Solar) is a Udaipur, India-based, privately held solar energy equipment manufacturer and integrated solutions provider founded in 2006. The company designs, engineers, manufactures, supplies, installs, and commissions solar systems for industrial and commercial enterprises, with additional use cases in agriculture, telecom, and renewable energy development. Its product portfolio spans monocrystalline and BIPV (building-integrated) solar modules, Twin Cell (half-cut) PV modules with PERC cells and a 5-bar bus design, grid-tie, hybrid, and UPS inverters, BESS (battery energy storage systems), MPPT/PWM charge controllers, solar pumps from 0.5HP to 200HP, LED and aviation lighting, and a dedicated telecom DC power system (TC701A). At the solutions layer, Novergy delivers rooftop and utility-scale solar power plants, solar parks (off-site), solar hybrid systems and microgrids, BIPV facades, telecom tower power, solar pumping systems, parking canopy systems, and remote/backup power systems.

Novergy operates three revenue streams: (1) hardware sales of manufactured solar products, (2) CAPEX turnkey solar solutions covering design through commissioning, and (3) an OPEX / Solar-as-a-Service subscription model under which customers pay a fixed monthly fee with no upfront capital. The company sells primarily to mid and large corporates via direct enterprise field sales, while distributing through Indian dealer, overseas dealer, and channel partner programs covering 18+ Indian states and international markets in UAE/MENA, Africa, Europe, South Asia, and Southeast Asia. The company claims a NIL module replacement record across diverse and harsh field conditions, 21%+ module efficiency, and a 25-year linear performance warranty as its principal quality and reliability differentiators. Reported headcount is in the 51-100 range, the company is bootstrapped with no disclosed funding rounds, and revenue is not publicly disclosed.

Name

Novergy

Legal name

Novergy Energy Solutions Pvt. Ltd.

Website

https://novergysolar.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Novergy Energy Solutions is an India-based, vertically integrated solar equipment manufacturer and EPC provider founded in 2006, serving industrial and commercial enterprises across India and overseas with panels, inverters, BESS, and turnkey solar, microgrid, and OPEX solutions.

Ownership category

akta.pro rank

Product category

Solar Energy Equipment Manufacturing

NAICS

Solar Electric Power Generation (221114), Electric Lighting Equipment Manufacturing (3351)

SIC

Electric Lighting & Wiring Equipment (3640), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)

akta.pro secondary industries

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB), Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Solar photovoltaic manufacturing
• Rooftop solar systems
• Solar EPC services
• Battery energy storage
• Solar pumping solutions

Headquarters

HQ city

Udaipur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar Hardware Sales: Sale of solar panels (monocrystalline, polycrystalline, twin cell, BIPV), solar inverters (grid tie, hybrid, solar UPS), BESS battery storage systems, solar pumps, solar lighting systems, solar kits, and solar chargers/controllers as manufactured products.
2. Solar Solutions & Installation (CAPEX Model): Full solar energy system design, engineering, manufacturing, supply, installation, and commissioning services delivered as turnkey solutions for power plants, rooftop systems, and custom installations.
3. OPEX/Solar as a Service Model: Pay-as-you-go solar energy service where customers pay affordable fixed monthly cost covering system installation, maintenance, and monitoring without upfront capital expenditure. Novergy handles installation and ongoing care while customers pay for energy consumed.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Novergy manufactures solar PV modules (monocrystalline, twin cell/half-cut, BIPV), solar inverters (grid-tie, hybrid, UPS), battery energy storage systems, solar pumps, solar lighting and aviation navigation lights, and charge controllers, while also delivering turnkey solar solutions including rooftop systems, utility-scale power plants, hybrid microgrids, BIPV facades, telecom power systems, agricultural pumping, OPEX-based solar-as-a-service, and off-site solar parks across India and overseas markets.

Product overview

Novergy offers a comprehensive portfolio of solar energy solutions and products designed for industrial, commercial, agricultural, and residential applications. The product portfolio includes high-efficiency solar panels (monocrystalline, BIPV building-integrated, and Twin Cell half-cut modules), solar inverters (grid-tie, hybrid, UPS, and solar hybrid variants), Battery Energy Storage Systems (BESS), solar kits, solar pumps (0.5HP to 200HP in DC and AC configurations), and solar lighting & navigation systems with LED and aviation lighting options. The company also provides solar chargers and controllers using MPPT and PWM technologies, plus specialized telecom DC power systems. On the solutions side, Novergy delivers end-to-end services including solar power plants and rooftop systems, solar hybrid systems and microgrids, BIPV facade installations, telecom solutions, solar pumping systems for agriculture, solar lighting, remote and backup power systems, parking canopies, off-site solar parks, and OPEX financing models. As an integrated player covering design, engineering, manufacturing, supply, installation, and commissioning, Novergy positions itself as a one-stop solution provider with nearly 18 years of solar industry experience and claims to be a leading solar panel manufacturer in India.

Differentiator

Problem solved

Functional benefit

Brands

• Novergy: Primary solar brand offering complete range of solar solutions including panels, inverters, pumps, and systems
• Twin Cell Solar Panels
• BIPV Solar Panels

Products and services

• Monocrystalline Solar Panels High-efficiency monocrystalline silicon solar modules with dark black appearance, efficiency between 20% and 24%, suitable for industrial, commercial and residential installations.
• BIPV (Building Integrated Solar PV) Modules Building-integrated photovoltaic modules that serve as architectural elements while generating solar power for facades, windows, and building surfaces.
• Solar Twin Cell PV Module Half-cut cell solar PV modules where cells are cut in half, dividing internal current and improving performance, longevity, and shade tolerance with power output up to 60% higher than conventional panels and over 21% efficiency.
• Grid Tie Inverter (IGPB Series) Inverters that connect solar panel systems directly to the electrical grid, converting DC power from solar panels into AC power for grid feed-in.
• Hybrid Inverter (IPCK Series) Inverters capable of operating with both grid connections and battery storage systems, providing flexibility between grid power and stored energy.
• Solar UPS (IPCT Series) Uninterruptible power supply systems powered by solar energy, providing backup power during grid outages.
• Solar Hybrid Inverter (IPCV Series) Advanced hybrid inverters combining grid-tie and battery storage capabilities for complete energy management.
• BESS – Battery Energy Storage System Battery energy storage systems that store excess solar power for use during non-generating periods, enabling energy independence and grid stability.
• Solar Kit Complete solar power kits containing panels, inverter, mounting hardware, and necessary components for residential or small commercial installations.
• Solar Pump Solar-powered water pumping systems available in DC and AC variants with power ratings from 0.5HP to 200HP, including borewell submersible, openwell submersible, and surface monobloc configurations for irrigation and water supply.
• Solar LED Light LED-based solar lighting solutions for street, area, and commercial lighting applications powered by solar energy.
• Solar Aviation and Navigation Lights Solar-powered aviation and navigation lighting systems for airports, towers, and other critical navigation points.
• Solar Controller (MPPT and PWM) Charge controllers using MPPT (Maximum Power Point Tracking) and PWM (Pulse Width Modulation) technologies to optimize solar panel charging efficiency.
• Telecom TC701A DC Power System DC power system designed specifically for telecom infrastructure, providing reliable power backup for cell towers and communication equipment.
• Solar Power Plant & Rooftop System Turnkey utility-scale solar power plants and rooftop solar installations for commercial, industrial, and residential applications, delivered as end-to-end solutions.
• Solar Hybrid System & Microgrid Solutions Combined solar systems with battery storage and microgrid capabilities forming energy islands during grid outages for hospitals and corporate facilities.
• BIPV, Facade & Architectural Solar Panel System Building-integrated photovoltaic solutions for architectural applications including facades, windows, and building surfaces.
• Solar Telecom Solutions Solar power solutions specifically designed for telecom tower installations, providing reliable and cost-effective energy for telecom infrastructure.
• Solar Pumping System Solar-powered irrigation and water pumping systems for agriculture, drinking water, lift irrigation, and community water requirements.
• Solar Lighting Solution Solar-powered lighting solutions for streets, parking areas, and outdoor spaces using LED technology.
• Remote Power & Backup Power Systems Off-grid solar power systems for remote locations without grid access, providing reliable electricity and backup power capabilities.
• Solar Parking & Custom Designed Solutions Solar installations designed for parking structures with canopies and custom solar solutions for unique requirements.
• Solar Park Off-Site Large-scale off-site solar park developments providing solar power through power purchase agreements without on-site installation.
• OPEX (Solar-as-a-Service) Solution Operational expenditure / Solar-as-a-Service model allowing customers to use solar power without upfront capital investment, paying a fixed monthly fee that covers installation, maintenance, and monitoring.
• Green Open Access / Telangana Green Energy Open Access Solutions Green Open Access solutions enabling commercial and industrial customers to procure renewable power under state Green Energy Open Access policies including the Telangana Green Energy Open Access Policy.

Quantifiable outcome

• 21%+ PV module efficiency
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Tata Power Solar Systems: Subsidiary of Tata Power with large-scale solar manufacturing, EPC, and rooftop solutions across India; competes with Novergy in C&I and utility-scale but is far larger and part of a diversified energy group.
• Adani Solar: Subsidiary of Adani Group and one of India's largest integrated solar manufacturers and project developers; broader portfolio and balance sheet than Novergy but operates in same modules + EPC space.

Direct peers

• Waaree Energies: India's largest solar PV module manufacturer with integrated EPC and project development capabilities; most direct comparable to Novergy as a domestic module + solutions player, though significantly larger and now publicly listed.
• Premier Energies: Indian solar cell and module manufacturer with growing manufacturing capacity and integrated operations — directly comparable as an Indian-domiciled module manufacturer targeting both domestic and export markets.
• Sterling & Wilson Renewable Energy: Large Indian solar EPC contractor executing utility-scale and C&I projects globally; competes with Novergy's EPC/project execution capabilities though without Novergy's own module manufacturing base.
• Saatvik Green Energy: Indian solar PV module manufacturer focused on high-efficiency mono PERC and bifacial modules for domestic and export markets — similar mid-scale positioning and product mix to Novergy.
• Goldi Solar: India-based solar PV module manufacturer producing mono and bifacial modules for domestic and export markets — directly comparable scale and product offering to Novergy.
• Vikram Solar: Indian solar PV module manufacturer offering crystalline silicon modules plus EPC services for utility-scale and rooftop — closely comparable product portfolio and integrated business model to Novergy.
• RenewSys India: Manufacturer of solar PV modules, cells, and encapsulants with global distribution; comparable integrated manufacturing-and-export profile to Novergy, though RenewSys also operates upstream in encapsulants.

Emerging players

• Loom Solar: India-focused solar panel and kit manufacturer serving residential and small commercial segments via D2C channels — adjacent competitor in solar panels with overlap on modules but a smaller-format, consumer-leaning model versus Novergy's enterprise focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/novergysolar
• YouTubeyoutube.com/channel/novergysolar
• Facebookfacebook.com/NovergySolar
• LinkedInlinkedin.com/company/novergy-energy-solution-pvt--ltd-
• Instagraminstagram.com/novergysolar

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Novergy