Clean Max Solar

Commercial and Industrial Renewable Energycleanmaxsolar.com

Clean Max Solar (CleanMax) is a Mumbai-headquartered renewable energy provider serving commercial and industrial enterprises across five countries with a 3 GW portfolio of solar, wind, and hybrid farms, offering onsite solar, offsite power, and carbon solutions under flexible OPEX, CAPEX, and VPPA financing models.

Company typePrivate
Founded-
HeadquartersMumbai, India
Headcount1–10
GTM typeB2B
OfferingServices

What Clean Max Solar does

Clean Max Solar (operating as Clean Max Enviro Energy Solutions Limited, branded CleanMax) is a Mumbai-headquartered renewable energy solutions provider serving commercial and industrial (C&I) enterprises across five countries — India, Thailand, UAE, Bahrain, and Saudi Arabia. The company operates a 3 GW renewable energy portfolio (comprising solar farms, wind farms, and hybrid farms across 10+ Indian states) and serves 570+ corporate customers, claiming the No.1 market position in Asia for the C&I renewable energy segment as of March 2026. Its go-to-market is enterprise B2B, executed through direct field sales and supported by flexible financing structures spanning OPEX (PPA-based, capital-light for the customer), CAPEX (full ownership), and VPPA (virtual PPA) models.

The company's product portfolio is organized into three pillars: Onsite Solar Solutions (customized Solar PV systems engineered for individual facilities), Offsite Solutions (large-scale solar, wind, and hybrid farms delivering green power to C&I consumers via long-term PPAs), and Carbon Solutions (decarbonization and carbon credit offerings). The technology stack includes proprietary asset management tooling branded "Asset Management Powered by Intelligence," which delivers real-time analytics, predictive maintenance, and live monitoring across the operational fleet. Marquee partnerships — Google (100 MW+ in India), Apple (joint venture supporting Apple's 2030 climate goal), Equinix (33 MW captive plant in Maharashtra), Bengaluru Airport (hybrid PPA for airport expansion), Cisco (Excellence in Sustainability Award), Toyota Tsusho India, Osaka Gas, and STT GDC India (130 MW+ for AI-ready data center infrastructure) — anchor the customer base across technology, aviation, data center, and energy sectors. The company has converted from a private to public limited company structure and is preparing for an IPO in fiscal 2025-26.

Clean Max Solar firmographics

Firmographics

Name: Clean Max Solar
Legal name: Clean Max Enviro Energy Solutions Limited
Website: https://cleanmaxsolar.com
Company type: Private
Operating status: Operating
Headcount range: 1–10 employees
Short description: Clean Max Solar (CleanMax) is a Mumbai-headquartered renewable energy provider serving commercial and industrial enterprises across five countries with a 3 GW portfolio of solar, wind, and hybrid farms, offering onsite solar, offsite power, and carbon solutions under flexible OPEX, CAPEX, and VPPA financing models.
Ownership category
akta.pro rank

Clean Max Solar industry classification

Industry

Product category: Commercial and Industrial Renewable Energy
NAICS: Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)
SIC: Electric Services (4911), Electric, Gas & Sanitary Services (4900)
akta.pro primary industry: C&I Onsite/Behind-the-Meter Energy Supply (Solar, CHP, Microgrids) (EUAGACAJ)
akta.pro secondary industries: Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), DER Aggregation & Virtual Power Plants (VPPs) (EUAMAJAC)

Keywords

Commercial solar power
Renewable energy solutions
Power purchase agreements
Carbon offset solutions
Rooftop solar systems

Where Clean Max Solar is headquartered

Location

Headquarters

HQ city: Mumbai
HQ country: India
HQ region: Asia

Offices1 record

Markets served

Clean Max Solar business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

Power Purchase Agreements (PPAs): Long-term power purchase agreements with corporate customers for renewable energy supply from solar, wind, and hybrid farms. Customers enter into PPAs to source green energy for their operations.
Onsite Solar Solutions: Customised Solar PV systems engineered for customer facilities with various ownership models including capital-light co-investment options or full ownership for customers.
Carbon Solutions: Decarbonization solutions supporting global sustainability goals through innovative and socially conscious initiatives.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Clean Max Solar product offering

Product offering

Core offering

Clean Max Solar (CleanMax) is a renewable energy solutions provider serving commercial and industrial (C&I) enterprises with three core offerings: Onsite Solar Solutions (customised rooftop/ground-mount Solar PV systems engineered for customer facilities), Offsite Solutions (large-scale solar, wind, and hybrid farms delivering green power via open access to C&I customers), and Carbon Solutions (decarbonization and sustainability initiatives). The company supplies renewable power through long-term Power Purchase Agreements (PPAs) and flexible OPEX/CAPEX/VPPA financing structures.

Product overview

Clean Max Solar is a renewable energy solutions provider offering three core product lines: Onsite Solar Solutions (customised Solar PV systems engineered for facilities), Offsite Solutions (large-scale solar, wind, and hybrid farms for consistent green power delivery to C&I consumers), and Carbon Solutions (sustainability initiatives for global climate goals). The company operates with flexible financing models including OPEX, CAPEX, and VPPA options, serving corporate businesses across 5 countries with a 3 GW operational portfolio. Asset management services include real-time analytics, predictive maintenance, and live monitoring capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

Offsite Solutions

Quantifiable outcome

3 GW operational portfolio across Asia
+2 more outcomes

Companies that use Clean Max Solar

Customer profile

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Clean Max Solar technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Clean Max Solar partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered flagship and core.

GoogleflagshipStrategic or Co-development PartnerLandmark 100 MW+ renewable energy partnership in India supporting Google's sustainable growth and commitment to source clean energy for operations in every grid where Google operates.
Bengaluru Airport (BIAL)coreStrategic or Co-development PartnerLong-term power purchase agreement for hybrid energy to meet renewable energy needs for airport expansion program, providing substantial cost savings and supporting sustainability goals.
AppleflagshipStrategic or Co-development PartnerJoint venture supporting Apple's 2030 climate goal to transform electrical grids and restore watersheds for a cleaner future.
EquinixcoreStrategic or Co-development Partner33 MW renewable power projects establishing a Captive Power Plant in Maharashtra, India to enable 100% renewable energy coverage for Equinix customers.
Toyota Tsusho India (TTIPL)coreStrategic or Co-development PartnerPartnership to jointly cater to Japanese corporates in India, facilitating reliable long-term renewable power with shared vision for sustainability.
Osaka GascoreStrategic or Co-development PartnerPartnership to contribute to India's renewable energy transition supporting the high-potential C&I market, aligned with Osaka Gas Group's commitment to CO2 reduction and carbon neutrality.
STT GDC IndiaflagshipStrategic or Co-development PartnerRenewable energy partnership scaled beyond 130 MW to power India's sustainable, AI-ready digital infrastructure.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Clean Max Solar competitors and assessment

Company assessment

Direct peers

Fourth Partner Energy: India-focused C&I distributed solar and energy solutions provider; very directly comparable to CleanMax in targeting commercial and industrial customers with onsite and offsite solar, backed by global investors.
ACME Solar Holdings: Indian IPP with solar and hybrid renewable projects targeting utility and C&I segments; a comparable mid-to-large scale renewable developer competing for similar PPA structures as CleanMax.
Jakson Group: India-based solar EPC and C&I renewable energy provider offering onsite solar, hybrid, and energy solutions; directly overlaps with CleanMax's onsite solar and C&I decarbonization offerings.
Sprng Energy: Indian renewable energy platform developing solar and wind farms including for C&I customers; overlaps with CleanMax's offsite hybrid/solar farm strategy and corporate PPA model.
Amplus Solar: C&I-focused rooftop and onsite solar provider in India (now part of Petronas); competes directly with CleanMax's onsite solar business for industrial and commercial customers seeking behind-the-meter solutions.
ReNew Power: Leading Indian renewable IPP with significant utility-scale solar and wind plus C&I exposure; directly comparable to CleanMax in pursuit of corporate PPAs and hybrid renewable solutions across India.

Regional players

Sembcorp Industries: Singapore-based renewables and sustainable urban solutions player with solar/wind assets across South and Southeast Asia; comparable to CleanMax's geographic diversification beyond India, especially in Thailand and the broader ASEAN region.

Broad incumbents

Adani Green Energy: Largest renewable energy developer in India with utility-scale and C&I exposure; overlaps directly with CleanMax on C&I PPA pursuit and large-scale solar/wind development, but operates a much broader portfolio.
JSW Energy: Indian IPP pursuing renewable expansion including C&I solar; overlaps with CleanMax on enterprise PPA bidding and corporate decarbonization offerings, while also running conventional and hydro assets.
Tata Power Renewable Energy: Part of the Tata Group, develops and operates utility-scale and C&I solar/wind capacity in India; competes head-to-head with CleanMax for enterprise and hyperscaler PPAs, with deeper balance sheet and group-level access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Clean Max Solar financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Clean Max Solar leadership team

Management profile

Number of profiles

Clean Max Solar funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Clean Max Solar M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Clean Max Solar

What does Clean Max Solar do?

Is Clean Max Solar a public or private company?

Clean Max Solar is a private company. It is classified as unknown and is currently operating.

When was Clean Max Solar founded?

Clean Max Solar was founded in -1. It employs 1 to 10 people.

Where is Clean Max Solar based?

Clean Max Solar is headquartered in Mumbai, India, in the Asia region.

How does Clean Max Solar make money?

Three revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are onsite Solar Solutions and carbon Solutions.

Who are Clean Max Solar's main competitors?

Direct peers on record are Fourth Partner Energy, ACME Solar Holdings, Jakson Group, Sprng Energy, Amplus Solar and ReNew Power. Sembcorp Industries is listed as a regional player. Broad incumbents are Adani Green Energy, JSW Energy and Tata Power Renewable Energy.

Does Clean Max Solar have an API?

No public API is recorded for Clean Max Solar.

What industry is Clean Max Solar in?

Clean Max Solar's product category is Commercial and Industrial Renewable Energy. Its primary akta.pro industry code is EUAGACAJ, C&I Onsite/Behind-the-Meter Energy Supply (Solar, CHP, Microgrids), with a secondary code of EUAMAJAD, Distributed Generation (DG) Solar & Small Wind. Its NAICS code is 221114 and its SIC code is 4911.