The startup, which offers full-stack solar solutions for homes, will use the funds to expand its operations, enhance its technology, hire talent, and engage in brand building.

SolarSquare, which offers end-to-end solution in designing, installation, government permits, enabling financing and post-sales regular solar maintenance, will invest the capital in building an asset management tech stack for remote monitoring and diagnostics of residential solar systems.

The fresh capital raised will be used to expand the startup’s presence from 20 cities to 50 cities in the next two years, building its tech stack, hiring and branding.