Residential rooftop solar startup SolarSquare has announced that former Indian cricket captain MS Dhoni has invested in the company through his family office, Midas Deals, as part of its recently announced $53 million Series C funding round.
Alongside the investment, Dhoni will also join SolarSquare as its brand ambassador, supporting the company’s efforts to accelerate residential rooftop solar adoption across India.
The startup said it will use the fresh capital to expand its market presence, strengthen its technology platform, widen financing options, enhance customer service infrastructure, and drive greater adoption of rooftop solar solutions among homeowners.
Founded by Shreya Mishra and Nikhil Nahar, SolarSquare offers end-to-end residential rooftop solar solutions, covering consultation, system design, installation, financing, monitoring, and after-sales support. The company aims to simplify the rooftop solar adoption process by providing customers with a comprehensive solution under one platform.
According to the company, SolarSquare has installed rooftop solar systems in more than 50,000 homes across 29 cities. Following its latest funding round, the startup plans to significantly expand its footprint by entering 30 to 40 additional cities, increasing access to residential solar solutions across the country.
Earlier this month, SolarSquare raised $53 million in a Series C funding round led by Lightspeed, with participation from Lowercarbon Capital, NGP Capital, Elevation Capital, and existing investors. The latest investment from MS Dhoni forms part of this funding round and further strengthens the company’s growth ambitions.
As residential solar adoption gains momentum in India, SolarSquare is focusing on expanding its reach while improving affordability and customer experience through stronger financing options and continued investment in technology and service infrastructure.
With fresh capital, a planned multi-city expansion, and the addition of MS Dhoni as both an investor and brand ambassador, SolarSquare is positioning itself to scale its presence in India’s growing residential rooftop solar market while making clean energy more accessible to households.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
