Shardul Amarchand Mangaldas & Co. (SAM) and CMS INDUSLAW advised on SolarSquare Energy Private Limited’s US$53 million (approximately ₹508 crore) Series C funding round, led by B Capital with participation from existing investors Lightspeed, Lowercarbon Capital, Good Capital, Zerodha and Better Capital.

SolarSquare is India’s leading full-stack residential solar platform that designs, installs and maintains rooftop solar systems for homes, housing societies and enterprises. The company has installed over 150 MW of solar capacity across 29 cities in nine states, powering nearly 50,000 homes and approximately 400 housing societies. SolarSquare has also deployed rooftop solar solutions for various leading enterprises.

The proceeds will be used to accelerate SolarSquare’s growth, expand its market presence, and strengthen its technology and operational capabilities.

Shardul Amarchand Mangaldas & Co. Acted as legal counsel to SolarSquare on the transaction.

The transaction team was led by Partner Manish Gupta, with support from Principal Associate Rashi Singh, Senior Associate Vivek Tiwari, and Associate Adarsh Mishra.

The due diligence team comprised Principal Associate Rashi Singh, Senior Associate Vivek Tiwari, Associates Adarsh Mishra, Mannshree Sikchi, Ananya Vajpayee, Pratham Bagani and Anjali Banerjee.

CMS INDUSLAW advised B Capital, the lead investor, on the funding round.

The CMS INDUSLAW transaction team comprised Partner Winnie Shekhar, Counsel Rajat Jain, Senior Associate Ravishankar M, and Associate Arnab Chakraborty.

The CMS INDUSLAW Corporate Secretarial team comprised Executive Director Ruhi Jain, Manager Praveen Hegde, Assistant Manager Adarsh Joshi, and Executive Sri Anjana S.