CleanMax Solar raises $15 million from World Bank’s IFC
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  • Agharkar Research Institute, Pune

CleanMax Solar raises $15 million from World Bank’s IFC

American private equity (PE) firm Warburg Pincus-backed rooftop solar companyClean-Max Solar has raised $15 million in equity capital from World Bank arm International Finance Corp. (IFC), said a senior executive of the firm. CleanMax Solar focuses on provid-ing clean energy to corporates through rooftop and grid-connected solar installations. Thecompany was founded in 2011, and has successfully installed more than 200 projects for over 50 leading corporate clients. The company’s clients include the Tata group, the Mahindra group, TYS group, Mindtree Ltd, United Breweries Ltd, Manipal Education & Medical Group, and SKF India Ltd.

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