Karnataka Open Access Opportunity Would Be Our Main Focus This Year: Gajanan Nabhar, CEO, CleanMax Solar - CleanMax
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  • Agharkar Research Institute, Pune

Karnataka Open Access Opportunity Would Be Our Main Focus This Year: Gajanan Nabhar, CEO, CleanMax Solar

Raising two rounds of heavy funding from top global investors in a span of 6 months, CleanMax solar has its focus intact in putting the money to right use and get maximum returns for the investors. The Mumbai-based company is a pioneer in the ‘opex model’ in India, where the company puts up solar plants- rooftop or otherwise-at its own cost, and sells the power directly to customers. The company raised $15 million in equity capital from World Bank arm International Finance Corp. (IFC) this month and a $100 million in July from New York based private equity firm, Warburg Pincus.

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