- Date : 14/12/2017
- Source : Business World
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.