SunSource Energy logo — An SHV Energy Company

SunSource Energy

An SHV Energy Company

Founded 2010 India Noida, India 240 employees Venture round Total: $422.90M Energy, Renewable Energy +1

General Information

Company Name SunSource Energy
Founded Year 2010
Location India Noida, India
Founders / Decision Makers
Team member
Employees 240
Industries Energy, Renewable Energy, Construction
Funding Stage Venture round
Social

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About SunSource Energy

SunSource Energy is a leading provider of solar-based energy and storage solutions to commercial, industrial, and institutional customers. Established in 2010 and headquartered in Delhi NCR, the company develops, builds, and operates distributed power infrastructure for its clients and has assets across 24 states in India and in Southeast Asia. The firm offers customized solar power solutions to clients through innovative business models for on-site and off-site PPAs (Power Purchase Agreements). As the preferred energy transition partner, SunSource Energy manages the entire life cycle of the solar project they take up – from financing and development to asset management. The company has developed a portfolio of over 400 MWs* of Solar Power projects and is the preferred partner for over 150 Commercial & Industrial firms like Coca-Cola, GE, Celebi, Indian Oil, Max Healthcare, Yakult, Himalaya, Dominos, Pepsico, and many others. In March 2021, SHV Energy, a leading global distributor of off-grid energy, acquired a majority stake in SunSource Energy. Being active in the area of sustainable fuels and renewable energy solutions, SHV Energy is part of the Netherlands-based, 125-year-old SHV Holdings. The last investment made in February 2018 was of INR422.90M in a Venture Round investment, with SBICAP Ventures being the investor. This acquisition represents a significant step for both companies as it underscores the growing importance of renewable energy solutions in the global energy landscape and positions SunSource Energy for further growth and expansion with the backing of SHV Energy.

Business keywords: Solar Power, Energy Solutions, Commercial & Industrial, Power Purchase Agreements, Distributed Energy, Sustainable Fuels, Off-grid Energy, Solar Project Development, EPC Services, Carbon Emission Reduction, SHV Energy, Energy Transition Partner, South-East Asia Presence

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Venture Round INR422.90M 1
SBICAP Ventures
16 Feb 2018

SunSource Energy Alternatives & Competitors

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SunSource Energy vs
SHV Energy
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FAQ About SunSource Energy

An SHV Energy Company
SunSource Energy was founded in 2010.
SunSource Energy is headquartered in Noida, India.
SunSource Energy operates in Energy, Renewable Energy and Construction. Its work centres on Solar Power, Energy Solutions, Commercial & Industrial and Power Purchase Agreements.
SunSource Energy has approximately 240 employees.
SunSource Energy has completed 1 funding round, raising a total of $422.90M. The latest funding stage is Venture round.
Top alternatives and competitors to SunSource Energy include SHV Energy, U.S. Light Energy, Shams Power Limited, Enerwhere, SolarNow BV. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SunSource Energy and SHV Energy are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SunSource Energy, https://bouncewatch.com/company/sunsource-energy, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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