One microgrid at a time, a firm based in Bengaluru is subtly spearheading a significant shift at the center of India’s renewable energy movement.
Fast-rising cleantech firm GreenGrid Power has secured $12 million in Series A investment to spread its energy-as-a-service business model and solar microgrid infrastructure to underserved towns and villages in India. Rainmatter financial, Zerodha’s climate-focused investment division, and Sequoia Capital India co-led this strategic financial injection, which was disclosed on June 27, 2025.
This investment shows increased investor confidence in climate tech businesses tackling real-world problems at scale, in a year when startup funding in India has been more impact-driven and selective.
The Mission: Clean, Reliable Energy for the Last Mile
GreenGrid Power was established in 2021 by Anuj Shetty and Kiran Malhotra with the goal of providing uninterrupted, clean, and reasonably priced power to places that the national grid has either neglected or underserved. Their goal is straightforward but very potent: utilizing modular solar microgrids driven by AI, they want to electrify rural India and do away with the need for diesel generators and unstable grid electricity.
Under the startup’s energy-as-a-service (EaaS) concept, customers—typically small enterprises, schools, or rural homes—subscribe to solar electricity in a manner similar to how they would pay for a utility. However, in contrast to conventional configurations, GreenGrid’s platform offers real-time management and transparency through the use of smart meters, mobile invoicing, and IoT analytics.
“The idea isn’t just to bring power—but to bring power that’s clean, intelligent, and sustainable,” said Anuj Shetty, CEO and co-founder of GreenGrid.
What Does GreenGrid Actually Do?
The system operates as follows: GreenGrid installs solar microgrids, which are small, modular energy centers designed for a community or a collection of clients. These units are integrated with:
- Storage of batterier
- Intelligent meters
- Demand forecasting powered by AI
- Dashboards on the go for administrators and users
Even in off-grid areas, customers may get clean energy, pay per unit or monthly, and monitor their power consumption.
- Apart from homes, GreenGrid’s customers include:
- Schools and panchayats
- Primary care facilities
- Cold chain managers for pharmaceutical and agricultural
This strategy helps reduce CO2 emissions from diesel-powered systems in addition to addressing energy poverty.
Breaking Down the $12 Million Series A Round
One of the bigger sustainable energy agreements this quarter is GreenGrid’s $12 million round, which was revealed as part of the most recent startup fundraising news in India. Leading the Series A round was:
- Sequoia Capital India is renowned for supporting scalable infrastructure solutions that prioritize technology.
- Rainmatter Capital is Zerodha’s investing division with an emphasis on sustainability.
This financing comes after the business secured $1.8 million in 2023 for early investment, which includes grants for climate innovation, angel investors, and the SELCO Foundation.
The latest funds will be used strategically to:
| Use Case | Details |
| Product R&D | Improve battery efficiency, IoT devices, and predictive energy tech |
| Talent Acquisition | Hire 60+ engineers, regional managers, and policy specialists |
| Market Expansion | Deploy in 10 new states including UP, Odisha, Bihar, and Jharkhand |
| Infrastructure Partnerships | Collaborate with DISCOMs, NGOs, and panchayats to co-deploy grid solutions |
| Government Alignment | Integrate with PM-KUSUM and Saubhagya Yojana for subsidized clean energy |
The Bigger Picture: Why This Matters Now
India’s rural electricity access challenge is a social and economic restriction rather than only a technical one.
In India, more than 180 million people still have inconsistent or insufficient access to power. Power outages can last eight to twelve hours per day, particularly in Tier 3 towns and villages. Although they fill the need, diesel generators are quite expensive and harmful.
GreenGrid and other startups are crucial because they
- Disperse the production of electricity
- Make use of nearby energy storage
- Provide scalable, affordable models.
- In rural India, establish green jobs
Additionally, their concept fits in well with the government’s National Solar Mission, the KUSUM program for farmers, and new platforms for monetizing carbon credits.
“GreenGrid is solving one of India’s biggest challenges with a product that’s both mission-driven and commercially viable,” said Pallavi Jain, Principal at Sequoia Capital India.
Current Traction and Early Wins
As of mid-2025, GreenGrid Power has:
- Deployed 750+ microgrid units
- Electrified 45,000+ households across Karnataka, Maharashtra, and Telangana
- Partnered with 600+ schools and 120 healthcare centers
- Achieved 97% uptime compared to ~70% in legacy rural grids
- Helped communities reduce diesel use by over 4,000 tons of CO₂ annually
In electrified villages, school attendance has increased by 60% as a result of their recent pilot project with the Odisha State Renewable Energy Development Agency (OREDA). This is because children are no longer dropping out of school because of nighttime power outages.
Future Plans: Building India’s Clean Energy Backbone
After obtaining the Series A funding, GreenGrid is already creating a plan for FY26 and beyond.
Their next areas of emphasis are:
Introduction of the “Solar ATM” concept, a prepaid solar device that enables real-time energy use without the need for subscriptions.
- Demand prediction powered by AI: Minimize downtime and improve load distribution among village clusters.
- CSR Partnerships: Under ESG goals, collaborate with banks, FMCG companies, and manufacturing companies to electrify rural areas.
- Programs for microentrepreneurs: Teach young people in rural areas how to maintain and run energy units.
- The business wants to reach 150,000 homes by 2026.
- Two thousand villages
- A system of battery-swapping stations for transportation and agricultural uses
What Makes This Startup Stand Out?
What distinguishes GreenGrid Power in a crowded solar industry is its systems approach:
- They provide remote assistance and continuous servicing in addition to hardware sales.
- Their product is tailored to the topography, climate, and policy environment of India.
- Even the lowest-income consumers may access them because to their price that adjusts to economic variety.
The firm is a model startup in India’s expanding sustainable energy revolution because of its human-first attitude, robust digital infrastructure, and investor support.
Final Thoughts: A Bright Spark in India’s Startup Scene
More than just a financial story, GreenGrid Power’s $12 million Series A indicates that Indian businesses tackling complex, infrastructure-based issues are gaining traction.
This cleantech business provides a window into how technology and purpose may create a brighter future, one village at a time, at a time when gaudy unicorn values are dwindling and impact-driven innovation is becoming more prominent.
Initiatives like GreenGrid will not only be a part of the journey, but will be in the forefront if India is to achieve its objective of becoming a net-zero economy by 2070.
