MS Dhoni has made a new startup investment, and this time the bet is on rooftop solar. The former Indian cricket captain has invested in SolarSquare through his family office, Midas Deals, as part of the company’s $53 million Series C funding round.
Along with the investment, Dhoni will also join SolarSquare as its brand ambassador. That makes the deal more than a normal funding update. SolarSquare gets both capital and a trusted public face at a time when many Indian households are thinking about reducing electricity bills through rooftop solar.
For beginners, SolarSquare is not a solar panel maker in the usual sense. It is a residential rooftop solar company that helps homeowners and housing societies install solar systems from start to finish.
What SolarSquare does
SolarSquare works in the home solar space. Its main job is to make rooftop solar easier for families, apartment societies and homeowners.
A typical customer may not know which solar panel to buy, how much roof area is needed, how subsidies work, or who will maintain the system later. SolarSquare tries to handle this full journey.
The company offers consultation, site inspection, system design, installation, financing support, monitoring and after-sales service. In simple words, it tries to act like a one-stop platform for people who want solar power at home but do not want to manage ten different vendors.
For example, if a family in Pune has a high monthly electricity bill, SolarSquare can check the roof, estimate the right solar capacity, explain the expected savings, help with financing and install the system. After installation, the company also provides service and monitoring support.
Who founded SolarSquare and when
SolarSquare was founded in 2015 by Neeraj Jain, Shreya Mishra and Nikhil Nahar.
The company started in the solar energy space and later became strongly focused on residential rooftop solar. Shreya Mishra is the co-founder and CEO of the company.
Over the years, SolarSquare has positioned itself as one of India’s major residential rooftop solar players. Reports say the company has installed systems in more than 50,000 homes across 29 Indian cities.
MS Dhoni’s role in the funding round
MS Dhoni has invested through his family office, Midas Deals. The exact amount invested by him has not been publicly disclosed.
His role is also important from a brand point of view. Dhoni will become SolarSquare’s brand ambassador, which can help the startup build trust among regular Indian households.
That trust part matters. Rooftop solar is not an impulse purchase. A family may spend a large amount upfront and expect the system to work for many years. When a familiar name like Dhoni supports the brand, it can make more people curious about the category.
Still, customers should judge the product on practical points like pricing, warranty, service quality, subsidy support and real savings, not only celebrity backing.
About SolarSquare’s $53 million Series C round
SolarSquare raised $53 million in its Series C funding round in June 2026. The round was led by B Capital.
Existing investors such as Lightspeed, Elevation Capital, Lowercarbon Capital, Rainmatter by Zerodha and Good Capital also took part in the round. Reports say the company’s total capital raised has now crossed $100 million.
The funding is important because residential solar is a business where companies need money for expansion, technology, operations, customer service and working capital. Unlike a pure software startup, rooftop solar involves people on the ground, installation teams, equipment, logistics and long-term support.
How the funding will be used
SolarSquare plans to use the fresh money for city expansion, technology improvement, hiring and scaling operations.
The company is expected to expand into 30 to 40 more cities. This can help it reach customers beyond large metro markets.
A part of the money will also go into strengthening its technology platform. This may include better tools for system design, monitoring, customer support, sales operations and asset management.
The company also wants to improve financing options for homeowners. This is a key area because rooftop solar can reduce electricity bills over time, but the upfront cost can still feel heavy for many families.
SolarSquare has also spoken about building a wider home-energy platform. That could include solar installations, maintenance, battery solutions, financing and home energy management.
Why rooftop solar is becoming popular in India
Rooftop solar is gaining attention because electricity bills are rising in many cities, and households are looking for long-term savings.
Government support has also helped. India has been pushing rooftop solar through subsidy schemes and clean energy targets. For many homeowners, the idea is simple. Pay once, use sunlight to generate electricity, and reduce dependence on grid power.
India also has a large opportunity in this market. SolarSquare has said that around 70 million homes in India are suitable for rooftop solar, while adoption is still low compared with countries such as Australia and Germany.
That means the market is still early. If installation quality improves and financing becomes easier, more Indian homes may consider solar over the next few years.
Competitors in the rooftop solar space
SolarSquare is not alone in this market. India has several companies working in rooftop solar and clean energy services.
Tata Power Solar is a major name because of its strong brand and large energy background. Loom Solar is known for selling solar panels, inverters and rooftop solutions. Freyr Energy also works in residential and commercial rooftop solar. Other regional EPC players compete in different cities.
EPC means engineering, procurement and construction. In simple English, these companies design, source equipment and install solar systems.
SolarSquare’s advantage is its strong focus on residential customers and its full-stack model. But competition will become sharper as rooftop solar becomes more mainstream.
What customers should check before choosing rooftop solar
A homeowner should not buy rooftop solar only because of advertisements or discounts.
- First, check your monthly electricity bill. Rooftop solar makes more sense if your power usage is steady and your bill is high enough to justify the investment.
- Second, check roof space and sunlight. If your roof is shaded by nearby buildings or trees for most of the day, output may be lower.
- Third, compare warranty, panel quality, inverter brand and service promises. A cheaper system may not always be better if support is weak.
- Fourth, ask for a clear savings estimate. The company should explain how much power the system may generate, how long the payback period may be, and what happens during maintenance issues.
Conclusion with key takeaways
MS Dhoni’s investment in SolarSquare brings fresh attention to India’s residential rooftop solar market. But the bigger story is not just Dhoni’s name. It is the growing belief that home solar can become a large consumer category in India.
Key takeaways
- MS Dhoni has invested in SolarSquare through Midas Deals.
- He will also become SolarSquare’s brand ambassador.
- SolarSquare was founded in 2015 by Neeraj Jain, Shreya Mishra and Nikhil Nahar.
- The startup raised $53 million in Series C funding led by B Capital.
- The funds will be used for city expansion, technology, hiring, financing options and operations.
- SolarSquare works in residential rooftop solar and offers consultation, installation, financing support, monitoring and maintenance.
Facts Input- FE
Related
Discover more from Newskart
Subscribe to get the latest posts sent to your email.
