Rayzon Solar

Rayzon Solar

Producer of solar photovoltaic panels

Founded

2017

Headquarters

Surat (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 - 9638000461

Rayzon Solar is a solar power company, but not the kind that just throws around buzzwords. It works in India’s clean energy space which is worth over $20 billion and still growing fast. The company is selling panels; it’s about making solar actually work for people residential folks, businesses, anyone who wants to save on electricity or move towards sustainability. They serve- B2B, B2C

Core Products and Services

  • TOPCon Technology Modules: High-efficiency panels with up to 22.47% conversion efficiency.

  • Bifacial and Monofacial Modules: Optimized for diverse installations.

Business Model and Revenue Streams

  • Selling Solar Modules: Rayzon earns a lot through direct sales of their solar modules and full systems. These go out to homeowners, offices, big factories and even solar parks. They’ve got a pretty mixed customer base, which means they aren’t depending on just one income type.
  • Big Projects = Big Payoffs: Rayzon gets hired for large solar projects—and these can be really high-value. Think industrial sites, commercial spaces or even institutions that need clean energy at scale. Rayzon takes care of everything from scratch to finish. 
  • Regular Earnings from Service: After they install a system, many clients sign up for ongoing support and maintenance plans. That brings in steady recurring revenue—not huge amounts at once, but reliable cash flow over time.

Key People

Chirag Nakrani

Hardik Kothiya

Amit Barve

Ankit Shah

Key Metrics

Total Equity Funding

$16.2 Million

No. of Funding Rounds

1

Latest Funding Round

$16.2 Million, Angel

as of April 18, 2025

Post Money Valuation

$842 Million

as of April 18, 2025

Funding Multiple

51.98

as of April 18, 2025

Investors

N/A

Employee Count

598

Similar Companies

Metafin

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 18, 2025Angel$16.2 Million$842 Million---

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