Startup Originals Team
Former India captain MS Dhoni has invested in Mumbai-based residential rooftop solar startup SolarSquare through his family office, Midas Deals, marking his latest bet on India’s fast-growing clean energy sector. The investment comes as part of SolarSquare’s recently completed $53 million Series C funding round, although the financial details of Dhoni’s participation have not been disclosed.
Along with becoming an investor, Dhoni has also been appointed as SolarSquare’s brand ambassador, a move that the company believes will strengthen customer trust as it expands across India. His association comes at a time when residential rooftop solar adoption is gaining momentum, supported by rising electricity costs, government incentives, and growing consumer interest in renewable energy.
Speaking about the investment, Dhoni said the decision goes beyond backing a startup and reflects his belief in India’s long-term energy future. He highlighted the importance of energy security and clean energy while praising the founders’ commitment to building a sustainable business over the long term.
What Happened?
SolarSquare announced that MS Dhoni has joined the company as both an investor and brand ambassador after participating in its recently completed Series C funding round. The funding, announced in June 2026, was led by B Capital, with continued participation from existing investors including Lightspeed, Elevation Capital, Lowercarbon Capital, Rainmatter by Zerodha, and Good Capital.
The Series C round raised $53 million, taking SolarSquare’s total funding to more than $100 million since its inception. The company plans to use the fresh capital to expand into 30 to 40 additional cities, strengthen its technology platform, recruit new talent, and broaden its residential energy offerings.
SolarSquare said Dhoni’s reputation for trust, consistency, and leadership aligns with its goal of becoming India’s most trusted residential solar brand.
Key Details
Founded in 2015, SolarSquare operates a full-stack residential rooftop solar business. The company manages the complete customer journey, including consultation, system design, financing support, installation, performance monitoring, and long-term maintenance. It also offers performance guarantees to homeowners, differentiating itself from many traditional installers.
The company says it has installed rooftop solar systems for nearly 50,000 homes across 29 cities in nine Indian states, making it one of India’s largest residential rooftop solar providers. Beyond installations, SolarSquare is working toward building a broader home-energy platform that includes battery storage, financing, maintenance services, and energy management solutions.
Industry reports have also indicated that the latest funding round values SolarSquare at around $500 million, reflecting strong investor confidence in India’s expanding residential solar market.
Company Background
SolarSquare is headquartered in Mumbai and was founded by Neeraj Jain, Shreya Mishra, and Nikhil Nahar. The company focuses exclusively on residential rooftop solar systems and has built a technology-driven platform that simplifies solar adoption for homeowners.
Unlike many installers that only supply equipment, SolarSquare follows an integrated model by handling consultation, engineering, financing assistance, installation, monitoring, and after-sales service. The company has positioned itself as a specialist in residential solar while expanding its presence across major Indian cities.
Industry Impact
MS Dhoni’s investment adds significant visibility to India’s residential rooftop solar industry at a time when the country is accelerating its renewable energy transition. His involvement is expected to increase consumer awareness and confidence in rooftop solar adoption, particularly among homeowners who may be considering clean energy investments.
The funding also reflects growing investor interest in India’s climate-tech ecosystem. With government initiatives promoting renewable energy and rooftop solar installations, companies such as SolarSquare are well positioned to benefit from increasing demand for affordable and sustainable electricity solutions.
As more households adopt rooftop solar, the sector could contribute to reduced electricity costs, improved energy security, lower carbon emissions, and increased employment across installation, manufacturing, engineering, and maintenance services.
Future Plans
SolarSquare plans to use its new capital to expand into 30–40 additional cities, strengthen its technology infrastructure, hire more employees, and scale its residential energy platform. The company also intends to expand beyond rooftop solar by introducing complementary home-energy solutions such as battery storage, financing products, and energy management services.
With Dhoni joining as both investor and brand ambassador, SolarSquare aims to accelerate customer acquisition while reinforcing its position as a trusted brand in India’s rapidly growing residential clean energy market.
Conclusion
MS Dhoni’s investment in SolarSquare marks an important milestone for both the company and India’s residential solar industry. Coming soon after the startup’s $53 million Series C funding round, the partnership combines fresh capital with one of India’s most trusted public figures. As SolarSquare expands into new markets and broadens its home-energy offerings, the company is well positioned to benefit from the country’s growing demand for clean, reliable, and affordable residential solar solutions.
