What is Loom Solar?
Loom Solar stands as India's foremost manufacturer of solar power generating systems and products, encompassing solar panels, batteries, and inverters. The company serves a broad clientele, including residential, commercial, and agricultural sectors, delivering solutions that range from small-scale DIY projects to extensive industrial installations. With a robust network of over 10,000 dealers and a strong emphasis on customer satisfaction, Loom Solar also facilitates solar financing options. Established in 2018, the company has successfully extended its market presence to over 10 countries, solidifying its position in the global solar energy landscape.
How much funding has Loom Solar raised?
Loom Solar has raised a total of $2M across 1 funding round:
Unspecified
$2M
Unspecified (2023): $2M with participation from SIMA Funds
Key Investors in Loom Solar
SIMA Funds
SIMA Funds is a social asset manager dedicated to empowering the Bottom of the Pyramid through impact investing in renewable energy, affordable housing, and financial inclusion. They aim to generate both financial returns and meaningful social impact, particularly in least developed countries.
What's next for Loom Solar?
The recent major strategic investment in Loom Solar signals a critical phase of growth and development for the company. This backing is expected to fuel further innovation in solar technology, enhance manufacturing capabilities, and expand its market reach both domestically and internationally. Loom Solar's focus on providing comprehensive solar solutions, coupled with its extensive dealer network and financing options, positions it for sustained leadership in the burgeoning renewable energy market, particularly in emerging economies.
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