Shardul Amarchand Mangaldas & Co. advised SolarSquare Energy Private Limited on its USD 53 million (around INR 508 crore) Series C funding round. Led by B Capital, the investment also saw participation from Lightspeed, Lowercarbon Capital, Good Capital, Zerodha, and Better Capital.
Shardul Amarchand Mangaldas & Co. served as legal counsel to SolarSquare Energy Private Limited (“SolarSquare”) for its Series C fundraising round of USD 53 million (about INR 508 crore).
The round was led by B Capital, with participation from existing investors Lightspeed, Lowercarbon Capital, Good Capital, Zerodha, and Better Capital.
SolarSquare is a full-stack residential solar company that designs, installs, and maintains rooftop solar systems for individual homes, housing societies, and enterprises. To date, it has deployed more than 150 MW of solar capacity across 29 cities in nine states, supplying clean energy to nearly 50,000 homes and approximately 400 housing societies.
The firm advised SolarSquare on all facets of the transaction, including drafting, negotiating, and finalizing key deal documents such as the Share Subscription Agreement, Shareholders’ Agreement, Share Purchase Agreements, Founders’ Employment Agreements, and other related ancillary agreements. Shardul Amarchand Mangaldas also carried out vendor legal due diligence for the transaction.
The transaction team at Shardul Amarchand Mangaldas was led by Manish Gupta (Partner), with assistance from Rashi Singh (Principal Associate), Vivek Tiwari (Senior Associate), and Adarsh Mishra (Associate).
The firm’s due diligence team included Rashi Singh (Principal Associate), Vivek Tiwari (Senior Associate), Adarsh Mishra (Associate), Mannshree Sikchi (Associate), Ananya Vajpayee (Associate), Pratham Bagani (Associate), and Anjali Banerjee (Associate).