GREW Solar raises Rs 3 billion from investors
Author: PPD Team Date: September 10, 2025
GREW Solar has raised Rs 3 billion from a group of investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company will direct the capital towards product development, technology upgrades, and business expansion.
GREW Solar operates as the renewable energy subsidiary of the India-based Chiripal Group and manufactures solar photovoltaic (PV) modules. Established in 2022, the company has expanded its production capacity and is pursuing large-scale projects.
By 2025, the company’s operational module manufacturing capacity reached 3 gigawatts (GW). It produces M10 tunnel oxide passivated contact (TOPCon) modules, including glass-to-glass and all-black modules for the residential market.
GREW Solar is working towards vertical integration by adding ingot and wafer production to its cell and module operations.
The company’s main manufacturing site is a 3 GW PV module facility in Dudu, Rajasthan, which is under expansion to 11 GW. In Narmadapuram, Madhya Pradesh, GREW Solar has a planned 3 GW PV cell plant with an expansion to 8 GW targeted for 2026. The company has also announced a 3.2 GW module facility in Kathua, Jammu and Kashmir.