ZunRoof, a Gurugram-based smart energy solutions startup, announced it has raised $3 million Series A funding from Godrej Investment Office. Earlier also, Godrej had invested $1.2 million in the company in its Pre-Series A funding round that took place in 2019.
As per the Company’s statement, ZunRoof aims to resolve the affordability issue of solar rooftops in Indian homes. It will soon launch its service to improve the affordability of solar rooftops, which will save money and electricity for over 25 years.
Pranesh Chaudhary, Founder and CEO of ZunRoof, said, “This investment will fuel our aim to put solar on the roofs of 1 million homeowners in the next five years and bring a taste of IoT to these customers. The perfect timing of the funding will help us hire and retain the best talent. Our 150+ employee strength already comprises alumni from India’s most premium companies and institutes including IITs and IIMs.”
Pirojsha Godrej, Executive Chairman, Godrej Properties, said, “We are excited to increase our commitment to ZunRoof. The young dynamic team at ZunRoof has in short time carved out a leadership position in the solar rooftop space and has also identified other exciting growth opportunities. We are confident they will continue to build on this success in the years ahead and we are thrilled to be a part of their journey.”
ZunRoof was founded in 2016 by Pranesh Chaudhary and Sushant Sachan. The company specialises in solar rooftop design, installation, and management using technology. It uses computer vision, AI, and VR to streamline the solar rooftop installation and maintenance for homeowners.
ZunRoof had earlier raised funds from Ramakant Sharma, Founder of Livspace; Gaurav Gupta, Asia Director, Dalberg Advisors; Pradeep Tharakan, a senior energy specialist at Asian Development Bank (ADB); Vismay Sharma, MD at L’Oréal (UK & Ireland); Ajith Pai, Paipal Ventures, and Arun Diaz of IntelleGrow, and a group of IIT Kharagpur alumni based in the US.
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