Startup City Magazine

MYSUN Receives Initial Funding of $2.5 Million; Brings Hemant Taneja On Board

Bengaluru: The early age solar energy marketplace, MYSUN, receives its initial funding of $2.5 million from General Catalyst Partners. This fresh funding will boost up MYSUN’s technology and infrastructure. Post this investment, Hamenat Taneja, MD at General Catalyst Partners, gets on board with MYSUN. The company plans to utilise Hemant's deep experience and leadership to drive its bold and aggressive mission to solarize 10 million rooftops in India.
 “The potential of off-grid and rooftop solar in India is immense, more so with the falling prices of solar. I am impressed by MYSUN’s unique and innovative approach to drive growth in this sector. With the enthusiastic and experienced team here, I am sure the company will make a huge impact in the solar sector,” says Hemant.

MYSUN was incepted in 2015 by Gagan Vermani and with two of his colleagues Divyanshu Sachdev and Gyan Prakash Tiwari, with the mission to channel this energy to power every roof, every home, every building, every village and every city of country. This platform aims to change the way solar is utilised, bought and sold in India.

Commenting on the developments, Gagan says, "We are pleased to announce our first funding of $2.5 million to back our vision. This will help us scale up faster and invest further into technology and infrastructure. We are also delighted to have Hemant on our board and look forward to gain from his wide experience in scaling up the business”.

This Delhi NCR based company wants to build a suited and an unbiased guided buying environment for consumers by providing competitive pricing, engineering solutions and financing through their platform. It is a first-of-its-kind platform to bring standardization and structure to the non-utility solar energy sector in India.

Current Issue

Featured Startups

Neeraj Dharia,Country Head - India,Roambee

Roambee: Creating a Revolution with the Bee

Neeraj Dharia,Country Head - India,Roambee