Chanakya Opportunities Fund that is SME-focused put an undisclosed amount in Sadbhav Future Tech’s ₹36 crore pre-IPO financing round. The fund, which has invested about ₹18 crore in renewable energy so far, continues to make efforts to fund green-tech startups with scalable potential.
Sadbhav Future Tech is a rapidly emerging agri-renewable player in India that provides end-to-end solar pump solutions that enable farmers to decrease their reliance on diesel-based irrigation. Founded in 2020, the company has installed more than 50,000 solar pumps in India so far, driving rural solar revolution far ahead.
This investment is a fit with our vision to invest in companies that create innovation, sustainability, and scale,” adds Kresha Gupta, Founder and Director at StepTrade Share Services, the advisory firm for the fund. “Sadbhav Future Tech has been a great performer in the solar energy space, and we are happy to be a part of its growth story.”.
Throughout on-grid and off-grid solar systems, Sadbhav offers rooftop solar installations and solar power plants on a large scale, as well as solar pumps. The organization plays an important role in the facilitation of the PM-KUSUM scheme, which is a flagship government scheme focused on ensuring water and energy security for farmers. The scheme will enhance farmers’ income, curb consumption of fossil fuels, and decrease pollution in the environment.
With a clear roadmap for the future, Sadbhav Future Tech plans to impact the lives of 1 million farmers over the next decade by making renewable energy more accessible and affordable. The company’s focus on innovation, rural empowerment, and environmental sustainability has made it a frontrunner in India’s clean energy transition.
The Chanakya Opportunities Fund’s investment is set to improve the operational strength of Sadbhav, accelerate its product launch, and strengthen its position in India’s renewable energy market.
