Solar manufacturer Goldi Solar Pvt. Ltd., based in Surat and founded in 2011 by Capt. Ishver Dholakiya, has secured a ₹137.5 crore investment from entrepreneur and investor Nikhil Kamath, co-founder of Zerodha and True Beacon.
This infusion is set to fuel Goldi Solar’s next growth phase, enabling:
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Expansion of solar module production capacity, which has already surged from 3 GW to 14.7 GW over the past year
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Scaling up large-format solar cell manufacturing in Surat, Gujarat
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Development of high-efficiency solar modules and cells, integrating emerging technologies to serve both domestic and export markets
This investment arrives at a pivotal moment—India targets 280 GW of solar power capacity by 2030, while strategic incentives like PLI and import duties are strengthening the domestic solar manufacturing ecosystem.
At Startup Veda, we champion founders and investors shaping the future of clean energy. Nikhil Kamath’s investment in Goldi Solar is a prime example of high-conviction capital backing India’s transition to globally competitive renewable manufacturing.
👉 Join the conversation:
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What do you see as the next frontier for India’s renewable energy manufacturing?
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How important is strategic backing like this for achieving India’s climate goals?