MYSUN gets $2.5 mn fund
Recently launched solar marketplace MYSUN has received an initial funding of $ 2.5 million. This is the first round of funding after the company was founded by Gagan Vermani and two of his colleagues Divyanshu Sachdev and Gyan Prakash Tiwari in September 2015 to focus on demand creation, technology, big data, analytics and standardisation in the non-utility and rooftop solar sector in India. This is by far the largest funding received by a company in this new and innovative business segment which is directed towards impacting the rooftop solar industry. Gagan Vermani, Founder and CEO, MYSUN said, “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.”
MYSUN has got immense interest and is seeing increasing momentum among consumers and solar installers since its formal launch just a few weeks back. It’s advanced and trademark solar calculator MYSUN Calculator is already being run by hundreds of consumers every day across India.
MYSUN aims to be a one-stop solar marketplace that helps consumers understand and evaluate their energy demand. It is a first-ofits-kind platform to bring standardisation and structure to the non-utility solar energy sector in India.