MYSUN gets $2.5 mn fund

Power Watch India - - DESPATCHES FINANCE -

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.

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