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Transcript of Tracxn Research: Solar Energy Startup Landscape, September 2016
![Page 1: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/1.jpg)
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Solar Energy Report – September 2016
TracxnWorld’s Largest Startup Research Platform
2
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Solar Energy Report – September 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 08
Who is Investing 16
Exit Outlook - IPO, Acquisitions 20
Sub Sector Analysis 23
Interesting Companies 41
Useful Links 45
Company List 47
Team 236
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Solar Energy Report – September 20164
Sector Overview
Scope of report
This report covers companies that manufactures or supplies products across the entire Solar Industry value chain and offers servicesrelated to the generation of solar power. It excludes solar consultancy companies and companies which offer solar services like sitesurvey, energy audit etc. and also excludes organization and labs which are purely research oriented. This report is focused on thosecompanies which are involved right since the beginning of the value chain, who manufacture solar wafers and ingots, right till them whomanufacture solar modules. Post this it covers those companies which provide solar solutions using these panels or thermal solutionsand also them who provide them on lease or any other innovative financing model. We have additionally included those companieswhich manufacture solar based heating, charging and lighting solutions.
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Hardware DeveloperCompanies manufacturing or developing hardware which help in either generating power or other Balance of System components
Independent Power Producer
Companies which own power plants and generate power to be sold to either a Utility or a Commercial, Industrialor Residential customer
Project DevelopersCompanies involved in providing Solar Plant Installation and Operation & Maintenance services, or both. Servicesare provided for Utility scale as well as distributed power plants
Solar-as-a-service Offers solar services like installation, financing and customer acquisition
Solar ProductsCompanies developing various products which use solar energy to provide lighting, heating/cooling or chargingsolutions to the end user
Project Financing Offers financing needed for solar projects
Software SolutionsCompanies developing online/offline applications and software which assists in monitoring, analytic and projectdevelopment purpose
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5
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Solar Energy Report – September 2016
102
82 7688
277
183
19
0
60
120
180
240
300
2010 2011 2012 2013 2014 2015 2016
Nu
mb
er o
f C
om
pan
ies
6
YoY – Number of companies founded
Sunnova ReNew Power Ventures Soleq Nippon Renewable Energy TerraForm Power NexWafe Edisun
KDC Solar Mosaic World Panel CaptureSolar Energy Brite Energy REhnu Evergen
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
7
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Solar Energy Report – September 20168
YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$3.7B
$2.2B
$4.5B
$3.3B
$2.0B
$3.3B
$4.6B
$6.3B
$5.0B
122
96
119
147
126
148
176
218
139
0
50
100
150
200
250
0.0
1.4
2.8
4.2
5.6
7.0
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er of R
ou
nd
sFu
nd
ing
Am
ou
nt
(in
Bill
ion
s)
Funding Amount Number of Rounds
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Solar Energy Report – September 20169
YoY – Number of Rounds by Stage
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Solar Energy Report – September 201610
YoY – Funding by Stage
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Solar Energy Report – September 201611
Average Ticket Size – Early Stage
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Solar Energy Report – September 201612
Top investments in last one year
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Solar Energy Report – September 201613
Top investments in last one year
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Solar Energy Report – September 201614
Funnel view of Sector
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
15
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Solar Energy Report – September 201616
Most Active Investors in Sector
39
29
23
1917
16 1614 14
13
0
9
18
27
36
45
DOE NEA DFJ KPCB NGEN Partners IFC RockPortCapital
AppliedMaterials
KhoslaVentures
DBLPartners
Tota
l Nu
mb
er o
f R
ou
nd
s
SunPower Suniva SolarCity MiaSolé SolFocus Canadian Solar Solyndra SunEdison Stion SolarCity
Solyndra SolFocusBrightSource
EnergyBeamReach Solar Solaria
NSL Renewable Power
Enphase Energy Enphase Energy Infinia BrightSource Energy
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Solar Energy Report – September 201617
Where are Top Investors investing
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Solar Energy Report – September 201618
Top Investor by Stage of Entry
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
19
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Solar Energy Report – September 201620
Top IPOs in last three years
IPO Date Company OverviewFunding Amount
Aug-2015 sunrun.comSunrun
(San Francisco, 2007)
Solar services for residentsAccel Partners, Sequoia Capital, Foundation Capital, Millennium Technology Value Partners, U.S. Bank, Investec, Idinvest Partners, Pacific Gas and Electric
$296.98M
Jul-2015 nanoflexpower.comNanoFlex Power
(Scottsdale, 1994)Develops solar organic solar PV
$3.42M
Mar-2015 solaredge.comSolarEdge
(Hod HaSharon, 2006)
Solar Photovoltaic Power ElectronicsLightspeed Venture Partners, Vertex Ventures Israel, Opus Capital, Norwest Venture Partners, Genesis Partners, GE, Walden International, Orr Partners, Jerusalem Global Ventures, GE Energy Financial Services, Vertex Ventures
$96.8M
Nov-2014 skysolarholdings.comSky Solar Holdings(Hong Kong, 2009)
Independent Power ProducerSino-Century China Private Equity Partners, LLC
Jul-2014 terraform.comTerraForm Power(Beltsville, 2014)
Owns and operates clean energy assets$415M
Oct-2013 abengoa.comAbengoa
(Seville, 1941)Horizontally integrated company in energy and water and waste management segment.
Sep-2013 patternenergy.comPattern Energy Group(San Francisco, 2013)
Pattern is an independent power company listed on the NASDAQ (PEGI) and TSX (PEG) that owns & operates wind & solar power projects around the world.
Dec-2012 solarcity.comSolarCity
(San Mateo, 2006)
Solar Panel Installation and FinancingGoogle, Capital One, Bank of America, Deutsche Bank, Mayfield, Credit Suisse, Draper Fisher Jurvetson, Citigroup, Silicon Valley Bank, DFJ Growth, Silver Lake, Generation Investment Management, KeyBank, TrueBridge Capital Partners
$1.26B
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Solar Energy Report – September 201621
Major Acquisitions in last one year
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
22
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Solar Energy Report – September 201623
September 2016Tracxn BlueBox: Solar Energy1450+ companies in the sector, 393 funded in last 5 years, $11.2B invested in 2015/2016 (YTD)
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Solar Energy Report – September 201624
Top Business Models by Funding
$12.7B
$5.5B
$3.7B
$1.5B
$445M $124M $92M0.0
2.8
5.6
8.4
11.2
14.0
Hardware Developer Independent PowerProducer
Solar-as-a-service Project Developers Solar Products Project Financing Software Solutions
Tota
l Fu
nd
ing
Am
ou
nt
(in
Bill
ion
s)
# Cos. 456 186 126 355 178 30 76
Avg. Age 2004.5 2008 2011.7 2010 2010 2012.7 2011
SunPower ReNew Power Ventures SolarCity Solairedirect Konarka Technologies Clean Power Finance Fat Spaniel King Solarman
Solyndra NRG Energy Sunnova Brite Energy FTL Solar SolarBao Powerhive That's Solar
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Solar Energy Report – September 201625
Hardware Developer – Business Model Description
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Solar Energy Report – September 201626
Hardware Developer – Entrepreneur Activity and Investment Trend
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Solar Energy Report – September 201627
Hardware Developer – Most Funded Companies
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Solar Energy Report – September 201628
Independent Power Producer – Business Model Description
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Solar Energy Report – September 201629
Independent Power Producer – Entrepreneur Activity and Investment Trend
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Solar Energy Report – September 201630
Independent Power Producer – Most Funded Companies
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Solar Energy Report – September 201631
Solar-as-a-service – Business Model Description
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Solar Energy Report – September 201632
Solar-as-a-service – Entrepreneur Activity and Investment Trend
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Solar Energy Report – September 201633
Solar-as-a-service – Most Funded Companies
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Solar Energy Report – September 201634
Project Developers – Business Model Description
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Solar Energy Report – September 201635
Project Developers – Entrepreneur Activity and Investment Trend
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Solar Energy Report – September 201636
Project Developers – Most Funded Companies
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Solar Energy Report – September 201637
Solar Products – Business Model Description
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Solar Energy Report – September 201638
Solar Products – Entrepreneur Activity and Investment Trend
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Solar Energy Report – September 201639
Solar Products – Most Funded Companies
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
40
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Solar Energy Report – September 201641
Interesting Early Stage Companies
Company Overview Business ModelTotal
Funding
zoltenergy.coZolt Energy
(2014, Secunderabad)
Evaluates the site and installs solar panels Project Developers > EPC > Distributed
Powerhive(2011, Berkeley)
Asset Intelligence for microgrids
Caterpillar, Prelude Ventures, Tao Capital Partners, piinvest.com
Software Solutions > Energy Management > Integrated
$20M
Bigbelly Solar(2003, Newton)
Smart waste monitoringSolar Products > Others $4.3M
Evergen(2016, Sydney)
Solar based home energy management system
AMP Capital, CSIRO
Software Solutions > Energy Management > Monitoring
$3.7M
Fenix International(2009, San Francisco)
Makes plug-and-play smart batteries
GSMA, Team AlphaMundi, ENGIE, GVEP International, Juvo Capital, Orange Fab, Orange, Schneider Electric, Inc.
Hardware Developer > Balance of Systems > Power Electronics
$12.6M
Curated list of companies by the sector analyst are defined as Interesting
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Solar Energy Report – September 201642
Interesting Late Stage Companies
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Solar Energy Report – September 201643
Top Funded Deadpooled Companies
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
44
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Solar Energy Report – September 201645
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO Link
Major Acquisitions in last one year Exit Outlook - Acquisitions Link
Hardware Developer – Most Funded Companies Sub Sector Understand Link
Independent Power Producer – Most Funded companies Sub Sector Understand Link
Project Developers – Most Funded Companies Sub Sector Understand Link
Solar-as-a-service – Most Funded Companies Sub Sector Understand Link
Solar Products – Most Funded companies Sub Sector Understand Link
Project Financing – Most Funded companies Sub Sector Understand Link
Software Solutions – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
46
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Solar Energy Report – September 201647
Solar Energy – Company List
Hardware Developer
Independent Power Producer
Project Developers
Project Financing
RetailSoftware Solutions
Solar Products
Solar-as-a-service
694 FUNDED COMPANIES AND 753 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS
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Solar Energy Report – September 201648
Hardware Developer (1/59)Company Overview Business Model Total Funding
GT Advanced Technologies(1994, Merrimack)
Manufactures equipment for solar, LED, and consumer electronics.Angeleno Group, MerchantBanc Growth Partners
Balance of Systems > Other Equipments
$83.6M
NEXTracker(2013, Fremont)
Manufacturer PV trackersSigma Partners, Double Bottom Line Investors, SJF Ventures, Overture Advisors, Tennenbaum Capital Partners, Presidio Partners, DBL Partners
Balance of Systems > Other Equipments
$42.62M
Mainstream Energy(2005, San Luis Obispo)
Solar Investment GroupREC Solar
Balance of Systems > Other Equipments
$40M
GT Solar(1994, Merrimack)
Solar Panel ProductionOaktree Capital
Balance of Systems > Other Equipments
$40M
Exosun(2007, Martillac)
Manufactures solar trackersOmnes Capital, Grand Sud Ouest Capital
Balance of Systems > Other Equipments
$13M
Confluence Solar(2006, Hazelwood)
Offers single crystal subtrates for solarConvexa, Scatec, Oceanshore Ventures
Balance of Systems > Other Equipments
$12.7M
Sunlink(2004, San Rafael)
Offers solar mounting systemSilicon Valley Bank, Angeleno Group, Clean Pacific Ventures, Summit Capital, Columbia Pacific Advisors, Streamlined Ventures, Murano Group
Balance of Systems > Other Equipments
$12.47M
Zep Solar(2009, San Rafael)
Offers integrated PV mounting systemsCostella Kirsch, Aquillian Investments, Ecosystem Integrity
Balance of Systems > Other Equipments
$10.6M
Go to BM List >>Independent Power
Producer
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Solar Energy Report – September 201649
Hardware Developer (2/59)Company Overview Business Model Total Funding
BT Imaging(2007, Surry Hills)
Inspection Tools for PV manufacturingApplied Materials, Allen and Buckeridge, Uniseed, Partners for Growth
Balance of Systems > Other Equipments
$6.66M
Pegasus Solar(2012, Richardson)
Rail-less solar mounting structuresOkapi Venture Capital
Balance of Systems > Other Equipments
$2.66M
Eternal Sun(2011, Delft)
Solar module testing equipment supplierVermec
Balance of Systems > Other Equipments
$2.49M
PlasmaSi(2009, Fremont)
Solar equipment manufacturingBalance of Systems > Other Equipments
$1.6M
Midisolaire(2008, Beauzelle)
Makes PV installation equipmentsXAnge
Balance of Systems > Other Equipments
$1.5M
PanelClaw(2007, North Andover)
Makes mounting systems for flat roof and ground mount applications.Balance of Systems > Other Equipments
$1.33M
PV Evolution Labs(2009, Berkeley)
Solar panel testing platformAbundance Partners
Balance of Systems > Other Equipments
$1.2M
Ecolibrium Solar(2010, Athens)
Makes solar mounting structuresQueen City Angels, East Central Ohio Tech Angel Funds, Rev1 Ventures
Balance of Systems > Other Equipments
$1M
Go to BM List >>Independent Power
Producer
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Solar Energy Report – September 201650
Hardware Developer (3/59)Company Overview Business Model Total Funding
Nines Photovoltaic(2010, Dublin)
Equipment manufacturer for PV industry.Enterprise Ireland, Kernel Capital, Kernel Capital
Balance of Systems > Other Equipments
$373k
Hadrian(2010, Northumberland)
Solar PV trackers and wind turbinesNorthstar Ventures
Balance of Systems > Other Equipments
$145k
TGI Solar Group(2006, Freehold Borough)
Equipment for manufacturing solar thin filmsPrimesolar
Balance of Systems > Other Equipments
Kipp & Zonen(1830, Delft)
Solar radiation monitoring systemBalance of Systems > Other Equipments
Clenergy(2007, Clayton North)
Manufacturer of solar mounting structureFUHO Capital Management
Balance of Systems > Other Equipments
Sulas Industries(2011, Silverthorne)
Develops sun trackers which are powered by the sunBalance of Systems > Other Equipments
Tera Semicon(2002, Suwon-si)
Offers manufacturing equipment for solar cells and semiconductorKTB Ventures, Samsung Venture Investment
Balance of Systems > Other Equipments
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Solar Energy Report – September 201651
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Solar Energy Report – September 201652
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Solar Energy Report – September 201653
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Solar Energy Report – September 201654
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Solar Energy Report – September 201655
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Solar Energy Report – September 201656
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Solar Energy Report – September 201657
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Solar Energy Report – September 201658
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Solar Energy Report – September 201659
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Solar Energy Report – September 201660
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Solar Energy Report – September 201661
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Solar Energy Report – September 201662
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Solar Energy Report – September 201663
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Solar Energy Report – September 201664
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Solar Energy Report – September 201665
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Solar Energy Report – September 201666
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Solar Energy Report – September 201667
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Solar Energy Report – September 201668
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Solar Energy Report – September 201669
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Solar Energy Report – September 201670
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Solar Energy Report – September 201671
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Solar Energy Report – September 201672
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Solar Energy Report – September 201673
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Solar Energy Report – September 201674
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Solar Energy Report – September 201675
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Solar Energy Report – September 201676
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Solar Energy Report – September 201677
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Solar Energy Report – September 201678
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Solar Energy Report – September 201679
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Solar Energy Report – September 201680
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Solar Energy Report – September 201681
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Solar Energy Report – September 201682
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Solar Energy Report – September 201683
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Solar Energy Report – September 201684
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Solar Energy Report – September 201685
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Solar Energy Report – September 201686
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Solar Energy Report – September 201687
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Solar Energy Report – September 201688
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Solar Energy Report – September 201689
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Solar Energy Report – September 201690
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Solar Energy Report – September 201691
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Solar Energy Report – September 201692
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Solar Energy Report – September 201693
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Solar Energy Report – September 201694
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Solar Energy Report – September 201695
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Solar Energy Report – September 201696
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Solar Energy Report – September 201697
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Solar Energy Report – September 201698
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Solar Energy Report – September 201699
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Solar Energy Report – September 2016100
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Solar Energy Report – September 2016101
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Solar Energy Report – September 2016102
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Solar Energy Report – September 2016103
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Solar Energy Report – September 2016104
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Solar Energy Report – September 2016105
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Solar Energy Report – September 2016106
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Solar Energy Report – September 2016107
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Solar Energy Report – September 2016108
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Solar Energy Report – September 2016109
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Solar Energy Report – September 2016110
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Solar Energy Report – September 2016111
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Solar Energy Report – September 2016112
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Solar Energy Report – September 2016113
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Solar Energy Report – September 2016114
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Solar Energy Report – September 2016115
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Solar Energy Report – September 2016116
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Solar Energy Report – September 2016117
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Solar Energy Report – September 2016118
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Solar Energy Report – September 2016119
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Solar Energy Report – September 2016120
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Solar Energy Report – September 2016121
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Solar Energy Report – September 2016122
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Solar Energy Report – September 2016123
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Solar Energy Report – September 2016124
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Solar Energy Report – September 2016125
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Solar Energy Report – September 2016126
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Solar Energy Report – September 2016127
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Hardware
Developer << Go to BM List >> Project Developers
![Page 128: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/128.jpg)
Solar Energy Report – September 2016128
Independent Power Producer (22/24)
Hardware
Developer << Go to BM List >> Project Developers
![Page 129: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/129.jpg)
Solar Energy Report – September 2016129
Independent Power Producer (23/24)
Hardware
Developer << Go to BM List >> Project Developers
![Page 130: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/130.jpg)
Solar Energy Report – September 2016130
Independent Power Producer (24/24)
Hardware
Developer << Go to BM List >> Project Developers
![Page 131: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/131.jpg)
Solar Energy Report – September 2016131
Project Developers (1/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 132: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/132.jpg)
Solar Energy Report – September 2016132
Project Developers (2/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 133: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/133.jpg)
Solar Energy Report – September 2016133
Project Developers (3/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 134: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/134.jpg)
Solar Energy Report – September 2016134
Project Developers (4/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 135: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/135.jpg)
Solar Energy Report – September 2016135
Project Developers (5/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 136: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/136.jpg)
Solar Energy Report – September 2016136
Project Developers (6/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 137: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/137.jpg)
Solar Energy Report – September 2016137
Project Developers (7/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 138: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/138.jpg)
Solar Energy Report – September 2016138
Project Developers (8/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 139: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/139.jpg)
Solar Energy Report – September 2016139
Project Developers (9/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 140: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/140.jpg)
Solar Energy Report – September 2016140
Project Developers (10/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 141: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/141.jpg)
Solar Energy Report – September 2016141
Project Developers (11/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 142: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/142.jpg)
Solar Energy Report – September 2016142
Project Developers (12/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 143: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/143.jpg)
Solar Energy Report – September 2016143
Project Developers (13/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 144: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/144.jpg)
Solar Energy Report – September 2016144
Project Developers (14/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 145: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/145.jpg)
Solar Energy Report – September 2016145
Project Developers (15/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 146: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/146.jpg)
Solar Energy Report – September 2016146
Project Developers (16/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 147: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/147.jpg)
Solar Energy Report – September 2016147
Project Developers (17/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 148: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/148.jpg)
Solar Energy Report – September 2016148
Project Developers (18/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 149: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/149.jpg)
Solar Energy Report – September 2016149
Project Developers (19/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 150: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/150.jpg)
Solar Energy Report – September 2016150
Project Developers (20/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 151: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/151.jpg)
Solar Energy Report – September 2016151
Project Developers (21/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 152: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/152.jpg)
Solar Energy Report – September 2016152
Project Developers (22/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 153: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/153.jpg)
Solar Energy Report – September 2016153
Project Developers (23/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 154: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/154.jpg)
Solar Energy Report – September 2016154
Project Developers (24/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 155: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/155.jpg)
Solar Energy Report – September 2016155
Project Developers (25/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 156: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/156.jpg)
Solar Energy Report – September 2016156
Project Developers (26/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 157: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/157.jpg)
Solar Energy Report – September 2016157
Project Developers (27/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 158: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/158.jpg)
Solar Energy Report – September 2016158
Project Developers (28/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 159: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/159.jpg)
Solar Energy Report – September 2016159
Project Developers (29/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 160: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/160.jpg)
Solar Energy Report – September 2016160
Project Developers (30/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 161: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/161.jpg)
Solar Energy Report – September 2016161
Project Developers (31/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 162: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/162.jpg)
Solar Energy Report – September 2016162
Project Developers (32/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 163: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/163.jpg)
Solar Energy Report – September 2016163
Project Developers (33/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 164: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/164.jpg)
Solar Energy Report – September 2016164
Project Developers (34/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 165: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/165.jpg)
Solar Energy Report – September 2016165
Project Developers (35/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 166: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/166.jpg)
Solar Energy Report – September 2016166
Project Developers (36/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 167: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/167.jpg)
Solar Energy Report – September 2016167
Project Developers (37/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 168: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/168.jpg)
Solar Energy Report – September 2016168
Project Developers (38/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 169: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/169.jpg)
Solar Energy Report – September 2016169
Project Developers (39/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 170: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/170.jpg)
Solar Energy Report – September 2016170
Project Developers (40/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 171: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/171.jpg)
Solar Energy Report – September 2016171
Project Developers (41/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 172: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/172.jpg)
Solar Energy Report – September 2016172
Project Developers (42/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 173: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/173.jpg)
Solar Energy Report – September 2016173
Project Developers (43/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 174: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/174.jpg)
Solar Energy Report – September 2016174
Project Developers (44/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 175: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/175.jpg)
Solar Energy Report – September 2016175
Project Developers (45/45)
Independent
Power Producer << Go to BM List >> Project Financing
![Page 176: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/176.jpg)
Solar Energy Report – September 2016176
Project Financing (1/4)
Project
Developers << Go to BM List >> Retail
![Page 177: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/177.jpg)
Solar Energy Report – September 2016177
Project Financing (2/4)
Project
Developers << Go to BM List >> Retail
![Page 178: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/178.jpg)
Solar Energy Report – September 2016178
Project Financing (3/4)
Project
Developers << Go to BM List >> Retail
![Page 179: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/179.jpg)
Solar Energy Report – September 2016179
Project Financing (4/4)
Project
Developers << Go to BM List >> Retail
![Page 180: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/180.jpg)
Solar Energy Report – September 2016180
Retail (1/5)
Project
Financing << Go to BM List >> Software Solutions
![Page 181: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/181.jpg)
Solar Energy Report – September 2016181
Retail (2/5)
Project
Financing << Go to BM List >> Software Solutions
![Page 182: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/182.jpg)
Solar Energy Report – September 2016182
Retail (3/5)
Project
Financing << Go to BM List >> Software Solutions
![Page 183: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/183.jpg)
Solar Energy Report – September 2016183
Retail (4/5)
Project
Financing << Go to BM List >> Software Solutions
![Page 184: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/184.jpg)
Solar Energy Report – September 2016184
Retail (5/5)
Project
Financing << Go to BM List >> Software Solutions
![Page 185: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/185.jpg)
Solar Energy Report – September 2016185
Software Solutions (1/10)
Retail << Go to BM List >> Solar Products
![Page 186: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/186.jpg)
Solar Energy Report – September 2016186
Software Solutions (2/10)
Retail << Go to BM List >> Solar Products
![Page 187: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/187.jpg)
Solar Energy Report – September 2016187
Software Solutions (3/10)
Retail << Go to BM List >> Solar Products
![Page 188: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/188.jpg)
Solar Energy Report – September 2016188
Software Solutions (4/10)
Retail << Go to BM List >> Solar Products
![Page 189: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/189.jpg)
Solar Energy Report – September 2016189
Software Solutions (5/10)
Retail << Go to BM List >> Solar Products
![Page 190: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/190.jpg)
Solar Energy Report – September 2016190
Software Solutions (6/10)
Retail << Go to BM List >> Solar Products
![Page 191: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/191.jpg)
Solar Energy Report – September 2016191
Software Solutions (7/10)
Retail << Go to BM List >> Solar Products
![Page 192: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/192.jpg)
Solar Energy Report – September 2016192
Software Solutions (8/10)
Retail << Go to BM List >> Solar Products
![Page 193: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/193.jpg)
Solar Energy Report – September 2016193
Software Solutions (9/10)
Retail << Go to BM List >> Solar Products
![Page 194: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/194.jpg)
Solar Energy Report – September 2016194
Software Solutions (10/10)
Retail << Go to BM List >> Solar Products
![Page 195: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/195.jpg)
Solar Energy Report – September 2016195
Solar Products (1/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 196: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/196.jpg)
Solar Energy Report – September 2016196
Solar Products (2/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 197: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/197.jpg)
Solar Energy Report – September 2016197
Solar Products (3/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 198: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/198.jpg)
Solar Energy Report – September 2016198
Solar Products (4/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 199: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/199.jpg)
Solar Energy Report – September 2016199
Solar Products (5/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 200: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/200.jpg)
Solar Energy Report – September 2016200
Solar Products (6/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 201: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/201.jpg)
Solar Energy Report – September 2016201
Solar Products (7/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 202: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/202.jpg)
Solar Energy Report – September 2016202
Solar Products (8/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 203: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/203.jpg)
Solar Energy Report – September 2016203
Solar Products (9/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016204
Solar Products (10/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016205
Solar Products (11/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016206
Solar Products (12/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016207
Solar Products (13/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016208
Solar Products (14/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016209
Solar Products (15/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016210
Solar Products (16/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016211
Solar Products (17/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016212
Solar Products (18/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016213
Solar Products (19/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016214
Solar Products (20/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
![Page 215: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/215.jpg)
Solar Energy Report – September 2016215
Solar Products (21/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016216
Solar Products (22/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016217
Solar Products (23/23)
Software
Solutions << Go to BM List >> Solar-as-a-service
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Solar Energy Report – September 2016218
Solar-as-a-service (1/17)
Solar Products << Go to BM List
![Page 219: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/219.jpg)
Solar Energy Report – September 2016219
Solar-as-a-service (2/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016220
Solar-as-a-service (3/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016221
Solar-as-a-service (4/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016222
Solar-as-a-service (5/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016223
Solar-as-a-service (6/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016224
Solar-as-a-service (7/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016225
Solar-as-a-service (8/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016226
Solar-as-a-service (9/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016227
Solar-as-a-service (10/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016228
Solar-as-a-service (11/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016229
Solar-as-a-service (12/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016230
Solar-as-a-service (13/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016231
Solar-as-a-service (14/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016232
Solar-as-a-service (15/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016233
Solar-as-a-service (16/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016234
Solar-as-a-service (17/17)
Solar Products << Go to BM List
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Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
235
![Page 236: Tracxn Research: Solar Energy Startup Landscape, September 2016](https://reader035.fdocuments.in/reader035/viewer/2022062316/5871a3781a28ab044e8b775d/html5/thumbnails/236.jpg)
Solar Energy Report – September 2016236
Team
236
Pratik Kundu
Senior Analyst, Energy
Abhyudai Gupta
Lead Analyst, Energy