Indian billionaire investor Nikhil Kamath, the co-founder of Zerodha and True Beacon, is reported to have invested Rs 1,375 crore in Goldi Solar, a Gujarat-based solar module maker. The move highlights growing interest from India’s tech and finance circles in strengthening the country’s clean energy supply chain.
Goldi Solar, known for its work in solar modules and related energy solutions, is seen as a rising force in India’s sun-powered push. The fresh funds are expected to accelerate the company’s manufacturing capacity, research and development, and regional expansion.
Why this matters for India
- Cleaner energy at scale: The investment aligns with India’s ambitious targets to boost renewable energy capacity and reduce import dependency for solar goods.
- Make in India boost: By backing a Gujarat-based manufacturer, the deal supports regional manufacturing hubs and local jobs.
- Investor confidence: Kamath’s backing signals strong belief from Indian wealth and tech players in the robustness of the solar supply chain.
Kamath’s involvement also reflects a broader trend where tech founders and investment families are diversifying into energy tech and sustainable infrastructure. True Beacon, known for its wealth management and startup exposure, has shown a growing appetite for strategic bets in India’s growth sectors.
What the deal could enable for Goldi Solar
- Capacity expansion: The funds are expected to help increase production lines and efficiency gains in module manufacturing.
- R&D acceleration: Investment in new cell and module technologies could improve performance and durability.
- Export potential: A stronger domestic supplier base may help Goldi Solar tap international markets, especially in regions seeking reliable, cost-effective solar solutions.
Industry experts say this deal could push Gujarat further onto the national map as a solar manufacturing hub, complementing existing clusters and government incentives aimed at scaling domestic production.
Next steps
- Clarity on deal terms: Investors will watch for official confirmations on stake size and governance.
- Integration plans: How Goldi Solar will deploy the funds across manufacturing, talent, and export channels remains key.
- Market momentum: Expect more attention from peers and policy makers as India strengthens its clean-energy supply chain.
In a year of bold energy bets, Kamath’s Rs 1,375 crore investment in Goldi Solar stands out as a milestone for Indian solar manufacturing and a testament to the country’s rising role in global green power.