Solar Ladder, a supply chain platform for solar installers, announced this week that it had raised Rs 11 crore in seed funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and angel participation from Varun Alagh, Subin Mitra, Aditya Bandi, among others.
Co-founder Abhishek Pillai told pv magazine the funding would be used to market their SaaS product, increase its sales to solar installers pan India and expand the customer support team.
Solar Ladder aims to establish a robust marketplace that enables cheaper procurement, provides short-term embedded credit and insurance products to meet installers’ working capital requirements, and offers long-term financing options for end customers of solar installers.
Solar Ladder’s software tool helps solar installers manage their entire solar business, from sales to project management to operations and maintenance. The procurement layer assists with buying solar modules, inverters, structures, the balance of system, and other necessary materials at the best prices. The financing layer offers working capital for solar installers and rooftop loans for end customers.
Solar Ladder has over 250+ customers, including Mahindra Solarize and Fourth Partner Energy.
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