Jupiter International Secures Rs. 500 Cr Investment to Power Solar Expansion
Jupiter International Limited, a leading manufacturer of photovoltaic solar cells and end-to-end solar energy solutions, has announced a significant Rs. 500 crore investment from the ValueQuest SCALE Fund and its affiliates. The funding is aimed at accelerating the company’s manufacturing expansion plans.
Currently operating a 1 GW solar cell production facility in Baddi, Himachal Pradesh, Jupiter is set to scale up its capacity to 5.6 GW for solar cells and 2.4 GW for solar modules. The fresh capital infusion, alongside internal accruals, will support the company’s ongoing capital expenditure program, the company said in a statement.
“With a fully integrated approach, we are poised to enhance technology, expand market share, and meet the growing demand of renewable energy solutions,” said Alok Garodia, Managing Director, Jupiter International Limited.
Ravi Dharamshi, Founder and CIO, ValueQuest said, “Jupiter’s integrated approach makes it a key player in India’s energy transition. This second investment reflects our trust in their ability to scale operations and drive renewable growth.”
Pushkar Jauhari, MD & Head – Private Equity, ValueQuest adds, “With their focus on advanced manufacturing and next-gen technologies, Jupiter will play a vital role in reducing import dependency and delivering sustainable solar solutions.”
Aum Capital acted as the exclusive financial advisor to Jupiter for this transaction, facilitating the investment from ValueQuest SCALE Fund and its affiliates.
