Jupiter International Secures ₹500 Crore Funding to Expand Solar Manufacturing – EQ
In Short : Jupiter International has secured ₹500 crore from ValueQuest SCALE Fund and affiliates to expand its solar manufacturing. The funding will boost solar cell capacity to 5.6 GW and add a 2.4 GW module line. This marks ValueQuest’s second investment in Jupiter, raising total backing to ₹800 crore and strengthening India’s renewable energy manufacturing push.
In Detail : Jupiter International Ltd, a leading solar technology company, has announced it has received ₹500 crore in funding from ValueQuest SCALE Fund and its affiliates. The investment will support the company’s ambitious plans to scale up its solar cell and module manufacturing capacities, further strengthening its role in India’s renewable energy sector.
Currently operating a 1 GW solar cell manufacturing facility in Baddi, Himachal Pradesh, Jupiter International plans to expand its production capacity to 5.6 GW of solar cells and 2.4 GW of solar modules. The newly raised capital, along with internal accruals, will be used to fund the company’s ongoing capital expenditure program aimed at boosting its infrastructure and technological capabilities.
In a statement, Alok Garodia, Managing Director of Jupiter International, said, “This investment reflects long-term confidence in our vision and strengthens our ability to grow efficiently and deliver innovative, sustainable solar solutions.”
Ravi Dharamshi, Founder and CIO of ValueQuest, added, “Jupiter’s integrated business model makes it a critical player in India’s clean energy transformation. Our follow-on investment signals strong belief in their capacity to scale and lead in the renewable energy space.”
Pushkar Jauhari, Managing Director and Head of Private Equity at ValueQuest, also noted, “With a strong focus on advanced manufacturing and cutting-edge technologies, Jupiter is well-positioned to reduce import dependency and contribute meaningfully to the country’s green energy goals.”
