Nikhil Kamath, co-founder of Zerodha and investor in clean energy, has made a significant ₹137.5 crore investment in Goldi Solar, a solar photovoltaic (PV) module manufacturer based in Surat. This funding is set to support the company’s rapid capacity expansion and reinforce India’s positioning in the global renewable energy market.
Investment to Fuel Production and Technological Growth
Founded in 2011 by Ishverbhai Dholakia, Goldi Solar has already made impressive strides—scaling its module manufacturing capacity from 3 GW to 14.7 GW in just one year. With Kamath’s backing, the company plans to develop solar cell manufacturing capabilities and roll out high-efficiency PV modules using next-gen technologies.
Why This Investment Matters
| Aspect | Significance |
|---|---|
| Production Boost | Kamath’s investment enables rapid scaling of clean energy infrastructure. |
| Tech Leadership | Goldi Solar’s cell manufacturing marks a move toward vertical integration and exports. |
| Policy Alignment | The investment benefits from India’s push for 280 GW solar capacity by 2030, import tariffs, and PLI scheme incentives. |
| Investor Confidence | Reinforces faith in renewable startups and sustainable manufacturing in India. |
Kamath’s Vision: Building Renewable Energy Champions in India
Commenting on the investment, Kamath said:
“Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition.”
This sentiment echoes India’s broader ambitions under its net-zero goals, positioning the nation to become a major renewable manufacturing hub. The Financial Express
Conclusion
Nikhil Kamath’s ₹137.5 crore investment into Goldi Solar underscores the growing momentum in India’s renewable energy sector. By enabling critical expansion and manufacturing capability upgrades, this funding may help transform Goldi Solar into a global-scale clean energy champion—and cement India’s leadership in sustainable innovation.
