Jupiter International Ltd, a solar PV cells manufacturer and comprehensive solar power solutions provider, announced today that it has secured an INR 500 crore investment from ValueQuest SCALE Fund and its affiliates. This marks ValueQuest’s retaining second investment.
The latest funding of INR 500 crore and internal accruals will support Jupiter International’s ongoing capex in capacity expansion. Jupiter International Ltd currently operates a 1 GW solar manufacturing facility in Baddi, Himachal Pradeshm and plans to scale its total capacity to 5.6 GW PV cells and 2.4 GW modules.
“ValueQuest’s second investment reaffirms investor trust and strengthens our position as one of the leading manufacturers in the renewable energy sector. As a long-term partner, their continued confidence underscores our ability to scale efficiently and drive innovation. 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 Ltd.
Aum Capital acted as the exclusive financial advisor to Jupiter for this transaction, facilitating the investment from ValueQuest SCALE Fund and its affiliates.
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