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RAYZON SOLAR
Rayzon Solar
Renewable Energy · Surat, Gujarat · India · Founded · 2017 · ≈ · 1,113 · employees

Rayzon Solar Company Profile

Private

Founded in 2017, Rayzon Solar operates in renewable energy. The stock is not listed on any public market.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Rayzon Solar at a glance
Last valuation
Raised across rounds
$16.2M
1 round
IPO status
Private
no listing announced
Nearest Canborsa market
CL—
CL-PERP · live
Rayzon Solar
Valuation history

Rayzon Solar valuation history

1 valuation. The latest, $844M post-money, was set by the Series A in Mar 2025.

Latest valuation
$844Mpost-money
Set by the Series A · 25 Mar 2025
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series A · $16.2M raised
Funding history

Rayzon Solar funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series A
Mar 2025
$16.2M
$844M
Harshadkumar Patel, Sachin Tendulkar, Divyang Patel
—
Rayzon Solar · investors

Investors

HHarshadkumar PatelLEADSSachin TendulkarLEADDDivyang PatelLEAD
Will Rayzon Solar IPO?
Founded
2017
Mar 2025
Series A · $844M
IPO
Not announced
No filing has been made.
Rayzon Solar — the private market
Total raised$16.2M
Lead investors
Harshadkumar PatelSachin TendulkarDivyang Patel
IPO statusNot announced
Founded · HQ2017 · Surat, Gujarat · India
Employees≈ 1,113
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Rayzon Solar

Rayzon Solar is a solar panel manufacturer based in India, founded in 2017, producing TOPCon, bifacial, monofacial and all-black solar modules for residential, commercial, industrial and utility-scale projects. The company was the first in India to adopt TOPCon technology, and it has built production capacity to 11.3 GW while selling across India, the United States and Europe.

In the 2023-24 financial year Rayzon Solar reported total revenue of ₹1400 crore, and founder Chirag Nakrani joined the panel of investors on Shark Tank India's fourth season.

The money screen · ranked by accessibility

How to get Rayzon Solar exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Rayzon Solar.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Rayzon Solar availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Rayzon Solar included.

No account needed

Rayzon Solar stock — frequently asked questions

Who are Rayzon Solar's competitors?›

The closest renewable energy peers are on the competitors page.

How can I get exposure to Rayzon Solar?›

The routes section explains what is realistically available for a company at this stage.

Is Rayzon Solar publicly traded?›

No. Rayzon Solar is a private company; its shares do not trade on a public exchange.

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