Navitas Green Solutions Pvt. Ltd. (Navitas Solar), a leading solar module manufacturing company that manufactures solar panels, has raised $5 million at an undisclosed valuation.

A group of HNI investors participated in the funding round with the expert guidance and advice of the RSM-Lemon Consultech team. Parishi Diamond Group promoters (as anchor investor leading the round with more than 50%), Lemon Emerging Ventures LLP, and other HNI investors are among the lead investors. The funds will be used to increase manufacturing capacity by another 1.2 GW per year at the leading module manufacturer.

"We are overjoyed with the completion of our funding round as we embark on the next stage of growth." The investors' trust in us validates the solid foundation we have built for Navitas Solar over the last ten years. The funding will enable us to increase our manufacturing capacity and meet the increasing demand for solar power projects. It also helps us achieve our goal of developing the most efficient and reliable solar modules and becoming a global player," said Vineet Mittal, Director & Co-Founder, Navitas Solar.