ValueQuest Injects ₹500 Crore into Jupiter International's Solar Expansion

Jupiter International, a leading solar cell manufacturer and provider of solar energy solutions, has secured a ₹500 crore investment from ValueQuest SCALE Fund and its affiliates. This marks the fund’s second investment in the Kolkata-based company, underscoring continued confidence in Jupiter’s growth in the solar sector.

In July 2024, Jupiter had previously raised ₹300 crore led by the same fund. The latest capital infusion will support the company’s capex plans and accelerate its expansion in solar cell and module manufacturing. Jupiter currently operates a 1 GW facility in Baddi, Himachal Pradesh, and plans to scale up to 5.6 GW in solar cell and 2.4 GW in module capacity.

The combined investments and internal accruals will drive rapid growth and strengthen the domestic solar manufacturing ecosystem. Jupiter aims to become a fully integrated player across the solar value chain—supporting forward integration, reducing import reliance, generating employment, and advancing India’s clean energy goals.

Aum Capital acted as the exclusive financial advisor to Jupiter for this transaction.

News by Rahul Yelligetti.