Parishi Capital is making decisive moves in India’s renewable energy space, most notably through its strategic support of Navitas Solar, a fast-emerging player in solar module manufacturing. Backed by two funding rounds totaling $4.7 million, Navitas Solar has surged to a 2.5 GW production capacity, positioning itself among India’s leading solar powerhouses.
Founder & CEO Aaryan Shah remarked, “Parishi Capital saw the spark in Navitas Solar when few others did. Our partnership is a testament to what happens when capital meets conviction in the clean tech revolution.” That conviction is visible in the firm’s roadmap, which includes $10–15 million in new investments over the next two years across solar plants, recycling technologies, and green hydrogen.
Navitas Solar, led by Vineet Mittal, expressed deep appreciation for the strategic alliance: “This collaboration is not just financial—it’s foundational. Parishi Capital empowered us to fast-track our mission of delivering globally competitive solar solutions rooted in Indian innovation.”
India’s clean energy sector continues its meteoric rise, with solar capacity growing from 2.82 GW in 2014 to 107.9 GW in 2025. Record-low tariffs and a surge of 29.52 GW added in FY 2024–25 demonstrate the country’s determination to achieve 500 GW of non-fossil fuel capacity by 2030.
Parishi Capital’s investment portfolio already includes names like Solnce, Apollo Green, BatX Energy, Vikram Solar, and Zero Circle—building a future-forward, diversified sustainability base. With its expanding green finance strategy, the firm aims to catalyze solutions that bolster rural economies and enable India’s net-zero transition with tech-driven climate resilience.
This latest investment solidifies Parishi Capital’s role not only as a financial powerhouse but as a believer in the long-term, scalable impact of clean energy innovation.
