IndiaCore logo IndiaCore
India Core AD


Featured Reports & Publications
 Upcoming Titles

Overview of New & Renewable Energy Sectors in India

Energy Efficiency Scenario in India

India Core Reports

IndiaCore Site




Claro Energy raises Pre-Series A investment- By Claro Energy

Claro Energy, India’s leading innovative solar solutions company has announced that it has raised its first round of funding from a group of angel investors in India, Singapore, USA, and Canada.

Claro Energy offers solar powered water pumping solutions to meet the irrigation requirements and rural drinking water needs. Claro Energy was founded by Kartik Wahi and Soumitra Mishra after their MBA at Kellogg School of Management, USA.  Later Gaurav Kumar from Punj Lloyd joined and since then the trio has established Claro Energy as the leading solar energy based water-pumping company in India today.

Solar irrigation holds huge potential in India, where rural regions face severe shortage of power.  There is a high power deficit in several agrarian states and conventionally, farmers have been using diesel generators and mostly dependent on monsoon rains. Claro’s design, centrifugal AC/DC pump, knowledge of middleware, motor operations and engineering of an off-grid solar PV irrigation pump provides farmers an optimal and integrated solution.

Since its inception, the company has expanded its operations from Bihar into UP, Punjab, Jharkhand, Chhattisgarh and Tamil Nadu.  Over the last few months the company has been awarded key projects to install several hundred solar pumpsgiving it a very robust order book. Although a large fraction of its business is with government, Claro is aiming a unique method to sell its solution directly to farmers.  Claro is also a certified MNRE (Ministry of New & Renewable Energy) channel partner and is able to directly disburse subsidies to individuals. 

Speaking on the funding, Soumitra Mishra, Claro Energy said “We are very happy to associate with the angel investors who represent accomplished entrepreneurs, technologists, investors and bankers.  Equity capital will further our strategic initiatives that will set us up on a stable and solid growth trajectory. Reducing diesel consumption and improving crop yields due to affordable, adequate and timely irrigation has the power to reform our country.”

The investment was led by Sheetal Bahl, MD of growx ventures and independent angel investor. Other investors include Abraham Thomas, Co-Founder at Quandl, Arun Singhal, MD at Standard Chartered Bank, and Kashyap Deorah, a successful serial entrepreneur.

Sheetal Bahl, who will be joining Claro’s Board of Directors, said “Solar powered pumps are reliable, long lasting and cost effective and have the potential to solve the irrigation problem for millions of farmers. Claro has a great team and has a well thought out plan to grow its operations, and is likely to become a key player not just in solar energy, but also in the broader area of agriculture in the coming years.”

For more information, please visit

The statements or opinions or product features are those of the company and are not necessarily agreed or authorised or endorsed by

For Fee Based detailed analysis & value added information on the Indian Core Sectors, please contact us at

Upcoming IndiaCore Organised/ Partnered Events

Renewable Energy for Indonesia 2017, November 28- 29, 2017 || Jakarta.INDONESIA


Global Geothermal Energy Summit 2017, November 29 - 30, 2017 || Amsterdam


Electricx 2017, December 3- 5, 2017 || EGYPT

Solar-Tec 2017, December 3- 5, 2017 || EGYPT

Critical Control Rooms, December 4- 6, 2017 || TBC


22nd World Cardiology Conference, December 11- 12, 2017 || Rome. ITALY


EXCON 2017, December 12- 16, 2017 || Bangluru. INDIA


World of Asphalt Show & Conference 2018, March 6- 8, 2018 || HOUSTON. TX


China International Vending Machine & Self-Service Facilities Fair (China VMF 2018), March 4- 6, 2018 || CHINA


Middle East Electricity 2018, March 6- 8, 2018 || UAE

The 18th China International Petroleum & Petrochemical Technology and Equipment Exhibition, March 27- 29, 2018 || China. BEIJING


Asia Warehousing Show 2018, May 2- 4, 2018 || Bangkok. THAILAND


11th World Bioenergy Congress and Expo 2018, July 2– 4, 2018 || Frankfurt. Germany


“25th Euro Congress on Pediatric Heart Disease and Health” 2018, August 13- 14, 2018 || Dublin, Ireland


24th World Cardiology Conference, September 17- 18, 2018 || Hong Kong


“26th Annual Cardiology and Cardiovascular Nursing Congress” (Cardiac Nursing 2018), November 21 - 22, 2018 || Singapore


Asia Cold Chain Show 2018, November 28– 30, 2018 || Bangkok. THAILAND


Road Infrastructure- Safety, Operation & Management, TBA || Mumbai. INDIA

Mining & Mineral Exploration Conclave- ‘Need for Modernisation & Capacity Enhancement in the Indian Mining Industry’, TBA || New Delhi. INDIA

The Madhya Pradesh Agri Summit & Mela, (TBA) || Bhopal. Madhya Pradesh

'Thermal Power India’, TBA || New Delhi. INDIA


Indian Solar Thermal Energy & PV Conference, TBA || New Delhi. INDIA

Energy Efficiency Forum, TBA || New Delhi. INDIA

Smart Energy & Smart Metering India- 'Convergence of IT, Automation, Control & Communication', TBA || New Delhi. INDIA

Pharma CIO Conclave & Awards 2017, August 9, 2017 || Mumbai
Conference Proceedings

Join our Mailing List to receive Information Updates on Events, Happenings, Book Release, Developments in the Core Sector

IndiaCore listing

IndiaCore Banner

Copyright © IndiaCore. All Rights Reserved. Terms of Use & Privacy Policy
Site Designed & Maintained by India Core - The Online Resource for Information on the Indian Infrastructure & Core Sectors