New Delhi [India], January 18 (ANI/PNN): Emerging SolarTech start-up Loom Solar has raised USD 2 Million funding from US-based Social Investment Managers and Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC and others. The funding will support Loom Solar to achieve its goal of powering millions of homes in India in the medium term through sustainable solar energy. Loom Solar has been developing its capacity, continuously innovating, and building new product portfolio, and building a stronger brand and a deep distribution network across India. The start-up, manufacturing Bi-facial solar panels and Lithium battery, is headquartered in Faridabad, Haryana. Besides India,the four years old company exports its products to 10 countries largely in North America and Europe, under the Government of India's 'Make in India' initiative. Over 50,000 homes across India today are powered by Loom Solar, and the start-up is developing
New Delhi [India]/ California [US], November 4 (ANI/PNN): Loom Solar, an emerging SolarTech D2C start-up under Govt. of India's Start Up India initiative and leading player in mono panel category, has been adjudged the winner of cleantech sector in India by 2022 Red Herring top 100 Global. Basis the continual innovations in solar panels & lithium-ion batteries technology, Loom Solar is the only Indian Company in this domain to earn the recognition After much consideration, the Red Herring judging panel has announced its Top 100 Global Winners list, recognizing the leading private companies from North America, Europe, and Asia, celebrating these startups' innovations and technologies across their respective industries. On the occasion, Amod Anand, Co-Founder & Director, Loom Solar, said, "We continue to keep our focus of bringing innovative and technologically advanced renewable products (Solar Panels Lithium-ion batteries) that shall help us get closer to our aim o