Are you looking for investment, pitch your idea with us!
India’s renewable energy landscape is witnessing a surge in investments, particularly in the solar power sector. In a recent move, Godrej, one of India’s leading conglomerates, has increased its stake in Zunroof, a home-tech startup specializing in solar rooftop solutions, with an infusion of ₹20 crore. This strategic investment highlights Godrej’s growing commitment toward sustainable energy and underscores the rising importance of clean technology in India’s energy future.
The funding comes at a time when the Indian government is pushing aggressively for renewable adoption, with a vision of achieving 500 GW of renewable capacity by 2030. Godrej’s move not only strengthens its foothold in the green energy sector but also empowers Zunroof to accelerate its growth and bring affordable solar power to millions of Indian households.
About Zunroof: Pioneering Rooftop Solar Solutions
Founded in 2016, Zunroof is a Gurugram-based startup that provides smart solar rooftop solutions, energy management systems, and home automation services. The company leverages data, technology, and design to help households and businesses adopt clean energy with ease.
Key offerings from Zunroof include:
- Residential solar rooftop panels with easy installation.
- Energy monitoring solutions through IoT-enabled devices.
- Smart inverters for efficient energy usage.
- Battery storage systems to ensure uninterrupted power supply.
Zunroof has already completed over 30,000 rooftop solar installations across India and has a strong presence in states like Delhi, Haryana, Uttar Pradesh, Karnataka, and Maharashtra. By providing cost-effective and reliable solutions, the startup is enabling more Indians to reduce their dependence on traditional grid power and cut down electricity bills.
Godrej’s Renewable Push
Godrej, a household name in India, has diversified its portfolio across multiple industries including consumer goods, appliances, real estate, and agribusiness. In recent years, the group has made sustainability a core pillar of its strategy.
With the latest ₹20 crore investment in Zunroof, Godrej is strengthening its presence in the clean energy ecosystem. The group has also been:
- Introducing energy-efficient appliances under Godrej Appliances.
- Adopting green building practices in its real estate division.
- Supporting climate-positive goals, aiming to achieve carbon neutrality.
The investment in Zunroof aligns with Godrej’s “Good & Green” initiative, which focuses on sustainability-driven innovation. By backing solar startups, Godrej is not only diversifying its portfolio but also contributing to India’s green energy mission.
Financial and Strategic Significance
Zunroof has been steadily raising funds to fuel its expansion. Prior to this, it secured investments from venture capital firms and angel investors. The fresh ₹20 crore infusion from Godrej is expected to:
- Enhance Zunroof’s technological capabilities – by investing in AI, IoT, and smart grid technologies.
- Scale operations across Tier-2 and Tier-3 cities, where solar adoption is still in its early stages.
- Expand after-sales services, ensuring maintenance and long-term performance of rooftop panels.
- Strengthen its energy storage solutions, addressing India’s power outage concerns.
For Godrej, this investment also ensures long-term value creation in a fast-growing market. India’s rooftop solar industry is projected to grow at a CAGR of over 20% in the next five years, making this a lucrative bet.
The Indian Rooftop Solar Market Opportunity
India is one of the largest energy-consuming nations in the world, and demand is rising rapidly with urbanization and industrial growth. Rooftop solar presents a massive untapped opportunity, especially in the residential sector.
- According to MNRE (Ministry of New and Renewable Energy), India has a rooftop solar potential of over 400 GW, but only a fraction has been harnessed so far.
- Rising electricity tariffs and falling solar panel costs are driving adoption.
- Government schemes like PM Surya Ghar: Muft Bijli Yojana are incentivizing homeowners to install solar panels.
Zunroof, with Godrej’s backing, is positioned perfectly to ride this wave of demand. The startup’s tech-first approach, combined with Godrej’s financial muscle and brand trust, could accelerate rooftop solar adoption across middle-class households.
Competitors in the Solar Tech Space
Zunroof competes with several players in the Indian solar rooftop segment, including:
- Tata Power Solar – one of the largest solar companies in India.
- Loom Solar – a fast-growing solar panel and inverter provider.
- Waaree Energies – focused on large-scale solar panel manufacturing.
- Oorjan – another startup providing rooftop solar solutions.
However, Zunroof differentiates itself through smart home integration, app-based monitoring, and customer-first design solutions. This digital-first model appeals strongly to urban households that value convenience, transparency, and tech-enabled services.
Sustainability and Long-Term Impact
The partnership between Godrej and Zunroof goes beyond financial numbers—it reflects a shared vision for a greener India. By expanding solar adoption, the collaboration contributes to:
- Reducing carbon emissions – each rooftop solar installation helps cut household dependence on coal-based electricity.
- Empowering homeowners – giving families control over energy generation and usage.
- Creating jobs – in installation, maintenance, and solar technology development.
- Advancing India’s climate goals – supporting the country’s target of net-zero emissions by 2070.
Challenges Ahead
While the outlook is positive, challenges remain:
- High upfront costs still deter many households.
- Financing hurdles in Tier-2 and Tier-3 cities.
- Consumer awareness about solar technology is still limited.
- Policy uncertainty in some states affects adoption rates.
To overcome these, Zunroof and Godrej will need to focus on affordable financing models, awareness campaigns, and partnerships with state governments to make rooftop solar more accessible.
