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Company	Applied Solar Technologies India
Short Description	Developer of solar PV off-grid power solutions for telecom towers
Status	Out of Business
Year Founded	2008
Industry Group	energy & power
Sector	solar
TRL Range	9
Country	India
Nbr Employees	101-250
Revenue Range
Total Equity Capital Raised	$63M
Last Stage Capital Raised	Growth Equity round of $40M 2015
Investors	Bessemer Venture Partners, International Finance Corporation (IFC), Overseas Private Investment Corporation (OPIC), Logical Lending Solutions, Future Fund, Capricorn Investment Group

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Applied Solar Technologies India

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Developer of solar PV off-grid power solutions for telecom towers

Founded in 2008

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Company type Out of Business Public ()

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Industry Group energy & power

Sector solar

TRL Range 9

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters India New Delhi, India

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Updated by Cleantech Group on 09/06/2021

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Kapil Kathpalia

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5 financing events

8 investors

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	Emel Advanced Power Solutions Ltd Emel Advanced Power Solutions Ltd Installed Nigeria's first solar powered filling station for Total Nigeria Plc View source Confirmed by Emel Advanced Power Solutions Ltd	Technology Partner	Delete

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06/08/2015	Future Fund Future Fund , Bessemer Venture Partners Bessemer Venture Partners , Capricorn Investment Group Capricorn Investment Group , International Finance Corporation (IFC) International Finance Corporation (IFC) (4) Post-money valuation of (source)	Growth Equity	$40,000,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Solar PV off-grid Solutions Used to power areas where there is a rural poor population.	Pilot/Early Revenue	Service - Per Unit	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Solar PV off-grid Solutions

Used to power areas where there is a rural poor population.

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Developer of solar PV off-grid power solutions for telecom towers

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