Parishi Capital, which is led by Aryan Shah, has shown strong trust in Navitas Solar by investing $4.7 million through two funding rounds.
The first investment was $2.5 million, and the second was $2.2 million. This support helped Navitas Solar grow from a small start-up into a top solar company with the ability to produce 2.5 GW of solar panels.
Parishi Capital is now planning to invest another $10–15 million in the next one or two years in the clean energy sector. These future investments may include solar plants and recycling companies. So far, Parishi Capital has built a diverse and future-ready green portfolio with companies like Navitas, Solnce, Apollo Green, Vikram Solar, BatX Energy, Zero Circle, and others.
Aryan Shah, the Founder and CEO of Parishi Capital, said that the firm believed in Navitas Solar when very few did. He added that backing visionary founders is at the heart of Parishi Capital’s mission, and that Navitas represents everything the firm stands for: scalability and leadership in clean technology.
According to him, this partnership shows what can happen when strong belief is backed by capital in the green energy revolution.
Vineet Mittal, Co-Founder and Director of Navitas Solar, expressed his gratitude to Parishi Capital and Aryan Shah for believing in the company at a critical time. He said that their support helped the company grow fast, and the continued investment shows their trust in Navitas.
He also added that this partnership is not just about money; it played a major role in helping Navitas move faster toward its goal of making top-quality solar products in India, especially when the country is focusing on becoming carbon-free.
The firm aims to support innovations in solar, green hydrogen, and technologies that not only address climate change but also boost rural economies.
Source
https://smestreet.in/infocus/parishi-capital-invests-47-million-in-navitas-solar-9519570
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