Wholesale pure sine wave inverter for sale growing market

Elaborating on the venture, executive director, Vivek Subramanian said, "Three of us started the company in 2010 and as all of us come from the financial services industry. It is also confident of grabbing a considerable market share of this huge and wholesale pure sine wave inverter for sale growing market in the renewable energy sector even as newer and already established companies fight it out to grab a slice of this shining space. So we thought about venturing into this energy source.. We have already set up a B2C model in Maharashtra," Vivek adds.Although it is a start-up, the company — started by three financial experts in 2010 — has completed over 400 installations in about 18 states across India and has a client base of over 50 companies, which include ICICI Bank, Axis Bank, Schiender to name a few.The company wants to expand to four more locations in the next 12 months and plans to add 40 more employees to its already 60 plus strength spread across its offices.

India has a lot more sun and more need for power. In terms of revenue per se, the company will be making about Rs 50 crore by this March and by the next financial year, it plans to touch Rs 100 crore revenue with a growth rate of 100 per cent yoy. We saw a lot of opportunity in the power sector.According to Vivek, they plan to raise around $100 million in the next two years for the asset ownership.Even as the current govement pushes for shifting the energy mix in India towards renewable energy and is aiming to install 100 gigawatts of solar power by 2022, there are many companies venturing into this sector as it is not only clean and green but also cost-effective when compared to traditional sources of power. "We had our share troubles."However, the six year jouey was not a cake walk for the founders. So we managed run our show by selling solar lantes, etc. But we also have issues around transmission and distribution of power. Fourth Partner raised $2 million from Infuse Ventures and Chennai Angels, which was used to build the capability of the company.