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Sadbhav Futuretech Raises INR 36 Cr in Pre-IPO Round to Boost Solar Expansion

Sadbhav Futuretech, a solar water pumping solutions provider, has secured INR 36 crore in a pre-IPO funding round, with backing from Chanakya Opportunities Fund, Real Ispat Family Office, and FDI partners. The funds will support the company’s expansion, backward integration, and technology upgrades, in preparation for its planned IPO within the next 18–24 months.

According to Bhupender Singh, Co-Founder and Director, the IPO's size and structure will be finalized based on market conditions. The company, which has already installed over 50,000 solar pumps, aligns closely with India’s PM-KUSUM Yojana, particularly Components B and C, focused on standalone pump installations and the solarisation of existing agricultural pumps.

Operating extensively in Maharashtra and Haryana, Sadbhav Futuretech aims to empower farmers by reducing dependence on diesel and grid electricity, lowering costs, and boosting productivity. The company has also entered the rooftop solar segment, achieving 2 MW of installations across residential, institutional, and commercial sectors. Singh emphasized that schemes like PM Surya Ghar Yojana have increased demand for residential rooftop systems, especially in semi-urban and rural areas.

Looking ahead, Sadbhav plans to venture into manufacturing components like module mounting structures and balance of systems, diversify into utility-scale solar parks, and undertake MW-scale projects under CAPEX and EPC models. It also intends to enhance field operations through a field management app, centralised monitoring system, and online training modules, driving scalability and efficiency.

With a robust rural network and technology-driven approach, Sadbhav Futuretech is positioning itself as a key player in India’s solar agricultural revolution and beyond.