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CleanMax

Energy · Mumbai, India · Founded 2011 · IPO 2021

CleanMax is a leading renewable energy company based in India, focusing on providing customized solar and wind energy solutions for corporate clients. The company operates in the renewable energy market, primarily serving commercial and industrial sectors. CleanMax offers a range of services including rooftop solar installations, ground-mounted solar systems, solar carports, and wind-solar hybrid solutions. The business model revolves around both OPEX (Operational Expenditure) and RESCO (Renewable Energy Service Company) models, allowing clients to either purchase energy directly or invest in their own renewable energy infrastructure. CleanMax generates revenue through long-term power purchase agreements (PPAs) with its clients, ensuring a stable income stream. The company has a significant presence in India and has expanded its operations to international markets like Dubai. Notable clients include Adobe and Facebook India, both of which have achieved 100% renewable energy status through partnerships with CleanMax. The company recently secured a Rs 1,650 crore equity investment from Augment Infrastructure, which will help further its growth and expansion plans. Keywords: renewable energy, solar power, wind energy, corporate clients, OPEX model, RESCO model, power purchase agreements, rooftop solar, wind-solar hybrid, international expansion.