C
CleanMax
Renewable energy in india
About CleanMax
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.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2011
- Headquarters
- Mumbai, India
- Listing
- IPO 2021
- Employees
- 982
- Open positions
- 20
- Dealroom signal
- 94.8/100
- Industry
- Real Estate
- Sub-industry
- Clean Energy
- Sector
- Energy, Solar Energy, Sustainable Development Goals, Urban Tech, Became $1B as Subsidiary, Climate Tech, Green Buildings, Residential Solar, Renewable Energy, Became Thoroughbred as Subsidiary
- Technology
- Hardware
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning CleanMax.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO DEBTDebt | May 2026 | $575M | — | Undisclosed | ↗ |
| IPOOther financing | Mar 2026 | $145M | $1.4B | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $258M | +26.9% | $177M | 68.6% |
| 2025 | $203M | +7.5% | $127M | 62.6% |
| 2024 | $189M | +49.6% | $98M | 51.8% |
| 2023 | $126M | — | $54M | 42.5% |
Growth signals
Latest recorded traffic for CleanMax is 13K monthly website visits, down 18.8% over the last three months. CleanMax's team grew 11.2% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Series B and later13 investors entered at this stage
GReeN Investor Group
SKF
Brookfield Asset Management
HSBC
360 ONE Asset
Societe Generale
Abu Dhabi Investment Authority
Nomura
Moon Capital Management
Susquehanna
Eastspring Investments- SISBI Life Insurance
- CMCitigroup Global Markets
Other known investors1 additional known investor
Augment Infrastructure
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CleanMax on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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