Zynergy

About Zynergy

Based in Chennai, India, Zynergy Solar Projects and Services Pvt Ltd operates as a comprehensive solar energy solutions provider. The company was founded in 2011 by Rohit Rabindernath and Reena Nath. It functions as a Solar Independent Power Producer (IPP) and provides Engineering, Procurement, and Construction (EPC) services.

The business is structured to be a vertically integrated full-service entity within the solar energy sector. Zynergy's business model encompasses the entire solar value chain, from manufacturing components to developing and managing solar farms. The company intended to establish a significant manufacturing presence, with plans announced for a solar photovoltaics (PV) equipment facility to produce silicon ingots, wafers, cells, and panels. This vertical integration allows the firm to control quality and supply for its projects. Revenue is generated through the development of solar power plants, EPC contracts, and the sale of solar products like panels and lighting systems. The company serves a diverse client base, including residential, commercial, and industrial customers, by offering end-to-end solar energy services. These services range from integrated solar power plants and street lighting systems to inverters and pumps.

Significant milestones for the company include securing a project under the Jawaharlal Nehru National Solar Mission (JNNSM) and successfully commissioning a 1 MW solar plant. The firm has also outlined major investment plans for manufacturing facilities and solar farm development in the Indian states of Tamil Nadu and Andhra Pradesh. Since its inception, Zynergy has raised a total of $11.3 million in funding over three rounds, with its latest Series A round occurring in June 2017. Key investors include Cascade, Kohli Ventures, and Archer Power Systems. However, some sources indicate the company may now be out of business as of early 2023.