MS Dhoni Backs SolarSquare With Investment and Brand Ambassador Role as Rooftop Solar Startup Closes $53 Million Series C

MS Dhoni has entered India's clean energy startup space. The former Indian cricket captain has invested in residential rooftop solar startup SolarSquare through his family office, Midas Deals, as part of the company's recently announced $53 million Series C funding round. Alongside the investment, SolarSquare has appointed Dhoni as its brand ambassador. The financial terms of his investment have not been disclosed.

"For me, this is much bigger than investing in a company. It's about investing in India's future. Energy security and clean energy are priorities that will define India's next decade, and residential solar has an important role to play. What gave me the confidence to come on board was the founders' commitment to building for the long term," said Dhoni.

The Round

The Series C was led by Lightspeed, with participation from Lowercarbon Capital, NGP Capital, Elevation Capital, and B Capital, among other backers. The company has described the fundraise as the largest venture capital investment in India's solar sector.

What SolarSquare Does

Founded by Shreya Mishra and Nikhil Nahar, SolarSquare provides end-to-end rooftop solar solutions including consultation, installation, financing, monitoring, and after-sales support. The company has installed rooftop solar systems in more than 50,000 homes across 29 cities since its founding in 2015.

What the Capital Will Fund

SolarSquare plans to use the new funding to enter 30 to 40 additional cities, strengthen its technology platform, expand financing options, and improve customer service capabilities.

Co-founder and CEO Shreya Mishra said: "We are honoured to welcome MS Dhoni as an investor and brand ambassador. His belief in SolarSquare aligns with our focus on building long-term customer trust while supporting India's transition toward cleaner energy."

Why It Matters

The expansion comes amid rising electricity costs, supportive government policies including PM Surya Ghar, and increasing consumer interest in energy independence - all of which are accelerating demand for residential rooftop solar across Indian households. Dhoni's involvement brings both significant brand reach and a credible public signal of conviction in the sector at a critical moment for India's clean energy transition.