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Kalpa Power - About the company

Kalpa Power is a seed company based in Pune (India), founded in 2017 by Kiran Nitin Muthiyan and Rounak Nitin Muthiyan. It operates as a Provider of solar energy management and battery energy storage solutions. Kalpa Power has raised $1.54M in funding, with a current valuation of ₹*****. The company has 425 active competitors, including 1 funded and 3 that have exited. Its top competitors include companies like Aegeus Technologies, Steag and N C Enterprises.

Company Details

Provider of solar energy management and battery energy storage solutions. The business oversees the entire project lifecycle, including design, engineering, installation, and asset management for commercial and industrial clients. Services include rooftop solar installations, battery energy storage systems, and electrical infrastructure upgrades. The company also provides energy audits, power factor management, and sustainability consulting to assist businesses in reducing electricity costs and transitioning to renewable energy sources. Operations involve remote monitoring of energy assets to ensure performance and efficiency throughout the project lifespan.
Email ID
*****@kalpapower.com
Phone Number
+91 **********
Registered Address
OFFICE NO.605-606,SIXTH FLOOR, AMAR BUSINESS ZONE, Pune, BANER, Maharashtra, India, 411045
Key Metrics
Founded Year
2017
Location
Pune, India
Stage
Seed
Total Funding
$1.54M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Dec 11, 2024
Investors
Ranked
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
209 as on May 31, 2026
Similar Companies
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Kalpa Power's funding and investors

Kalpa Power has raised a total funding of $1.54M over 2 rounds. Its first funding round was on Mar 31, 2024. Its latest funding round was a Angel round on Dec 11, 2024 for $*****. 2 investors participated in its latest round. Kalpa Power has 1 institutional investor and 7 angel investors.

Here is the list of recent funding rounds of Kalpa Power:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Dec 11, 2024
3750528
Angel
4195662
6726545
3865520
1346272
Mar 31, 2024
2849708
Seed
2756039
2571140
6221336
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Kalpa Power's founders and board of directors

Founder? Claim Profile
The founders of Kalpa Power are Kiran Nitin Muthiyan and Rounak Nitin Muthiyan.
Here are the details of Kalpa Power's key team members:

Kalpa Power's Board of Directors

Kalpa Power's board has 4 active members. Kiran Nitin Muthiyan and Rounak Nitin Muthiyan are part of team and Rima Wandhekar and Anand Raheja are independent board members.
Here is the list of Kalpa Power's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
9y 5m
xtdzslz
Team
-
Past
6y 2m
Independent board member
-
Current
9y 5m
m{hedal
Independent board member
-
Current
2y 5m

Kalpa Power's employee count trend

Kalpa Power has 209 employees as of May 26. The total employee count is 33.0% lower than what it was in May 25. Here is Kalpa Power's employee count trend over the years:
Employee count trend for Kalpa Power
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Kalpa Power's Competitors and alternates

Top competitors of Kalpa Power include Aegeus Technologies, Steag and N C Enterprises. Here is the list of Top 10 competitors of Kalpa Power, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Aegeus Technologies
Aegeus Technologies
2017, Bengaluru (India), Public
Developer of robotic technologies for water-less solar panel cleaning systems
$945K
61/100
2nd
Logo for Steag
Steag
2001, Noida (India), Acquired
Provider of engineering operations and maintenance services for power plants
-
-
49/100
3rd
Logo for N C Enterprises
N C Enterprises
2014, Margao (India), Unfunded
Solar panel installation and O&M service providing company
-
-
44/100
4th
Logo for Renfra Energy
Renfra Energy
2017, Chennai (India), Unfunded
Provider of solar energy operation and maintenance services
-
-
43/100
5th
Logo for Aadhav Green Power
Aadhav Green Power
2012, Chennai (India), Unfunded
Provider of turnkey contracts for rooftop and ground mounted solar plants
-
-
41/100
6th
Logo for NTPC GE Power Services
NTPC GE Power Services
1999, Noida (India), Unfunded
Provider of high-efficiency O&M, R&M upgrades, and BESS projects for thermal and renewable power infrastructure
-
-
41/100
7th
Logo for Inspire Clean Energy
Inspire Clean Energy
2015, Mumbai (India), Unfunded
Solar PV asset management and O&M service provider
-
-
38/100
8th
Logo for Kalpa Power
Kalpa Power
2017, Pune (India), Seed
Provider of solar energy management and battery energy storage solutions
$1.54M
-
38/100
9th
Logo for Volga Solar Solutions
Volga Solar Solutions
2018, Hyderabad (India), Unfunded
Operator of solar asset management and O&M services
-
-
36/100
10th
Logo for Renesys
Renesys
2017, Ahmedabad (India), Unfunded
Provider of solar operation & maintenance service
-
-
36/100
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Kalpa Power's Latest cap tables and shareholding

Founders (largest shareholder) own 61.85%, Enterprises own 0.19%, Angels own 2.05% and Other People own 35.91%. The net worth of Kalpa Power's founders is INR 75.4Cr as of Dec 11, 2024.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
61.85%
75.4Cr
9892686
4517915
7568251
5049668
1915092
4742893
1303963
9537587
3082802
8880054
7766213
6309695
7432454
7292121
8278591
3748333
Enterprise
0.19%
23.3L
0
0
0
0
Angel
2.05%
2.5Cr
26
36
11
50
0
0
0
0
0
0
Other People
35.91%
43.8Cr
4672102
2044150
9482130
5919915
Total
100.00%
122Cr
6181114
2237997
5205301
2120787
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Kalpa Power's Shareholding

Kalpa Power's Investments and acquisitions

Kalpa Power has made no investments or acquisitions yet.

Reports related to Kalpa Power

Here is the latest report on Kalpa Power's sector:

News related to Kalpa Power

Media has covered Kalpa Power for a total of 3 events in the last 1 year, 3 of them have been about company updates.
•
Kalpa Power Aims to Scale Up to 5 GW by 2030: InterviewMercom India•Feb 20, 2026•Kalpa Power
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