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Sadbhav Futuretech Raises INR 36 CR in Pre-IPO Round to Fund Expansion and Backward Integration

Sadbhav Futuretech, a provider of end-to-end solar water pumping solutions, has raised INR 36 crore in a pre-IPO funding round to fuel its expansion, backward integration, and tech upgrades ahead of its planned public offering.

April 11, 2025. By Mrinmoy Dey

Sadbhav Futuretech, a renewable energy company offering end-to-end solar water pumping solutions, has raised INR 36 crore in a pre-IPO funding round. The investors include Chanakya Opportunities Fund, Real Ispat Family Office and also include participation from Foreign Direct Investment (FDI) partners.

“The proceeds will be strategically utilised to strengthen our expansion plan, invest in backward integration, and enhance our technology and field operations in preparation for our upcoming Initial Public Offering (IPO),” said Bhupender Singh, Co-Founder and Director, Sadbhav Futuretech Ltd. to Energetica India.

He further shared that the company plans to launch its IPO within the next 18 to 24 months. “The size and structure of the offering are currently under evaluation and will be finalised based on market conditions and strategic growth requirements,” he said.

The company is empowering farmers by reducing their dependency on diesel and grid electricity, thereby lowering operational costs and improving farm productivity. “We are aligned with the Government of India’s flagship scheme – PM-KUSUM Yojana, particularly under Component B and C, which focuses on installation of standalone solar pumps, solarisation of existing agricultural pumps and promoting decentralised solar energy for agriculture,” shared Singh further adding that the company has a strong presence in Maharashtra and Haryana.

As an empanelled vendor under state renewable energy agencies, Sadbhav has successfully installed more than 50,000 solar pumps. Singh added, “With a vision to solarise Indian agriculture at scale, we continue to innovate in solar technology, field operations, and after-sales service—fully aligned with the objectives of PM-KUSUM to double farmer income and promote sustainable agriculture.”

Last year, the company also forayed into rooftop solar projects and has so far installed a cumulative of 2 MW across residential, institutional, and commercial segments. “The launch of PM Surya Ghar Yojana has significantly boosted awareness and demand for residential rooftop systems. With our strong rural presence, robust field team, and growing channel partner network, we are well-positioned to capitalise on this opportunity by offering end-to-end solutions, especially in semi-urban and rural areas,” asserted Singh.

He further informed that the company plans to enter into manufacturing of key components like module mounting structures and balance of systems to optimise cost and ensure quality, in the next 2-3 years. It also plans to diversify into utility-scale solar parks and MW-level projects under CAPEX and EPC models. “We also plan to launch an in-house field management app, centralised controller monitoring system, and online training modules to improve field efficiency and scalability,” divulged Singh.

Tags:

Chanakya Opportunities Fund

Real Ispat Family Office

PM KUSUM Yojana

Solarising agriculture

Rooftop solar EPC projects

Backward integration