Loom Solar is a Faridabad, Haryana-based Indian direct-to-consumer solar company that makes and sells solar panels, inverters and batteries.

This Startup Deep Dive explains what Loom Solar does, how it makes money, who backs it, how it compares with rivals and what could go wrong, using publicly available information. It is educational and not investment advice. Last updated: October 2026.

Loom Solar in Brief

• What it is: Loom Solar is an Indian Solar panels and storage (direct-to-consumer) company based in Faridabad.
• Who it serves: businesses, institutions, consumers, learners and public-sector buyers.
• Makes and sells solar panels, inverters, batteries and related products
• Sells through Amazon and Flipkart, its own online store and a dealer and distributor network
• Serves homes, rural areas and tier 2 and 3 cities, plus corporate, commercial and government buyers
• Funding: About USD 2 million.

Loom Solar Quick Facts

Figures marked “reported” come from published reports and may differ between sources; “Not disclosed” means no reliable public figure was found.

What Is Loom Solar?

Loom Solar operates in the Solar panels and storage (direct-to-consumer) space in India. Understanding a company like this starts with three questions: who is the customer, what painful problem is being solved, and why the solution is better than the alternatives. The sections below apply that lens to Loom Solar.

• Makes and sells solar panels, inverters, batteries and related products
• Sells through Amazon and Flipkart, its own online store and a dealer and distributor network
• Serves homes, rural areas and tier 2 and 3 cities, plus corporate, commercial and government buyers
• Manufactures modules at a plant in Sonipat, Haryana

The Origin Story of Loom Solar

Every company starts from a noticed gap and a team willing to commit to closing it. Strong origin stories are specific: a clear problem, a founding team with relevant skills, and an early product that real customers could test. Founder-market fit, meaning the team’s lived experience or technical depth in the domain, tends to predict how fast a young company learns.

• Founders: Amod Anand, Amol Anand.
• Brothers Amod Anand and Amol Anand founded the company in 2018
• Amod previously worked at Homeshop18 and Amol handled operations at Luminous
• It built its business on smaller solar systems for rural areas, kept costs lean and was an early user of e-commerce platforms and content-led marketing

Key Milestones and Challenges

No startup grows in a straight line. Early years usually involve slow adoption, product rewrites, hiring mistakes and funding gaps. In the Solar panels and storage (direct-to-consumer) sector the common turning points are a first paying customer, a regulatory approval, a successful product demonstration or a funding round that lets the team invest ahead of demand. How a team responds to setbacks says more about resilience than any single headline.

• 2018: company founded in Faridabad
• 2018: early reporting described a revenue run of about Rs 25 crore in its first year and recognition as a fast-growing Amazon seller
• January 2023: raised USD 2 million from SIMA Funds
• FY24: operating revenue rose about 2.9 times to Rs 151.5 crore and net profit tripled to Rs 9 crore
• FY25: revenue reported at Rs 399 crore
• FY2025-26: company says it crossed Rs 1,000 crore annual turnover (company claim, no audited filing seen)

Loom Solar Funding and Investors

Funding history shows how much outside confidence a company has attracted and how long it can operate before needing more capital. Figures below are reported and may differ between sources; valuation figures are estimates unless the company has confirmed them.

• January 2023: USD 2 million, led by Social Investment Managers and Advisors (SIMA Funds)

How Does Loom Solar Make Money? (Business Model)

A business model describes who pays, how often and how much it costs to serve them. Strong models show repeat usage, improving margins with scale and acquisition channels that do not depend only on paid spend. Weak models show one-off sales, rising costs and growth that stops when spending stops. For companies selling to businesses, institutions, consumers, learners and public-sector buyers, sales cycles and contract size matter as much as headline growth.

• Direct-to-consumer and channel sales of solar hardware; all FY24 revenue came from product sales
• Early model combined commission and inventory sales with partner solar entrepreneurs; later expanded to about 1,500 resellers
• Outsourced and lean production, with lithium-ion cells reportedly sourced from Panasonic

The Numbers: Loom Solar Financials

Financial figures show whether growth is turning into a self-sustaining business. Small and private companies often disclose little, so any number below is included only if it was found in public reporting.

• FY23: operating revenue about Rs 53 crore
• FY24: operating revenue Rs 151.5 crore (another profile says Rs 152.5 crore); net profit Rs 9 crore; EBITDA margin 9.31 percent; ROCE 37 percent; total expenses about Rs 140 crore
• FY25: revenue about Rs 399 crore, up about 162 percent; profit figure not available

Market Opportunity for Loom Solar

Market size is easy to exaggerate, so a useful approach separates the total market from the portion a company can realistically reach with its current product and distribution. The main forces behind demand in this sector are rising digital adoption, cloud and mobile penetration, growing enterprise technology spending, government digitisation programmes and a deep pool of engineering talent. Each of these widens the opportunity, but capital efficiency and execution decide who captures it.

• Demand for rooftop and small-scale solar is growing in tier 2 and 3 cities and rural India
• E-commerce and dealer channels let it reach buyers without a large sales force

Technology and Product at Loom Solar

Technology is rarely the whole moat, but it drives speed, cost and customer experience. A practical way to assess it is to separate the capability the company controls from the commodity infrastructure it rents. In this sector the important factors are product quality, data and integration depth, security, scalability and the speed of shipping improvements.

• In-house assembly of modules at a Sonipat plant of about 100 MW capacity as reported earlier
• Product range includes solar panels, inverters and lithium batteries

Team and Culture at Loom Solar

Teams are the most important and least measurable asset of a young company. Look at how complementary the founders’ skills are, how deep the second layer of leadership is, and how the company hires and retains specialists. Culture shows up in small repeated behaviours: how quickly bad news travels upward and whether commitments to customers are kept.

• Founders Amod Anand and Amol Anand lead the company
• Employee counts vary by profile, from about 286 to about 549

Loom Solar Competitors: Competitive Landscape

A fair competitive analysis names direct rivals, adjacent players who could move into the space, and the customer’s default alternative. Durable advantages include proprietary data or technology, licences and approvals, brand trust, switching costs and cost leadership.

Risks and Challenges for Loom Solar

• Raw material costs are the largest expense (Rs 123 crore of Rs 140 crore in FY24), exposing margins to price swings
• Dependence on e-commerce and reseller channels
• Competition: low barriers to entry and well-funded rivals can compress pricing and slow growth.
• Funding risk: technology businesses often burn cash before reaching profit and depend on investor appetite.
• Customer concentration: reliance on a few large customers or channels can make revenue volatile.

Risk is not a reason to avoid a company; it is a reason to price it correctly and to monitor the right indicators over time. Regulation in this sector is shaped by data protection rules under the Digital Personal Data Protection Act, sector regulators, consumer protection law and IT rules.

Loom Solar Growth Outlook: What to Watch

• Company claims revenue above Rs 1,000 crore in FY2025-26
• An article speculated about Rs 500 crore by FY27, which the company has already claimed to exceed
• Key indicators: recurring revenue, customer retention, gross margin, customer acquisition cost and runway.
• Funding position: Whether Loom Solar can reach its next milestone before needing new capital.
• Regulation: Changes from data protection rules under the Digital Personal Data Protection Act, sector regulators, consumer protection law and IT rules.

Industry Context: Where Loom Solar Fits

India's technology startup ecosystem is one of the largest in the world, supported by cheap data, a large base of smartphone users, digital public infrastructure and a deep engineering talent pool. Companies now build for education, software, mobility, logistics, agriculture, defence, media and more, selling both to Indian customers and abroad.

Durable technology companies usually combine a clear customer problem with repeatable distribution and disciplined unit economics. Growth funded only by spending tends to fade, while products that customers keep using and paying for build compounding advantages.

For readers new to this field, a useful habit is to separate announcements from evidence. A plan, a partnership or a funding headline describes intent, while a delivered product, a paying customer or an audited financial statement describes results. Comparing the two over time shows how reliably a company turns promises into outcomes.

Bull Case and Bear Case for Loom Solar

An investment thesis is a short, testable statement of why a company could become far more valuable, together with what evidence would prove it wrong. The points below are general to this sector and are not forecasts for Loom Solar.

Bull case

• A large and growing base of digital users and businesses expands the addressable market.
• Recurring revenue and strong retention can compound growth.
• Selling into global markets widens the opportunity beyond India.

Bear case

• Heavy competition can compress pricing and margins.
• Dependence on external funding can force painful cost cuts.
• Regulation or platform changes can disrupt a product quickly.

Lessons Founders and Investors Can Take from Loom Solar

Studying a company in the Solar panels and storage (direct-to-consumer) space offers lessons that go beyond any single firm. The points below are general lessons for the sector and are not claims about Loom Solar.

• Solving a clear, frequent customer problem matters more than adding features.
• Retention and repeat usage are better health signals than sign-ups.
• Disciplined spending extends runway and keeps options open when funding tightens.
• Distribution, not just product quality, decides who wins in crowded markets.
• Building trust through data protection and reliability is part of the product.

How to Evaluate Loom Solar as a Startup

• Customer clarity: Can Loom Solar name its customer and the problem it solves in one sentence?
• Evidence of demand: Look for repeat customers, signed contracts or measurable usage rather than announcements alone.
• Economics: Check whether margins improve as volume grows.
• Execution: Compare announced timelines with what has actually been delivered.
• Funding runway: Estimate how long current capital lasts at the present spending rate.
• Regulatory standing: Confirm required approvals are in place.
• Customer concentration: Check whether a few customers account for most of the revenue.
• Management depth: Look for experienced leaders beyond the founders and a stable core team.

The Takeaway

Loom Solar is part of India’s growing Solar panels and storage (direct-to-consumer) ecosystem. The useful lesson from studying it is the discipline of asking structured questions about customers, economics, advantage and resilience. Companies that answer them well, repeatedly and under pressure are the ones that endure. Readers should treat any single report, ranking or funding headline as one input among many, and should re-check key facts against recent company announcements. Because public information on young companies is often limited, patience in verifying claims is part of good analysis. Public sources can also describe the same company in different ways, so it is worth checking dates, definitions and whether a figure refers to revenue, total income or transaction value, and whether it covers one entity or a wider group, before drawing conclusions. Small differences in rounding, currency conversion or reporting periods can also change how a figure reads. Comparing the same figure across several recent reports helps show whether it is stable or has changed over time. This article is educational and is not investment advice.

• Clear customers and repeat demand matter more than announcements.
• Regulation and capital needs shape how fast a startup in this sector can grow.
• Track a few leading indicators over time rather than one headline metric.

Loom Solar FAQs: Frequently Asked Questions

What is Loom Solar?

Loom Solar is a Faridabad, Haryana-based Indian direct-to-consumer solar company that makes and sells solar panels, inverters and batteries. It is profiled in the Startup Deep Dive series, which explains business model, funding, competitors and risks.

Who founded Loom Solar?

Loom Solar was founded by Amod Anand, Amol Anand, and the company reports a founding year of 2018.

How much funding has Loom Solar raised?

About USD 2 million. Funding figures are reported and may differ between sources, so readers should check the latest company announcements.

How does Loom Solar make money?

Loom Solar earns revenue from its Solar panels and storage (direct-to-consumer) products and services sold to businesses, institutions, consumers, learners and public-sector buyers. The exact revenue mix is described in the business model section and is not fully disclosed publicly.

Who are the competitors of Loom Solar?

Reported rivals include Luminous Power Technologies, Kenbrook Solar, ZunRoof, Oorjan Cleantech. See the competitor comparison above for how they differ.

What are the main risks for Loom Solar?

Main risks include competition: low barriers to entry and well-funded rivals can compress pricing and slow growth, funding and capital needs, competition and regulation by data protection rules under the Digital Personal Data Protection Act, sector regulators, consumer protection law and IT rules. This is educational content, not investment advice.

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Source

Source: Publicly available data, published reports, industry research, and other credible sources.