CleanMax
PublicCleanMax is now publicly traded
The data on this page reflects CleanMax's private-market history up to the point it went public, including its funding rounds, valuation, and investors.
Last Round
Growth Equity
Jun 1, 2023
Total Funding Raised
$653.8M
Company Overview
CleanMax, legally known as Clean Max Enviro Energy Solutions Private Limited, is a leading renewable energy company in Asia, focusing on the Commercial and Industrial (C&I) sector. Founded in 2011 by Kuldeep Jain, the company acts as a sustainability partner for corporations, helping them achieve their net-zero carbon goals. CleanMax provides a range of clean energy solutions, including rooftop solar installations, large-scale solar and wind farms, and wind-solar hybrid projects. It operates on a build-own-operate model, offering power to clients through long-term Power Purchase Agreements (PPAs) at rates often lower than the grid tariff. Headquartered in Mumbai, India, the company has expanded its operations to the Middle East and Southeast Asia, serving over 350 corporate clients. In 2023, Brookfield Renewable acquired a controlling stake in the company, providing significant capital for future growth. The company has filed for an Initial Public Offering (IPO).
Verticals
Solar Energy, Wind Energy, Corporate PPA
AI Layer
Non-AI
Keywords
CleanMax Comparables
Compare CleanMax with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Fourth Partner Energy | 89% | |
| JSW Group | 86% | |
| Inox Clean Energy Limited | 85% |
CleanMax Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Growth Equity | Jun 1, 2023 | ||||
| Growth Equity | Dec 21, 2021 | ||||
| Buyout/LBO | Aug 12, 2021 | ||||
| Growth Equity | Apr 23, 2019 | ||||
| Growth Equity | Nov 30, 2017 | ||||
Growth Equity | Jul 13, 2017 |
Key People
Founding team and executive leadership
Pramod Deore
Global Chief Executive Officer, On-site Renewables Business At Cleanmax Enviro Energy Solutions
CleanMax Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| International Finance Corporation | Growth Equity |
| Brookfield Growth | Growth Equity |
| Bessemer Venture Partners | Angel |
| Warburg Pincus | Growth Equity |
CleanMax Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
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