Climate & Energy Platform

Transaction Overview

We advised a marquee investor on a growth-stage equity investment in a technology-enabled climate and clean energy infrastructure platform operating across the distributed solar and energy financing ecosystem.

The investment formed part of a Pre-Series B funding round of approximately USD 20–25 million, led by a group of marquee domestic and international institutional investors, including:

• Global climate-focused funds
• Strategic corporates
• Established Indian venture capital firms

About the Company

The company operates India's leading full-stack platform for commercial and industrial solar deployment, combining technology, financing, and execution to simplify access to renewable energy for small and mid-sized enterprises.

Its operating model integrates:

• Technology-led project origination, performance monitoring, and asset oversight
• Structured financing and credit enablement for solar installations
• Vendor, EPC, and quality management across project lifecycles
• Ongoing asset monitoring and lifecycle support for distributed energy assets

With a rapidly expanding national footprint, the platform works closely with financial institutions, EPC partners, and enterprise customers, playing a critical role in accelerating India's energy transition at the distributed level.

Our Role

We acted as legal counsel to the investor, advising across the transaction lifecycle with a focus on protecting investor rights in a complex, multi-investor capital structure involving existing institutional shareholders and legacy arrangements from prior rounds.

Our scope included:

• Review and negotiation of definitive transaction documents, including the shareholders’ agreement and related investment documentation
• Identification and mitigation of governance, control, and downside protection risks, particularly those embedded in historical rounds
• Advising on affirmative voting rights, information rights, transfer restrictions, and exit-related protections
• Stress-testing dilution mechanics, liquidation preferences, and control provisions across multiple funding layers
• Flagging structural and commercial pitfalls arising from legacy investor rights, sector-specific regulatory exposure, and future fundraising scenarios

Key Value Delivered

• Ensured the investor's rights were aligned with global institutional standards while remaining workable within a crowded and evolving cap table
• Identified and addressed hidden structural risks that could adversely impact exit flexibility, control dynamics, or future capital raises
• Helped balance founder operational flexibility with robust investor protections in a highly negotiated, time-sensitive round

Outcome

The transaction was successfully completed with a clear and enforceable governance framework, well-defined investor protections, and alignment across existing and incoming shareholders - enabling continued platform scale while safeguarding long-term investor interests.

This is where we operate beyond law: at the intersection of capital strategy, structural discipline, and institutional investor protection.