New Delhi, Dec. 11 -- Engineering procurement construction (EPC) provider Soleos Solar Energy and direct-to-consumer coffee brand Toffee Coffee Roasters have raised early-stage funding.

Soleos Solar Energy

Ahmedabad-based Soleos Solar Energy has raised $12 million (around Rs 108 crore) in a funding round led by homegrown venture capital firm Gujarat Venture Finance Ltd (GVFL).

The company plans to use the capital to accelerate its shift from a pure-play engineering procurement construction (EPC) provider to a renewable energy solutions company. It will use the capital to expand its development pipeline, fund construction across priority regions, and strengthen governance as it builds out group-captive and consumer-led energy models.

The startup, founded in 2017 by Bhavesh Rathod, runs an integrated development-to-operations platform that brings project sourcing, investor onboarding, capital structuring, EPC execution, and long-term asset management under one system.

Soleos said that the firm has also begun manufacturing in-house battery energy storage systems, enabling it to add solar-plus-storage capability and move closer to becoming a provider of round-the-clock clean energy.

Toffee Coffee Roasters

Toffee Coffee Roasters has raised Rs 5 crore (approximately $550,000) in a Pre-series A round led by Inflection Point Ventures, with participation from 66 Bridge Partners, Abhijit Vemuganti and Invesst.

The brand will channel most of the new capital into working capital, while the rest will support upgrades to its roastery, packaging improvements and new product development.

The Mumbai-born coffee brand claims that it has grown steadily in the at-home speciality segment and has been featured on Shark Tank India. It also counts Oyo founder Ritesh Agarwal as an existing backer.

The company currently produces over five tonnes of coffee a month and sees more than 40,000 units consumed monthly. It aims to build a stronger presence across quick commerce platforms and capture 5% to 8% of the online coffee category.

Published by HT Digital Content Services with permission from VC Circle.