As a developing country, India is facing many challenges and 24×7 Electricity araciality is the biggest challenge for the government. With the introduction of new renewable solar energy, it has become easy to “Generate and Own your electricity”. Loom Solar is India’s leading solar panel company founded by the brothers two Amol and Amod Anand. The Start-up is based on manufacturing mono-solar, panels and modules of lithium batteries.
About Loom Solar
India’s No. 1 Solar Company. loom solar is a start-up, manufacturer of solar panels and Lithium batteries based out of Faridabad, Haryana. It is an ISO 9001 – 2015 certified company and recognized startup by Govt. of India.
Highlights
- Founded in: 2018
- Founders: Amol Anand Amod Anand
- Headquarters: Faridabad, Haryana
- Revenue: 30 Crore (2020)
- Website: www.loomsolar.com
How Loom Solar Started?
Having experience as a product manager at Luminous Battery for the company’s solar and energy storage business, Amol realised there was a lack of information about solar energy in the country. On researching, the brother duo found out that three main factors were slowing down the adoption of solar energy in the country. The factors included limited information and awareness, lack of product availability across the country, and poor quality and backward technology. So, to make people aware of solar energy and help them easily adapt to solar solutions Anand and Amod Anand started Loom Solar.
Major Challenges in the Solar Market
Most solar panel manufacturers and companies provide solar energy products. As per knowing consumer interaction, customers are facing multiple challenges here we found two such challenges pricing and installations. In short line, we can say Solar Panel Pricing and Solar Panel Installation is the challenge for consumers.
- Loom solar is the only company in India that makes 2019: Monocrystalline Solar Panels. mono panels are made of A-grade mono perk cells that give higher efficiency even in low light and cloudy weather.
- Loom solar launches first time in India, Solar AC Module 2020: AC Module – Works without Net Metering in the market
- India’s First Super High-Efficiency Solar Module Launched by a startup loom solar 2021: Super High-Efficiency Solar Panel
- 2022: Lithium Battery for Energy Storage. Lithium batteries offer reliable, stable, long-lasting power. Their energy density is higher, which means they have high power capacity.
Business model and revenue :
Loom Solar’s Business Model is a D2C Brand with 50,000+ Homes, and 3500+ Resellers, It sells its products directly to end users via online and offline channels. The business of Loom Solar is operated as a commerce model. . This energy is now affordable compared to any other energy source and it’s green, clean, and sustainable. Loom Solar’s Revenue for 2020 was at Rs. 30 Crores. In 2019, It had a revenue of 19.2 crores, whereas in 2018 Loom Solar’s revenue stood at Rs. 2.4 Crore.
Competition
Tata Power Solar, Havells, Luminous and Waaree are the Top Competitors of Loom Solar.
Awards & Recognition
Loom Solar has been receiving multiple awards, from the top Indian start-up. Like Golden Bridge Award, Amazon Sambhav, Energy Business of the year, Tie- Lumis award, e4m D2C award etc.
Conclusion
Loom Solar, being one of the most successful start-ups in India, aims to become the most trusted & talked about brand in this industry by the financial year 2025.