Elevation, Lowercarbon invest in energy platform SolarSquare

Mumbai-based energy platform SolarSquare Energy Private Limited has announced that it has secured Rs 1 billion (about $12 million) in Series A funding, led by Elevation Capital and Chris Sacca’s Lowercarbon Capital. The round also saw participation from existing investors including Good Capital and Rainmatter. The startup intends to use the new capital to grow its presence throughout India within 18-24 months.