Vijay H M
Founding Partner
The inflection point to step back into the Solar Industry arrived when Vijay was in discussion with a general manager from Aditya Birla Group. The manager had expressed a problem of excessive water evaporation from their raw water ponds and also having a need for solar energy. “Naavi” came out as a response from Enfrien which is their proprietary panel mounting structure that enables installation of floating solar PV power plants on water that solves two major problems in one go. Firstly, it reduces evaporative losses by over 80 percent there by making it a great water conservation initiative and secondly it solves the problem of usage of large tracts of land for solar projects as it is a land neutral solution. Enfrien has optimised the design and materials used in developing Naavi to ensure that they offer the lowest upfront costs with the longest lifespan for the developers as against competitors.
A Journey full of Promises
The journey for Enfrien since inception has been full of obstacles. Despite that, the company has gained a lot of acceptance in the market. “One of our achievements is partnering with Fichtner and Co. KG, Germany, which is one of the largest independent consultants in Germany to conduct the feasibility studies for over 550MW of land neutral systems in India.We were selected as one of the top 20 start ups in Pitch fest 2018, an all India start up competition conducted by
A Journey full of Promises
The journey for Enfrien since inception has been full of obstacles. Despite that, the company has gained a lot of acceptance in the market. “One of our achievements is partnering with Fichtner and Co. KG, Germany, which is one of the largest independent consultants in Germany to conduct the feasibility studies for over 550MW of land neutral systems in India.We were selected as one of the top 20 start ups in Pitch fest 2018, an all India start up competition conducted by
Amrita TBI for selecting the most promising start ups. We have been incubated by Amrita TBI and also recognised by Government of India as an innovative start up under the Start up initiative. We have been awarded a grant under NIDHI Prayaas program to develop prototype of our product”, states Varun.
Varun H M, Founding Partner
Growth & Future Prospects
Enfrien is presently self funded and is in theprocess of fund raising to commercialise the product. Expressing the current status of the company and plans, Vijay concludes, “We have a promising product with a great market potential. The estimated market size for the mounting structures for floating solar alone is over INR 3,00,000 crores. Our product can further be doubled up to be used as modular mounting structures for rooftop solar installations. These factors make Naavi a great investment opportunity for a potential investor. We are in talks with a few large EPC companies and end clients to use Naavi. The clients are interested and looking forward to a prototype.”
Varun H M, Founding Partner
Growth & Future Prospects
Enfrien is presently self funded and is in theprocess of fund raising to commercialise the product. Expressing the current status of the company and plans, Vijay concludes, “We have a promising product with a great market potential. The estimated market size for the mounting structures for floating solar alone is over INR 3,00,000 crores. Our product can further be doubled up to be used as modular mounting structures for rooftop solar installations. These factors make Naavi a great investment opportunity for a potential investor. We are in talks with a few large EPC companies and end clients to use Naavi. The clients are interested and looking forward to a prototype.”