Reliance led a $57m Series C funding round in NexWafe.

Reliance, a private sector company, led a $57m Series C funding round in NexWafe, a proprietary process developer to to produce ultra-thin, high efficiency, monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. Other investors include InnoEnergy, Lynwood, Saudi Aramco Energy Ventures. "With its strategic partnership with NexWafe, Reliance can bring the latest in solar wafer innovation to India while also leveling the global playing field for photovoltaic manufacturers, expanding manufacturing beyond a single source market," Davor Sutija, NexWafe CEO.