Jupiter International said it has secured an investment of Rs 500 crore from ValueQuest SCALE Fund and its affiliates to accelerate solar manufacturing expansion.

The company operates at a 1 GW facility in Baddi, Himachal Pradesh, and plans to increase the total capacity to 5.6 GW solar cells and 2.4 GW solar modules, the company said in a statement.

The present funding round of Rs 500 crore and internal accruals is proposed to support the company's ongoing capex programme, it said.

According to the statement, Jupiter International Ltd -- a manufacturer of photovoltaic solar cells and a provider of comprehensive solar power solutions -- has announced that it has secured a Rs 500 crore investment from ValueQuest SCALE Fund and its affiliates.

As a long-term partner, their continued confidence underscores our ability to scale efficiently and drive innovation, Jupiter International Managing Director Alok Garodia said.