Simpa Networks

POWER TO THE PEOPLE

General Information
Company Name
Simpa Networks
Founded Year
2010
Location (Offices)
Noida, India +1
Founders / Decision Makers
Number of Employees
256
Industries
Energy, Renewable Energy, Clean Energy
Funding Stage
Series Unknown
Social Media

Simpa Networks - Company Profile

Simpa Networks is an award-winning, venture-backed social enterprise with a bold mission: to make modern energy simple, affordable, and accessible to everyone. Simpa sells solar-as-a-service to energy poor households and micro-enterprises that lack access to electricity in rural areas. Simpa helps its customers transform a daily expenditure for energy into ownership of a valuable asset using our innovative solar leasing model called 'Progressive Purchase'. Customers make a small initial payment to get a high-quality solar PV system installed. Using pay-as-you-go approach (PAYG), each subsequent payment for the energy service also contributes towards the final purchase price. Once fully paid, the system unlocks permanently and delivers free solar energy for years. Simpa's model is enabled by its patented metering technology, deep rural sales reach and attractive customer financing. This business model is disruptive and highly scalable, re-imagining the value chain for delivering energy access at the base of the economic pyramid. We're present in India as Simpa Energy with our head office in Noida, and rural operations across several districts of Uttar Pradesh, Bihar & Odisha. Founded in 2010 and headquartered in India, Simpa Networks last received a Venture Round investment at 07 August 2015.

Taxonomy: solar energy, energy access, social entrepreneurship, solar leasing, pay-as-you-go (PAYG), rural electrification, innovative financing, metering technology, clean energy, asset ownership, base of the pyramid, India, venture-backed, scalable business model

Funding Rounds & Investors of Simpa Networks (4)

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Funding Stage Amount No. Investors Investors Date
Venture Round Unknown - 07 Aug 2015
Debt Financing $4.00M 2 Engie 16 Dec 2014
Seed Round Unknown 1 09 Oct 2012
Seed Round $1.10M 2 Karl Mehta 29 Nov 2010

Latest News of Simpa Networks

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No recent news or press coverage available for Simpa Networks.

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