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First Energy

2006

For-profit

Energy

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Details


Region of operation

Hyderabad, Bangalore, rural Maharashtra, Karnataka

Headquarters address

B-101 - B-105, First Floor, B-Wing, Signet Corner, S.No-134, Baner, Pune Country: India Zip: 411045

Target problem

First Energy is an energy business that caters to consumers in rural and suburban India through an affordable cooking offer consisting of a biomass stove and a fuel made from pelletized agri-residue. Overall, the aim is to provide cleaner, safer, and sustainable energy solutions to emerging consumers who lack affordable and accessible sources of energy.

Key product / Service

Biomass stove and agri fuel pellets

Team size

51-100

Number of beneficiaries

500000

Awards and recognition

  • World Economic Forum's Technology Pioneer award for 2012

Funding and Operating Model


Funding round

Series A

Total funding raised

Business details

First Energy aims to create a cost-effective, clean and convenient cooking solution for those who have no access to clean energy, or cannot afford it The Oorja Pellet fuel, a first ever agricultural biomass residue-based solid fuel developed for households and The Oorja Stove, an efficient and low emission stove developed in partnership with IISc, Bangalore. It saves over 50% of the fuel bills for restaurants, caterers and canteens. One Kg. of Oorja pellets equals 4 kg of conventional firewood. In addition, First Energy has developed a micro-pelletiser that allows village-level entrepreneurs to use locally-available bio-mass and waste to produce fuel pellets without the cost and logistical problems of centralized pellet production. New models developed by the company for domestic use are starting to attract customers. The company has 35 distributors catering to about 2,500 dealers, who are backed by a service network.

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