Overview

Name Orb Energy
Logo
Vision
Year 2006
Company type For-profit
Sector Energy
Region of operation Karnataka, Kerala, Andhra Pradesh, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and Bihar
Headquarters address No.12, Srigandhada Kavalu, Sunkadakatte, Magadi Rd, Bengaluru, Karnataka Country: India Zip: 560091
Website
Contact
Social media links

Details

Target problem Power struggle is common not only in rural India but also in urban areas. So, the company is trying to solve this crisis by harnessing the renewable solar energy.
Key product / Service Solar Photo Voltaic Systems
Founders
Team size More than 500
Number of beneficiaries 25000
Awards and recognition
  • Zayed Future Energy Prize 2012


Funding and Operating Model

Funding round Angel
Total funding raised $ 5500000
Investors
NameRoundAmount RaisedType of FundingAnnounced OnWeb URL
Bamboo FinanceEquity
The U.S. Department of State1,000,000Grant
Acumen1,000,0002011
Business details Orb energy manufactures a variety of products using solar photovoltaic cells like heaters,lights etc.The company reaches out to its customers through franchisees supported by Orb branches, channel partners who deal in plug-n-play kits and by undertaking large projects.Orb Energy is also has a partnership with rural banks that finance solar lighting and is able to reach out to new markets through this route.

The absence of infrastructure in rural areas makes penetration difficult, finding the right partners with total commitment is another hurdle.

Orb Energy is targeting Africa, with Kenya and East Africa as the next two destinations outside India, where he plans to replicate the branch network.

Partners and key clients Acumen Fund, Bamboo Finance

Images and trivia

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