Orb Energy

2006

For-profit

Energy

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Founders


Details


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

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

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

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

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