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Simpa
company
About
Simpa offers solar power systems to households and shops in rural areas.
- 251 - 500
Highlights
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- $4M
- Industries
- Clean Energy,Energy,Renewable Energy,Solar
- Founded date
- Mar 17, 2010
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Simpa offers solar power systems to households and shops in rural areas. Customers make a small initial payment to have a solar PV system installed, then it's simply pay-as-you-go for the electricity. They mimic the compelling pricing model of pre-paid cell phones. But these small payments for electricity also add up towards the total purchase price and once fully paid, the customer owns the system and enjoys the benefits of clean, reliable electricity, for free.The company was founded in 2010 and is based in Karnataka, India.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$4M
Simpa has raised a total of
$4M
in funding over 2 rounds. Their latest funding was raised on
Dec 16, 2014 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 16, 2014 | Debt Financing | $4M | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
—
1
Simpa is funded by 1 investors.
Engie
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
Engie
|
— | Debt Financing |
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