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Simpa Networks logo — POWER TO THE PEOPLE

Simpa Networks

POWER TO THE PEOPLE

Founded 2010 India Noida, India 256 employees Series Unknown Total: $5.10M Energy, Renewable Energy +1

General Information

Company Name Simpa Networks
Founded Year 2010
Location India Noida, India +1
Employees 256
Industries Energy, Renewable Energy, Clean Energy
Funding Stage Series Unknown
Social

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About Simpa Networks

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 (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• - 07 Aug 2015
Debt Financing •••••• 2
Investor
•••• •••• 		16 Dec 2014
Seed Round •••••• 1
Investor
09 Oct 2012
Seed Round •••••• 2
Investor
•••• •••• 		29 Nov 2010

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FAQ About Simpa Networks

POWER TO THE PEOPLE
Simpa Networks was founded in 2010.
Simpa Networks is headquartered in Noida, India.
Simpa Networks operates in the following industries: Energy, Renewable Energy, Clean Energy.
Simpa Networks has approximately 256 employees.
Simpa Networks has completed 4 funding rounds, raising a total of $5.10M. The latest funding stage is Series Unknown.
Top alternatives and competitors to Simpa Networks include Solar Panda, Aspiration Energy Pvt.Ltd., Alchemy Solar, U.S. Light Energy, Photon Energy Solutions. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Simpa Networks and Solar Panda are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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