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DateInvestorsAmountRound
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$1.1m

Seed

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Seed

$4.0m

Late VC

$4.0m

Debt
N/A

N/A

Early VC
Total FundingAUD7.9m

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Simpa Networks specializes in providing affordable solar power solutions tailored to meet the energy needs of both rural and urban households. Operating primarily in the renewable energy market, Simpa offers solar home systems (SHS) with power configurations ranging from 50 to 300 watts, ensuring a match for various budgets and power requirements. The company serves clients in the BFSI, education, and IT sectors, as well as rural industries, leveraging a unique business model that combines product sales with financing options. Simpa's in-house credit team uses a proprietary credit model to assess customer eligibility and facilitate financing through partner banks. Customers can acquire a solar home system by making a small down payment and repaying the loan over a period of 1 to 3 years. Upon loan repayment, customers gain ownership of the system, enjoying free energy for a lifetime. Simpa's Urja Mitras VLE and Rural Sales Associates conduct home visits to assess energy needs and assist with the application process, while certified technicians handle system installation. With over 3,500 high-quality solar rooftop installations across 60 cities, Simpa Networks is committed to making solar energy accessible and affordable.

Keywords: solar power, affordable energy, rural households, urban households, financing, renewable energy, solar home systems, proprietary credit model, energy independence, doorstep installation.

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