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 regional offices in Noida and Bangalore, and rural operations across several districts of Uttar Pradesh.
Type
Private
HQ
Noida, IN
Founded
2010
Employees
203 (est)+2%
Simpa Networks was founded in 2010 and is headquartered in Noida, IN

Simpa Networks Locations

Noida, IN
Seattle, US

Simpa Networks Metrics

Simpa Networks Summary

Founding Date

2010

Total Funding

$1.1 M

Latest funding size

$1.1 M

Time since last funding

about 4 years

Investors

Simpa Networks's latest funding round of $1.1 M was in October 2012. In total, Simpa Networks has raised $1.1 M.

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