 | |
| Company type | Private Limited |
|---|---|
| Industry | Photovoltaics, Solar Power |
| Founded | 2006 |
| Founder | Damian Miller and NP Ramesh |
| Headquarters | , |
Area served | India, Kenya |
Key people | Damian Miller (CEO) NP Ramesh (COO) Herre Hoekstra (Chairman) |
Number of employees | 250 (2019) [1] |
| Website | www |
Orb Energy is a solar energy company headquartered in Bangalore, India, founded by Damian Miller and NP Ramesh in 2006. [2]
Orb Energy was founded in 2006 by Damian Miller and NP Ramesh in Bangalore, India. The company opened its first branch in Kumta, India. [3] [4] The company reached 100 branches in Karnataka by 2015. [2]
The company offers collateral free solar loans to small and medium sized firms to help adopt rooftop solar systems. [5]
Till April, 2024 the company has installed over 166,000 solar systems in India with 288 megawatts as total capacity. [5] [6]
In 2017, the company raised $15 million (INR 95 crores) from The Netherlands Development Finance Company (FMO), The US Government’s Overseas Private Investment Corporation (OPIC), and The German Investment Corporation (DEG).
In 2019, Shell acquired 20% stake in Orb Energy. [7] [8]
The company also received funds from Bamboo Capital Partners (Luxembourg), Rianta Capital (Switzerland) and Pamiga SA (Luxembourg). [9]
Orb Energy started its operations in Africa in 2014. [10] The company launched its own subsidiary in Kenya to replicate its Indian Business model in Africa. The company works with local banks to make solar loans available to residential and commercial customers. [11] [12]
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