About Orb Energy
Orb Energy is a company based in Bengaluru (India) founded in 2006 by Naledath Palat Ramesh. Orb Energy has raised $8.1 million across 7 funding rounds from investors including Shell, Acumen and U.S. Department of State. The company has 258 employees as of March 30, 2024. Orb Energy offers products and services including Rooftop Solar PV, Ground Mounted Solar, Solar Water Heating, Solar Panels, and Solar Finance. Orb Energy operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
- Headquarter Bengaluru, India
- Employees 258 as on 30 Mar, 2024
- Founders Naledath Palat Ramesh
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Sectors
Financial ServicesEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name Orb Energy Private Limited
- Date of Incorporation 30 Aug, 2006
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$28.23 M (USD)12.94as on Mar 31, 2023
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Net Profit
-$1.84 M (USD)-654.93as on Mar 31, 2023
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EBITDA
-$917.55 K (USD)-367.59as on Mar 31, 2023
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Total Equity Funding
$8.1 M (USD)
in 7 rounds
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Latest Funding Round
$20 M (USD), Debt – Conventional
Oct 06, 2022
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Investors
Shell
& 7 more
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Employee Count
258
as on Mar 30, 2024
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Products & Services of Orb Energy
Orb Energy offers a comprehensive portfolio of products and services, including Rooftop Solar PV, Ground Mounted Solar, Solar Water Heating, Solar Panels, and Solar Finance.
Systems for power generation on buildings for commercial use.
Large-scale solar setups for industrial power needs.
Systems to heat water using solar energy for homes.
Manufactured panels for various solar applications.
Collateral-free loans for solar installations.
People of Orb Energy
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Funding Insights of Orb Energy
Orb Energy has successfully raised a total of $8.1M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Orb Energy
Orb Energy has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell, Acumen and U.S. Department of State.
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Government agency supporting the development of SMEs
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Private equity firm focused on growth equities
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Investor details for Orb Energy
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Investments & Acquisitions by Orb Energy
Investment portfolio details for Orb Energy
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Financial Statements - Orb Energy
Detailed financials for Orb Energy
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Orb Energy Comparisons
Peer comparison for Orb Energy
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Competitors of Orb Energy
Orb Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
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Consumer and SME loans are provided by Manappuram Finance.
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Diversified lending services are provided as a non-banking financial institution.
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Online gold, home, personal, and business loans are provided.
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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Financial solutions including loans and insurance are offered.
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Household and business loans are provided with risk management support.
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Detailed competitors of Orb Energy
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Latest news on Orb Energy
Complete news archive for Orb Energy
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Frequently Asked Questions about Orb Energy
Orb Energy was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Orb Energy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Orb Energy is a funded company, having raised a total of $8.1M across 7 funding rounds to date.
As of Mar 30, 2024, the latest employee count at Orb Energy is 258.
Annual revenue of Orb Energy is $28.23M as on Mar 31, 2023.
Orb Energy was founded in 2006 and is based in Bengaluru, India, within the renewable energy sector. Solar photovoltaic systems for power, thermal systems for hot water, and energy-efficient lights and appliances are sold, installed, and maintained. Over 170 branches operate across India, supported by bank partnerships for financing solar lighting in emerging markets. Approximately 75,000 systems have been deployed, and the Zayed Future Energy Prize 2012 was received.
Orb Energy's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Orb Energy offers Rooftop Solar PV, Ground Mounted Solar, Solar Water Heating, Solar Panels, and Solar Finance.
Orb Energy has 8 investors. Key investors include Shell, Acumen, U.S. Department of State, FMO, and DFC.