About Simpa Networks
Simpa Networks is a company based in Bengaluru (India) founded in 2010 was acquired by Engie in November 2018. Simpa Networks has raised $21.67 million across 13 funding rounds from investors including ENGIE, Asian Development Bank and USAID. The company has 3 employees as of March 31, 2023. Simpa Networks operates in a competitive market with competitors including Adani Green Energy, Hero Future Energies, KPI Green Energy, Husk Power Systems and OMC Power, among others.
- Headquarter Bengaluru, India
- Employees 3 as on 31 Mar, 2023
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Energy & Utilities
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Funding Insights of Simpa Networks
Simpa Networks has successfully raised a total of $21.67M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $1.05 million completed in January 2018. 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 Simpa Networks
Simpa Networks has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ENGIE, Asian Development Bank and USAID.
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Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital.
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Electricity, natural gas, and energy services are provided globally.
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Investor details for Simpa Networks
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Investments & Acquisitions by Simpa Networks
Investment portfolio details for Simpa Networks
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Financial Statements - Simpa Networks
Detailed financials for Simpa Networks
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Simpa Networks Comparisons
Peer comparison for Simpa Networks
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Competitors of Simpa Networks
Simpa Networks 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 Adani Green Energy, Hero Future Energies, KPI Green Energy, Husk Power Systems and OMC Power, among others.
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Renewable energy power is produced independently by Adani Green Energy.
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Renewable energy projects are developed for utility-scale and commercial use.
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Solar and hybrid power projects are developed and operated.
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Hybrid renewable energy solutions are provided for rural communities.
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Develops and operates solar energy projects using RESCO, Open Access, and Group Captive models in India.
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Detailed competitors of Simpa Networks
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Latest news on Simpa Networks
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Frequently Asked Questions about Simpa Networks
Simpa Networks was founded in 2010.
Simpa Networks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sanjay Munshi is the current CEO of Simpa Networks.
Simpa Networks is a funded company, having raised a total of $21.67M across 13 funding rounds to date.
As of Mar 31, 2023, the latest employee count at Simpa Networks is 3.
Simpa Networks offers Solar-as-a-service to rural India by accepting a down-payment, and installing Solar PV panels. The customers then pre-pay for the energy used every month, which would finally repay the purchase price of the solar panels. Since its inception the company has delivered over 65 MWh. The company is backed by Asian Development Bank, IFC, Khosla Impact Fund, Sorenson Impact Foundation, Schneider Electric, and more. Simpa Networks, besides other awards won the Impact Award in the renewable energy category by OPIC in May 2015.
Simpa Networks's top competitors include Husk Power Systems, Hero Future Energies and Adani Green Energy.
Simpa Networks has 5 investors. Key investors include ENGIE, Asian Development Bank, USAID, OPIC, and Village Capital.