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Funding

Shell buys 20% of Orb Energy

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Orb Energy logo
Date
Company
Orb Energy
What it does
Shell takes minority stake
Kind
Funding
Amount
Undisclosed
Stage
Strategic
Based in
Bengaluru
Founded
2006

What they do

Shell's New Energies arm picked up close to one fifth of the Bengaluru solar company in a fresh funding round

What happened

The money is meant to fund the next phase of growth, lending to small businesses that want rooftop solar

Why it matters

Orb was started in 2006 and offers credit so small firms can buy their own rooftop systems

The details

  • Shell New Energies bought nearly 20% of Orb Energy.
  • The stake came through a new funding round announced in Oct 2019.
  • Orb finances rooftop solar for small and mid-size businesses.
  • Founders Damian Miller and NP Ramesh started Orb in 2006.

Investors

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