Funding
Orb Energy raises $20M loan from US DFC
By Startup Enthusiast ·
- Date
- Company
- Orb Energy
- What it does
- Follow-on loan from US DFC
- Kind
- Funding
- Amount
- $20M
- Stage
- Debt
- Based in
- Bengaluru
- Founded
- 2006
What they do
The US Development Finance Corporation gave a second loan of $20 million, after an earlier $10 million one
What happened
The money backs Orb's own financing arm, which lends to rooftop and ground-mounted solar customers
Why it matters
Orb offers business customers finance of up to five years and makes its own solar panels
The details
- The US DFC lent $20 million in Oct 2022.
- It follows a first DFC loan of $10 million.
- Funds support in-house finance for solar buyers.
- Orb makes panels, installs and services systems.
Investors
More on Orb Energy
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- Orb Energy teams with Mabati in Kenya19 September 2025 · Partnership
- Orb Energy plans $50M raise26 February 2025 · News
- Orb Energy crosses Rs 300 crore solar lending14 January 2025 · News
- Orb Energy joins SBI solar loan scheme3 June 2024 · Partnership
- Orb Energy opens 35 MW solar park22 May 2024 · Launch
- Orb Energy hires Rabindra Satpathy as executive vice president4 June 2020 · People
- Shell buys 20% of Orb Energy3 October 2019 · Funding