News
Orb Energy crosses Rs 300 crore solar lending
By Startup Enthusiast ·
- Date
- Company
- Orb Energy
- What it does
- Passes Rs 300 crore financing
- Kind
- News
- Based in
- Bengaluru
- Founded
- 2006
What they do
Orb has paid out more than Rs 300 crore through its own finance facility for solar buyers, a milestone reached in January 2025
What happened
The facility needs no collateral and no down payment from customers, which lowers the barrier for small firms
Why it matters
It targets small and micro businesses moving to cheaper solar power, and sits alongside Orb's panel manufacturing business
The details
- Orb's in-house finance passed Rs 300 crore by Jan 2025.
- The scheme has zero collateral and zero down payment.
- It is aimed at SMEs and MSMEs.
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- Orb Energy joins SBI solar loan scheme3 June 2024 · Partnership
- Orb Energy opens 35 MW solar park22 May 2024 · Launch
- Orb Energy raises $20M loan from US DFC6 October 2022 · Funding · $20M
- Orb Energy hires Rabindra Satpathy as executive vice president4 June 2020 · People
- Shell buys 20% of Orb Energy3 October 2019 · Funding