News
Orb Energy plans $50M raise
By Startup Enthusiast ·
- Date
- Company
- Orb Energy
- What it does
- Plans $50M fundraise
- Kind
- News
- Based in
- Bengaluru
- Founded
- 2006
What they do
Chief executive Damian Miller said the firm wants about $50 million, with $20 million equity and $30 million debt
What happened
The money would expand installed solar capacity, which already tops 300 MW across its customers in India
Why it matters
Orb has sold around 1.7 lakh systems to home, commercial and industrial customers, making it a top rooftop player
The details
- Orb aims to raise about $50 million (Rs 435 crore).
- Split: $20 million equity, $30 million debt.
- Installed capacity is above 300 MW.
- About 1.7 lakh systems have been sold.
More on Orb Energy
- Orb Energy gets $2M for East Africa solar1 October 2026 · Funding · $2M
- Orb Energy teams with Mabati in Kenya19 September 2025 · Partnership
- 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 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