About the innovation
Simpa sells solar power systems on financing to households and shops in rural India. Customers make a small initial payment to have the solar PV system installed, then it’s simply pay-as-you-go for the electricity. Simpa mimics the compelling pricing model of pre-paid mobile phones. But there’s an important twist: These small payments for energy service also add up towards the total purchase price and, once fully paid, the customer owns the system, enjoying clean, reliable, electricity for free. Simpa utilizes a rooftop solar leasing model made possible with our patented pre-paid metering and control technology.
Simpa Energy India Pvt. Ltd.
- Year of registration/incorporation in India
- Legal Status
Simpa Networks is a venture-backed technology company with an aim to make modern energy simple, affordable, and accessible for everyone. Simpa Energy India Pvt. Ltd. started its operations in 2011 with a prime focus in eight districts of Uttar Pradesh. As on May 2015, the company has reached out to over 10,000 customers in the state of Uttar Pradesh alone and almost half of the Simpa benefi ciaries have been women.
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