Orb Energy receives $20 million funding from the United States International Development Finance Corporation

Orb Energy, a vertically integrated provider of solar energy solutions in India announced that it has received a $20 million follow-on loan from the United States International Development Finance Corporation to support its in-house financing facility for rooftop and ground mounted solar customers in India.

Orb Energy is a vertically integrated provider of solar energy solutions in India, operational since 2006. The company manufactures its own range of solar panels, design, installs and services solar systems, and also provides critical finance for up to 5 years to its commercial and industrial customers. 

Recently in September 2022, Yulu, an electric mobility start-up, raised Rs 6.53 billion in a funding round led by US-based Magna International Incorporation. The round witnessed participation from existing investors such as Bajaj Auto Limited. The funds raised will be utilised to scale up the start-up’s mobility and battery-swapping businesses.

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