Residential solar startup Loom Solar raises $2 million - Updates
India Climate Startups Funding & Investment Updates
Residential solar startup Loom Solar raises $2 million
Funding from US based Social Investment Managers and Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC
Notes by Narsi
It is a rather interesting startup - one of the very few offering retail products in solar & storage, and an assembler of these products to boot.
Follows a typical B2C model, operating in 500+ districts with 300-+ resellers.
Wonder who their dominant customers are - are these B2C solar EPCs (including those offering offgrid products), end users themselves, quasi EPCs like electrical service providers?