Simusolar
Simusolar increases rural prosperity by selling and financing productive equipment to farmers and small businesses.
Business Model: B2C B2B
Revenue: $0
Employees: 11-50
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Detailed Simusolar Information
Geographic Data
Address: 9 Eyasi Road
City: Dar es Salaam
State: dar-es-salaam
Zip:
Country: TZ
Financial Info
Stage:
grant
Raised Last:
$0
Raised Total:$870k
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Description
Simusolar increases rural prosperity by selling and financing productive equipment to farmers and small businesses. It provides and finances accessible, affordable, and energy-efficient equipment designed for off-grid businesses in Sub-Saharan Africa. Its systems are designed to meet the needs of rural smallholders, from equipment specifications to innovative financing terms.
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| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 7/2021 | Post-IPO Debt | $1.5M |
EDFI ElectriFI |
3/2016 | Debt | $100k | 3/2017 | Grant | $50k | 6/2017 | Debt | $30k | 3/2019 | Venture Round | 1 | - |
Acumen Acumen |
11/2014 | Convertible Note | 2 | $100k |
David Dwelle Mark Walpert David Dwelle Mark Walpert |
11/2022 | Grant | 1 | - |
The GSMA Innovation Fund The GSMA Innovation Fund |
1/2016 | Debt Financing | 1 | $250k |
DOEN Participaties DOEN Participaties |
10/2016 | Convertible Note | 6 | $470k |
Dan Shugar David Dwelle Howard Wenger Nick Papadopolous Norman Packard Suzanne Johnson Dan Shugar David Dwelle Howard Wenger Nick Papadopolous Norman Packard Suzanne Johnson |
11/2022 | Grant | 1 | - |
The GSMA Innovation Fund The GSMA Innovation Fund |
3/2019 | Venture Round | 1 | - |
Acumen Acumen |
|---|
| Announced Date | Name | Price |
|---|
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