Selco Solar

"before 1998" is not in the list of possible values (1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, before 1980, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 2016, 2017, 2018) for this property.

For-profit

Energy

0 following

Share

Details


Region of operation

Karnataka, Kerala,Gujarat, Maharashtra, Bihar, Tamil Nadu

Headquarters address

742, 15th Cross, 6th Phase, J P Nagar, Bangalore Country: India Zip: 560078

Target problem

SELCO provides sustainable energy solutions and services to under-served households and businesses. It aims to empower its customer by providing a complete package of product, service and consumer financing through grameena banks, cooperative societies, commercial banks and micro-finance institutions.

Key product / Service

Solar lighting (CFL and LED) Indoor home lighting Outdoor home lighting Street Lights Special Projects DC TV Solar Pumps DC Sewing Machine Solar Digital Education Solar Micro Grid Solar Thermal (Water heaters) Domestic Institutional Solar inverter systems related appliances such as computers, ceiling fans, televisions, music systems, and sewing machines.

Team size

101-500

Number of beneficiaries

200000

Awards and recognition

  • Financial Times Arcelor Mittal Boldness in Business Awards for Corporate Social Responsibility (2009)
  • Social Entrepreneur of the Year Award (to Dr. Harish Hande- Managing Director Selco) by the Nand and Jheet Khemka Foundation UNDP and CII (2007)
  • Outstanding Achievement Award (dubbed as the Green Oscar) by the Ashden Awards (2005 and 2007)
  • Accenture Economic Development Award from the Tech Museum Awards

Funding and Operating Model


Funding round

Higher than Series B

Total funding raised

Investors

No investors specified yet. Please edit page to add some.

Business details

Two notable reasons for Selco’s success: One, it gave the poor what they needed instead of selling what was available. Earlier, manufacturers would sell only two-light or four-light solutions. But if a consumer wants, or can afford just one light, that’s what Selco sells him. Two, Selco made financing available at the customer’s doorstep by tying up with banks to extend them loans.

Partners and key clients

International Partners- Global Village Energy Partnership, Renewable Energy and Energy Partnership (REEP), UNEP, Clinton Global Initiative, Nand and Jeet Khemka Foundation. Ashden Awards. Technology Partners- MIT, Engineers Without Borders (EWB), Engineers for Social Impact, SDM Institute of Technology. Holistic Partners- SEWA Bank, mahila Housing Trust, Small Scale Sustainable Infrastructure Development.

Contributors


Followers


No one is following this page yet.