| Description: |
Simpa Networks, has a bold mission: to make modern energy simple, affordable, and accessible to everyone. Simpa is selling solar energy systems on a pay-as-you-go basis to underserved consumers in emerging markets. Customers make a small initial payment for a high-quality solar PV system and then pay for the energy service, topping up their systems in small user-defined increments using a mobile phone. Each payment for energy also adds towards the final purchase price. Once fully paid, the system unlocks permanently and delivers free solar energy. The innovative pricing model is called Progressive Purchase, and Simpa is already live with customers in Karnataka, India. Simpa helps its customers transform a daily expenditure for energy into ownership of a valuable asset. The business model is disruptive and highly scalable, re-imagining the value chain for delivering energy access at the base of the economic pyramid.
|