SimuSolar Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 51

Employees

  • Latest Deal Type
  • Accelerator/​Inc

  • Investors
  • 12

SimuSolar General Information

Description

Developer of productivity-enhancing agricultural equipment designed to offer access to clean, renewable energy and energy-efficient appliances. The company's equipment includes solar-powered lights, a solar-powered irrigation system for rural value chains, fishing, irrigation, cold storage, lighting, and other revenue-generating work, enabling farmers and fishers to get equipment on a monthly payment basis through mobile money applications.

Contact Information

Website
www.simusolar.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 9 Eyasi Road
  • Box 12416, Mikocheni B
  • Dar es Salaam, 14112
  • Tanzania
+255 0677
Primary Industry
Machinery (B2B)
Other Industries
Other Commercial Products
Other Agriculture
Alternative Energy Equipment
Vertical(s)
CleanTech, LOHAS & Wellness, TMT, Mobile
Corporate Office
  • 9 Eyasi Road
  • Box 12416, Mikocheni B
  • Dar es Salaam, 14112
  • Tanzania
+255 0677

SimuSolar Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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SimuSolar Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Accelerator/Incubator 01-Jan-2023 Completed Generating Revenue
9. Accelerator/Incubator 12-Feb-2022 Completed Generating Revenue
8. Later Stage VC 01-Jun-2021 Completed Generating Revenue
7. Later Stage VC 08-Jun-2020 Completed Generating Revenue
6. Later Stage VC 25-Mar-2019 Completed Generating Revenue
5. Angel (individual) 20-Jul-2018 Completed Generating Revenue
4. Accelerator/Incubator 17-Apr-2017 Completed Generating Revenue
3. Debt - General 03-Feb-2017 Completed Generating Revenue
2. Angel (individual) 18-May-2016 $100K $100K Completed Generating Revenue
1. Accelerator/Incubator Completed Startup
To view SimuSolar’s complete valuation and funding history, request access »

SimuSolar Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • 1

    Granted

  • Pending

  • Expiring in next 12 mo

SimuSolar Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-9806666-B2 System and method for mounting solar panel frames on corrugated roofing Inactive 21-Jul-2015
US-20170025985-A1 System and method for mounting solar panel frames on corrugated roofing Active 21-Jul-2015

SimuSolar Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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SimuSolar Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
SESA Project Accelerator/Incubator
DeveloPPP Ventures Accelerator/Incubator
EDFI MC Impact Investing Minority
David Dwelle Angel (individual) Minority
Impact Assets Impact Investing
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SimuSolar FAQs

  • When was SimuSolar founded?

    SimuSolar was founded in 2013.

  • Where is SimuSolar headquartered?

    SimuSolar is headquartered in Dar es Salaam, Tanzania.

  • What is the size of SimuSolar?

    SimuSolar has 51 total employees.

  • What industry is SimuSolar in?

    SimuSolar’s primary industry is Machinery (B2B).

  • Is SimuSolar a private or public company?

    SimuSolar is a Private company.

  • What is SimuSolar’s current revenue?

    The current revenue for SimuSolar is .

  • How much funding has SimuSolar raised over time?

    SimuSolar has raised $3.2M.

  • Who are SimuSolar’s investors?

    SESA Project, DeveloPPP Ventures, EDFI MC, David Dwelle, and Impact Assets are 5 of 12 investors who have invested in SimuSolar.

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