Odyssey
Odyssey Energy Solutions provides an end-to-end digital platform connecting distributed renewable energy developers, financiers, and equipment suppliers across 50+ emerging markets, facilitating $3B+ in financing, procurement, supply chain credit, and remote asset monitoring.
- Company typePrivate
- Founded2018
- HeadquartersBoulder, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Odyssey does
Odyssey Energy Solutions is a Boulder, Colorado-based climate-tech company founded in 2018 that operates an end-to-end digital platform for distributed renewable energy (DRE) project deployment in emerging markets. The platform unifies four functional modules: (i) Odyssey Finance Solutions, which connects developers with 40+ financing facilities totaling $3B+ in available capital across project finance, results-based financing, equity, and carbon credit streams; (ii) Odyssey Procure, a procurement-as-a-service marketplace listing 30+ OEM partners (including ATESS, Dyness, GoodWe, Growatt, Jinko Solar, Steamaco) with integrated supply chain credit, warehousing, benchmarking, order tracking, and forex; (iii) Results-Based Financing tools with claims management, remote verification, and World Bank-compliant e-tendering; and (iv) Portfolio Management and Remote Monitoring & Control (built on IoT capabilities acquired via Ferntech GmbH in 2021). The technology stack includes asset analytics that transform raw telemetry into commercial, technical, operational, environmental, and social metrics, with image-based remote verification and structured project/portfolio data as primary modalities.
The company serves four interlocking customer segments: commercial banks and institutional investors seeking to deploy capital into DRE; DFIs, donors, and governments managing large-scale electrification programs; renewable energy companies (solar installers, EPCs, mini-grid developers) needing financing and procurement support; and equipment manufacturers/distributors seeking market access. Notable customers and partners include the World Bank (digital backbone for the $750M Nigeria DARES program), British International Investment, Rural Electrification Agency of Nigeria, Crossboundary Energy Access, I&M Bank, Shell Foundation, Jibu, IHS Nigeria, and Trine. Odyssey operates through regional offices in Lagos (Nigeria), Delhi (India), and Crailsheim (Germany), serving projects across 50+ countries with concentration in Sub-Saharan Africa and emerging presence in India, Mexico, and Brazil.
Revenue is generated through four streams: recurring platform/subscription fees from financiers, developers, and equipment suppliers; transaction commissions on procurement marketplace activity (with 5-20% cost savings passed through to buyers); interest income on supply chain credit facilities for equipment procurement and construction; and professional services fees for managing DFI/government electrification programs (feasibility, application intake, verification, disbursement). Pricing is quote-based and not publicly disclosed. Capital raised to date totals approximately $39M across a seed ($5.34M, Equal Ventures, 2022), Series A ($15M, Union Square Ventures, 2023), follow-on ($11.3M, FJ Labs, 2024), and a $7.5M BII corporate facility (2025). The company employs 11-50 staff with a globally distributed leadership team including co-founder/CEO Emily McAteer (ex-Frontier Power/SunEdison) and co-founder/MD Piyush Mathur (ex-Simpa Networks/ENGIE).
Odyssey firmographics
Firmographics- Name
- Odyssey
- Legal name
- Odyssey Energy Solutions
- Website
- https://odysseyenergysolutions.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Odyssey Energy Solutions provides an end-to-end digital platform connecting distributed renewable energy developers, financiers, and equipment suppliers across 50+ emerging markets, facilitating $3B+ in financing, procurement, supply chain credit, and remote asset monitoring.
- Ownership category
- akta.pro rank
Odyssey industry classification
Industry- Product category
- Distributed Renewable Energy Software Platform
- NAICS
- Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372), Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Enterprise Architecture & IT Operating Model (BPAHAEAB)
Keywords
Where Odyssey is headquartered
LocationHeadquarters
- HQ city
- Boulder
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Odyssey business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Supply Chain
Revenue model
- Platform/Subscription Fees: Platform fees from financiers, renewable energy companies, and equipment suppliers accessing Odyssey's financing, procurement, and operations tools.
- Supply Chain Credit Interest: Interest income from providing credit facilities for equipment procurement. Flexible repayment schedules aligned with project cash flows, short-term lending for working capital.
- Procurement Commission: Revenue from negotiated equipment procurement through Odyssey Procure marketplace with 30+ OEM partners. Cost savings of 5-20% passed through with margin retained.
- Program Management Fees: Fees for managing large-scale electrification initiatives for governments and DFIs including feasibility studies, application intake, verification, and disbursement management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Supply Chain Credit - Procurement Credit |
| Usage-based | Pay-as-you-go | Supply Chain Credit - Construction Credit |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
Odyssey product offering
Product offeringCore offering
Odyssey provides an end-to-end digital platform for distributed renewable energy companies across the full project lifecycle — from planning and financing through equipment procurement to operations. The platform combines financing facilitation (over $3B across 40+ facilities), procurement-as-a-service via the Odyssey Procure marketplace (30+ OEM partners), on-demand supply chain credit, results-based financing claims management with remote verification, portfolio monitoring, and IoT-based remote monitoring and control.
Product overview
Odyssey is a unified platform-plus-modules architecture for distributed renewable energy (DRE) project development in emerging markets. The core Odyssey Platform provides the backbone, integrating three primary modules: Odyssey Finance Solutions (financing facilitation with over $3B available across 40+ facilities), Odyssey Procure (equipment procurement marketplace with 30+ OEM partners), and Supply Chain Credit (on-demand working capital for equipment). Additional modules include Results-Based Financing Tools (claims management and remote verification), Portfolio Management (project tracking and impact metrics), and Remote Monitoring & Control (asset operations via IoT). The platform serves financiers, solar companies, and equipment suppliers across 50+ countries, with solutions deployed in India, Africa, Latin America, and Asia.
Differentiator
Problem solved
Functional benefit
Brands
- Odyssey Procure: Procurement-as-a-service platform providing equipment procurement, supply chain credit, warehousing, industry benchmarking, and order tracking for renewable energy companies.
Products and services
- Odyssey Platform End-to-end digital platform that accelerates capital deployment for distributed renewable energy projects in emerging markets, providing financing facilitation, procurement marketplace, and asset management capabilities in a unified system. Used by financiers, solar companies, and equipment suppliers across 50+ countries.
- Odyssey Finance Solutions Financing platform connecting renewable energy developers with over 40 financing facilities, including project finance, results-based financing, equity funding, and carbon credit revenue streams. Facilitates over $3B of available financing for distributed renewable energy projects.
- Odyssey Procure Equipment procurement marketplace connecting solar companies with 30+ OEM partners. Provides cost savings of 5-20%, warehousing, industry benchmarking, order tracking, and forex solutions in a single transaction. Includes integrated supply chain credit.
- Odyssey Supply Chain Credit Working capital credit dedicated to equipment procurement for solar companies. Allows access to credit from order placement through commissioning, with flexible repayment schedules aligned to project cash flows and credit decisions in under two weeks.
- Results-Based Financing Tools The industry's only tools dedicated to claims management, remote verification, and application workflows for results-based financing (RBF) schemes. Includes automated outcome verification for payment disbursement, World Bank-compliant e-tendering capabilities, and remote site/project image verification.
- Odyssey Portfolio Management Track and monitor distributed renewable energy project construction with customized and collaborative milestone and data collection tools. Provides real-time monitoring of assets and visibility into key impact metrics in one dashboard for financiers.
- Remote Monitoring & Control Hardware and software suite for operations and maintenance of distributed energy systems. Enables IoT remote monitoring of solar systems, mini-grids, and health facility electrification, with data aggregation and automated system control from one dashboard.
- Nigeria DRE Finance Hub Browse and apply for capital offerings for DARES (Distributed Access through Renewable Energy Solutions) participants from a variety of banks and funders. Part of the Nigeria Distributed Energy Finance Hub initiative supporting the $750M World Bank-backed program.
Quantifiable outcome
- $3B+ of financing available for renewable energy projects
- +3 more outcomes
Companies that use Odyssey
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Odyssey technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability6 records
Feature6 records
Odyssey partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor and core.
- PowertrustminorPartnership to help DRE entrepreneurs access global climate finance via D-RECs, connecting projects with corporate energy buyers.
- Trade and Development Bank Group (TDB)coreOdyssey and TDB joined forces with the World Bank's ASCENT program to accelerate energy access in Africa through results-based financing.
- Triple JumpminorPartnership to bring equipment credit to small and mid-sized solar companies, expanding access to financing through Odyssey's procurement platform.
- IHS NigeriacorePartnership to deliver solar energy across Nigeria's telecom infrastructure, supporting sustainable power solutions for telecom towers.
- A. DiasminorPartnership to offer credit for solar companies in Brazil, expanding Odyssey's Latin America presence.
- Africa Minigrid Developers AssociationminorPilot partnership to test remote monitoring and control technology for mini-grids across Africa.
- InfraBlocksminorStrategic partnership to offer pioneering carbon credit and finance solutions, connecting project developers with global climate finance through D-RECs.
- I&M BankcoreI&M Bank joined forces with Odyssey to drive renewable energy investments, leveraging the platform for project financing and portfolio management.
- REANcoreREAN and Odyssey signed a $100M equipment finance deal to accelerate renewable energy deployment in Africa through the DART program combining demand pooling and aggregated purchasing.
- TrinecoreOdyssey partnered with Trine to accelerate financing for renewable energy projects in emerging markets, combining Trine's investor network with Odyssey's platform capabilities.
- ECREEEminorPartnership to facilitate financing for mini-grids in ECOWAS countries, supporting off-grid energy access in West Africa.
- Rural Electrification Agency of NigeriacoreOdyssey serves as the digital platform for Nigeria DARES program, supporting electrification for 17.5 million Nigerians through the $750m initiative.
- Crossboundary Energy AccesscoreCrossboundary uses Odyssey to monitor growing portfolio of mini-grid assets across emerging markets.
- Ferntech GmbHcoreOdyssey acquired Ferntech GmbH, a German remote monitoring technology firm, to expand capabilities in project operations and support globally. Ferntech's solutions reduce operational costs and improve system productivity.
Scale indicators13 records
Recent moves9 records
Expansion highlights7 records
Odyssey competitors and assessment
Company assessmentDirect peers
- Sun King (Greenlight Planet): Pay-as-you-go solar distribution company operating across Africa and Asia with embedded consumer financing. Serves overlapping end-market and developer base as Odyssey, and is a likely customer of Odyssey's platform.
- d.light: Solar home systems provider with embedded PAYG financing serving Africa and Asia. Comparable customer base of last-mile developers; differs as a vertically integrated product company rather than a multi-sided platform.
- BBOXX: Data-enabled solar pay-as-you-go platform operating across Africa with IoT monitoring and embedded financing. Comparable end-market (distributed solar in emerging markets) with overlap on asset analytics and remote monitoring capabilities.
- Angaza: Software-as-a-service platform enabling pay-as-you-go business models for off-grid solar distributors in emerging markets. Comparable to Odyssey's role as the software backbone for DRE distributors and financiers, with overlap on asset/portfolio management functionality.
- PowerGen Renewable Energy: Mini-grid developer operating across East and West Africa. Potential Odyssey customer for portfolio management and project finance, and a comparable distributed renewable energy operator at scale in the same geographies.
- Trine: Solar investment marketplace connecting project developers with retail and institutional investors. Already an Odyssey partner, but structurally similar in matching distributed energy supply with distributed capital demand.
- M-KOPA: Pay-as-you-go solar platform serving East Africa with connected asset financing and remote monitoring. Comparable mission and customer overlap; differs in being a direct B2C product provider rather than B2B platform.
- SunFunder: Solar project finance marketplace focused on emerging markets, connecting developers with institutional capital. Most directly comparable to Odyssey's financing facilitation layer and overlapping developer/capital provider customer base.
Broad incumbents
- Climate Fund Managers: Joint venture between Sanlam InfraWorks and the UK Foreign, Commonwealth & Development Office managing blended climate finance funds. A potential Odyssey customer/partner and comparable investor in the distributed renewable energy asset class.
- ENGIE Energy Access: Distributed energy access division of multinational utility ENGIE. Operates at much larger scale across multiple emerging markets, with overlapping mission and overlap with Piyush Mathur's prior role as CEO of Simpa Networks (acquired by ENGIE).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Odyssey social profiles
Digital presenceOdyssey financial estimates
Financial estimateRevenue estimate
Valuation estimate
Odyssey leadership team
Management profileNumber of profiles
Profiles11 records
Odyssey subsidiaries and ownership
Company hierarchySubsidiaries1 record
Odyssey funding detail
Funding detailFunding overview
Funding rounds7 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Odyssey M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Odyssey
What does Odyssey do?
Odyssey provides an end-to-end digital platform for distributed renewable energy companies across the full project lifecycle — from planning and financing through equipment procurement to operations. The platform combines financing facilitation (over $3B across 40+ facilities), procurement-as-a-service via the Odyssey Procure marketplace (30+ OEM partners), on-demand supply chain credit, results-based financing claims management with remote verification, portfolio monitoring, and IoT-based remote monitoring and control.
Is Odyssey a public or private company?
Odyssey is a private company. It is classified as venture growth investor backed and is currently operating.
When was Odyssey founded?
Odyssey was founded in 2018. It employs 1 to 10 people.
Where is Odyssey based?
Odyssey is headquartered in Boulder, United States, in the North America region.
How does Odyssey make money?
Four revenue lines are on record. Platform/Subscription Fees are the primary driver. The others are supply Chain Credit Interest, procurement Commission and program Management Fees.
Who are Odyssey's main competitors?
Direct peers on record are Sun King (Greenlight Planet), d.light, BBOXX, Angaza, PowerGen Renewable Energy, Trine, M-KOPA and SunFunder. Broad incumbents are Climate Fund Managers and ENGIE Energy Access.
Does Odyssey have an API?
No public API is recorded for Odyssey.
What industry is Odyssey in?
Odyssey's product category is Distributed Renewable Energy Software Platform. Its primary akta.pro industry code is BPAHAEAB, Enterprise Architecture & IT Operating Model. Its NAICS code is 5415 and its SIC code is 7372.