Distributed Energy Pte Ltd

What Distributed Energy Pte Ltd does

Distributed Energy Pte Ltd (DE), incorporated in Singapore with operations across 10 countries, is a renewable energy platform that finances, builds, and operates commercial and industrial (C&I) solar projects ranging from 50 kW to 20 MW in India, East Africa, the Middle East, and select West African markets. Founded in 2013 and led by CEO Mathew Mazhuvanchery (formerly founder of Aggrego, sold to a KKR-owned firm in 2016), Co-Founder & CDO Ruchir Punjabi, and Chairman Sudhakar Kadavasal, the company operates with a vertical, full-lifecycle model that owns project origination, financing structuring, EPC oversight, and ongoing O&M through 30+ EPC partners.

DE's commercial offering is built around three customer-facing financing structures: Power Purchase Agreements (PPA) of 3-20 years, Operating Leases of 3-20 years, and Loans, all designed to remove the upfront capital barrier for C&I electricity consumers who otherwise face high tariffs and unreliable grid supply. The company operates an online Marketplace that aggregates pre-vetted solar projects for accredited investors, alongside investment vehicles including Direct Plant Ownership ($100K minimum), Co-Invest in HoldCo, Dedicated SPVs (≥$500K), and India's first Renewable Energy Alternate Investment Fund (AIF) targeting 15% pre-tax IRR over a 10-year horizon. Revenue derives from management fees (5% sweat equity in SPVs plus 15% annual management fee), spread on PPA tariffs below prevailing utility rates, and loan interest, while investors receive 15-25% project IRRs depending on leverage and project size.

The go-to-market motion is sales-led with a partner-driven funnel: direct enterprise origination is supplemented by 50+ approved dealers, Chartered Accountant referrals, and EPC partner referrals across 10 countries. Cumulative portfolio impact as disclosed includes 28.6 million kWh of total solar generation, 20,800 tonnes of CO2 offset, 14,500 tonnes of coal displaced, and over $1.3 million in aggregate customer bill savings. Institutional validation includes the World Energy Council's SET100 listing in 2021 and ISO 9001 certification, while named enterprise customers span Tata, Mahindra, Murugappa, Repsol, Chemfab, the Indian Army, and Embassy.

Name

Distributed Energy Pte Ltd

Legal name

Distributed Energy Pte Ltd

Website

https://de.energy

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Distributed Energy is a Singapore-based solar financing platform that funds, installs, and manages commercial and industrial solar projects (50 kW-20 MW) across India, East Africa, and the Middle East, serving both C&I energy customers via PPAs and leases, and accredited investors through a curated project marketplace and AIF.

Ownership category

akta.pro rank

Product category

Commercial Solar Financing

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Community Solar Development & Subscription Management (EUAMAJAA)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Commercial solar financing
• Power purchase agreements
• Solar project investment
• Renewable energy infrastructure
• Solar asset management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Power Purchase Agreement (PPA): DE finances, designs, procures, installs, and operates a solar plant on the customer's premises. The customer pays a fixed discounted tariff rate for electricity generated over the PPA term (typically 7–20 years). This is DE's primary financing structure, enabling customers to reduce electricity costs without upfront capital expenditure.
2. Operating Lease: DE finances a solar plant and the customer pays a fixed lease amount over the contract period (3–20 years), independent of power generation or consumption. Provides predictable cost savings and clean energy access.
3. Solar Loan Financing: DE provides or arranges loan financing for customers to own solar plants. The customer repays the loan over the agreement term while benefiting from the solar installation and long-term energy savings.
4. Investment Management Fees: DE charges fees of 5% (sweat equity) in SPVs and an annual fee of 15% as a Management Fee from plant revenue. Minimum project IRR projection of 15% is after all management fees have been factored in. Target net IRR for selected investments is 12%+.
5. Alternate Investment Fund (AIF): India's first Renewable Energy AIF targeting 15% IRR (pre-tax) over 10 years. Minimum investment is ₹1 Crore. Allows retail and HNW investors to access solar infrastructure investment in India.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Distributed Energy finances, designs, procures, installs, and operates rooftop and ground-mounted solar PV systems (50 kW to 20 MW) for commercial and industrial customers in emerging markets, offering zero upfront cost through Power Purchase Agreements (PPAs), Operating Leases, and Loans. The company also operates an online investment marketplace that lists pre-vetted solar projects, enabling accredited and institutional investors to access contracted-cash-flow renewable energy assets across India, East Africa, and the Middle East.

Product overview

Distributed Energy operates a solar financing and investment platform offering multiple products: a Marketplace for investors to access pre-vetted solar projects across India and Africa, alongside customer financing models including Power Purchase Agreements (PPAs), Operating Leases, and Loans. Investment options span Direct Plant Ownership, Co-Investment in a managed HoldCo, Dedicated SPVs for larger investors ($500K+), and India's first Renewable Energy AIF. The platform also provides a free Solar Savings Calculator tool. DE handles the complete project lifecycle from financing through commissioning and ongoing operations and maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Purchase Agreement (PPA)
• Operating Lease
• Solar Loan Financing
• Solar Investment Marketplace
• Renewable Energy Alternate Investment Fund (AIF)

Quantifiable outcome

• Up to 74% reduction in electricity costs for C&I customers
• +6 more outcomes

Named customers20 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• EPC & O&M Partners (30+)coreImplementation/ SI/ Consulting PartnerDE works with 30+ EPC (Engineering, Procurement, Construction) and O&M partners to execute and maintain solar projects across India, Africa, and the Middle East.
• Approved Dealers (50+)coreChannel Partner/ Reseller/ Distributor50+ approved dealers across 10 countries drive customer acquisition and local market presence for DE's solar financing and deployment services.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• OMC Power: OMC Power builds and operates solar mini-grids and rooftop solar for C&I customers in rural India via PPA. Comparable on Indian C&I focus and PPA-based distributed generation model.
• Sun King (Greenlight Planet): Sun King sells pay-as-you-go and financed solar systems to off-grid and C&I customers across Africa and South Asia. Directly comparable to DE on customer financing model, emerging-market solar focus, and consumer credit underwriting.
• Fourth Partner Energy: Fourth Partner Energy finances and operates rooftop and ground-mounted solar for C&I customers across India using PPA and lease structures. Closely comparable to DE on geography, customer segment, and no-upfront-capex C&I solar model.
• M-KOPA: M-KOPA provides pay-as-you-go solar and asset financing to households and small businesses in East Africa. Comparable financing-first approach and emerging-market customer base, though more retail-focused than DE's C&I focus.
• Freyr Energy: Freyr Energy delivers rooftop and ground-mounted solar for C&I and SME customers in India via PPA, lease, and loan structures. Comparable on geography, customer segment, and financing-led model.
• SunFunder: SunFunder is a solar finance marketplace connecting investors with distributed solar projects across Africa and emerging Asia. Directly comparable to DE's Marketplace and investor-platform functionality.
• Sun Exchange: Sun Exchange operates a marketplace enabling individuals and institutions to own and earn from solar cells in African projects. Closely comparable to DE on the asset-ownership investor product and Africa solar focus.
• Trine: Trine is a Sweden-based solar finance marketplace connecting retail and institutional investors with distributed solar projects in Africa. Listed as DE partner/customer but operates an overlapping crowdfunding marketplace model.
• Orb Energy: Orb Energy finances, installs, and operates rooftop and ground-mounted solar for C&I customers in India via PPA and lease. Comparable on Indian C&I focus and financing structures.
• d.light: d.light provides pay-as-you-go solar energy systems for households and small businesses across Africa and Asia. Comparable on emerging-market solar financing and customer underwriting approach.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/dedotenergy
• LinkedInlinkedin.com/company/de-energy
• Instagraminstagram.com/distributedenergy
• Xx.com/DE_dot_Energy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Distributed Energy Pte Ltd