In this case study we learn how a prominent EPC in India leveraged the Odyssey platform to access credit to procure batteries and BOS for both C&I and mini-grid projects.
Customer Overview
Client is a prominent EPC company, delivering mini-grid and C&I solutions to weak-grid communities and businesses across Asia and Africa.
Challenge
Although the client recently secured $100 million in debt and equity at the group level, its India operations continue to face working capital shortages due to a rapidly expanding order book of Commercial & Industrial (C&I) projects and external delays in completing project conditions for funding.
Solution
- Leveraging the Odyssey platform, the client efficiently procured batteries and battery optimization systems (BOS) with two parallel lines of credit totaling $2M, one for mini-grid projects, secured against general collections and a second for C&I projects, secured against project specific receivables.
Benefits
- The client found the credit terms and timeline offered by Odyssey highly suited to their project needs.
- The company plans to substitute its working capital loans with Odyssey’s supply chain credit and has requested a total credit limit of $8 million for its business growth in H1 2025.
Learn more about supply chain credit and procurement solutions through the Odyssey platform.
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