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Patient Capital for Energy Access
Managed by SELCO
SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.
Selco Energy Access Fund is a SEBI-registered Category I (Social Venture) Alternative Investment Fund managed by SELCO Solar Light Private Limited, the pioneering Bangalore-based rural energy enterprise founded in 1995 by Dr. Harish Hande. SELCO Solar Light has spent nearly three decades proving that sustainable energy solutions can be commercially viable for India's poorest households, installing over 450,000 solar systems across Karnataka, Kerala, Maharashtra, Bihar, Tamil Nadu, and Andhra Pradesh. The Selco Energy Access Fund is fundamentally different from conventional impact funds: its mandate is to provide patient capital to energy access entrepreneurs and enterprises in Tier 2–6 cities and rural India — founders who are typically overlooked by mainstream investors due to barriers of language, education, culture, or geography. The fund invests in early-stage and seed-stage enterprises providing sustainable energy services to underserved populations, prioritising social returns alongside financial sustainability. SELCO Foundation (the non-profit arm) provides ecosystem support, and the fund draws on SELCO's extensive grassroots network and 25+ years of field experience as a competitive advantage for deal sourcing and portfolio monitoring.
Dr. Harish Hande
Founder & MD, SELCO Solar Light Pvt. Ltd.
Dr. Harish Hande is the founder of SELCO Solar Light Pvt. Ltd. and a globally recognised social entrepreneur. An IIT Kharagpur alumnus with a PhD from the University of Massachusetts, he established SELCO in 1995 with ₹15,000 in seed capital to deliver affordable solar energy to rural India's poorest households. SELCO has since installed over 450,000 solar systems. Dr. Hande was awarded the prestigious Ashden Award (the 'Green Oscars') twice — in 2005 and 2007. He is widely credited with disproving three myths: that the poor cannot afford, maintain, or sustain commercial energy enterprises.
Mohan Bhaskar Hegde
CEO, SELCO Solar Light Pvt. Ltd.
Mohan Bhaskar Hegde is the CEO of SELCO Solar Light Pvt. Ltd., leading the company into its 30th year of operations. He oversees SELCO's commercial solar enterprise operations across six states in India and steers the company's mission of delivering last-mile energy access.
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