Greenlight Planet Inc., a company that designs and distributes solar-powered lanterns to villagers in rural India and Africa, closed a $4m investment round.
Backers include Bamboo Finance and Dr. P. K. Sinha, Co-Founder of ZS Associates.
The company intends to use the funding to expand its model nationwide in India, grow its global partnerships, and innovate the energy products specifically designed for rural consumers.
Greenlight Planet designs its Sun King™ brand solar lanterns with a focus on durability, and distributes the lights through a growing direct-sales force comprised of local community members.
In conjunction with the funding, Mr Keith Allman from Bamboo Finance joins on the company’s board of directors which is currently composed of Dr. P. K. Sinha and the founders, Mayank Sekhsaria, Anish Thakkar, and T. Patrick Walsh.