Greenlight Planet, a Chicago, IL, US-based company that distributes solar energy products for off-grid homes in emerging markets, raised $5m in 3rd round of financing.
The round was led by Overseas Private Investment Corporation (OPIC).
Founded in 2007 by Anish Thakkar, CEO, Greenlight Planet delivering affordable energy to the world’s 1.2 billion off-grid consumers selling over 4.5 million Sun KingTM Solar lighting and phone charging devices. Today, it has 400+ village direct sales agents located across India, Kenya and Uganda and 200+ full-time employees across 11 offices in the United States, Africa, India and China.
The company will use the funds to continue to scale operations worldwide. To do this, they are planning to integrate Angaza’s Pay-As-You-Go technology into upcoming Sun KingTM products through a consumer financing program called Sun King Easy BuyTM.
Greenlight Planet previously received seed funding from Mr. Prabhat Sinha, a co-founder of ZS Associates, followed by a Series A funding led by Bamboo Finance and a Series B funding from Fidelity Investments.