The company raised $5m in equity from new investor Norfund, as well as $5.5m in grant funding from Beyond the Grid and Shell Foundation.
d.light, which recently raised $22.5m in Series D funding and $7.5m in debt funding, intends to use the funds to expand operations and bring clean off-grid power to low-income families in Africa and Asia, using Pay-as-you-Go (PayGo) financing solutions.
Founded in 2007 as a for-profit social enterprise and led by Ned Tozun, CEO, d.light sells solar light and power products in 62 countries in Africa and Asia. to serve the more than 2 billion people globally without access to reliable electricity.
FinSMEs
16/01/2017