Looking To Leapfrog the Power Grid, d.light Raises $22 Million for Solar in Emerging Markets
Wednesday, September 21, 2016
The development of mobile payment platforms, increasing options for providing debt, and cheaper and better off-grid solar power systems are presenting countries around the world with a chance to leapfrog the archaic electricity infrastructure that defined the twentieth century.
Looking to take advantage of these powerful emerging trends, d.light, a startup founded by two Stanford Business School alums, has raised $22 million in its latest round of financing.
The company was launched at the height of the first push by young entrepreneurs into renewables in the 2006-2007 timeframe.
For d.light, inspiration for its initial product came from an accident that d.light’s co-founder Sam Goldman witnessed during his time working with the Peace Corps in Benin.