NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

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.