January 19

Loom Solar Raises $2 Million Funding from SIMA Funds

Loom Solar has raised $2 Million funding from US based Social Investment Managers and Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC and others.

The funding will support Loom Solar to achieve its goal of powering millions of homes in India in the medium term through sustainable solar energy.

Loom Solar has been developing its capacity, continuously innovating, and building new product portfolio, and building a stronger brand and a deep distribution network across India.

Photo courtesy of Knut-Erik Helle.

Source: Energetica India (link opens in a new window)

distribution, innovation, renewable energy, solar