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

Agros, a pioneer in solar-powered irrigation for the agricultural sector in Southeast Asia, has closed a US$4.25 million Series A funding round to accelerate its expansion and innovation. Co-led by long-time investors Gaia Impact, Schneider Electric Energy Access Asia, and Wavemaker Impact, the round also welcomed new investors like the Global Innovation Fund (“GIF”) – an impact-first investor backing social innovations in emerging markets. Silverstrand Capital and angel investor Steve Melhuish (PropertyGuru Founder) reaffirmed their support by joining the round. Agros expects to raise additional debt f inancing in the coming months.

Photo courtesy of Asian Development Bank.