Tuesday
December 18
2018

Solar products maker d.light raises $41 million from African investment firm, others

d.light Design Inc., a San Francisco-based solar lighting and power products maker with operations in India, has raised $41 million (about Rs 294 crore) in equity funding from a consortium led by Inspired Evolution, an Africa-focused investment advisory firm specialising in the energy sector.

The other members in the consortium include the Dutch development bank FMO, as well as government-sponsored investment funds Swedfund and Norfund, a company statement said.

 

Source: VC Circle (link opens in a new window)

Categories
Energy, Entrepreneurship, Investing
Tags
impact investing, renewable energy, solar energy, venture capital