Sun King Raises $260 Million to Widen Clean Energy Access in Africa, Asia
By Annie Njanja
One of the largest solar companies in Africa and Asia, Sun King, has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents.
Sun King (formerly Greenlight Planet) plans to use $100 million to expand its pay-as-you-go solutions and introduce larger setups that are capable of powering appliances like refrigerators. Its current systems can power lights, mobile phones and small home appliances like TVs. Part of the funding will be used to expand the business’ presence.
The company was founded in 2007 by T. Patrick Walsh (CEO) and Anish Thakkar. It has sold its products in over 40 countries including Kenya, one of its first markets, where it reports to have benefited 18 million people over 10 years of operations. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year.
Source: TechCrunch (link opens in a new window)
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