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African Startup Funding Tracker

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Solar Energy Provider d.light Secures USD 7 Mn Equity Investment
Solar Energy Provider d.light Secures USD 7 Mn Equity Investment

OP Finnfund Global Impact Fund I has announced its USD 7 Mn equity investment in d.light, a leading innovator of solar energy products. The new funding will enable the expansion of the company’s solar and Pay-Go consumer finance business in Africa.

The company’s extensive product line ranges from extremely affordable portable solar lanterns to solar home systems that can power multiple lights, mobile phones, and small appliances, including a flat-screen television. With a strong emphasis on product quality and customer service since its earliest days, d.light has built up a loyal customer base in emerging markets.