d.light raises $15M to distribute its solar lighting kits
21 Oct 2021

Ready full original article from Afrik21 here

Solar kit provider d.light is once again raising funds. This round led by Inspired Evolution has raised $15 million from several investors.

As part of its expansion strategy, solar kit provider d.light is raising funds; it’s second since the beginning of the year. This time, the San Francisco-based company (in the United States of America) has secured $15 million in a funding round organized by Inspired Evolution. The investment company participated in this financial mobilization through its Evolution II fund.

Funding was also raised from a number of financial institutions including the Netherlands Development Finance Company (FMO), Norwegian Investment Company Norfund and Swedfund, the Swedish government’s financial institution. Shell New Energies also participated in d.light’s fundraising alongside KawiSafi Ventures, an impact fund dedicated to East African countries.