d.light Raises $41M to Finance Its Growing Solar and Appliance Business
30 Jan 2019

Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, led a $41 million equity investment by its Evolution II Fund and other consortium partners into d.light, which manufactures and distributes award-winning solar lighting and power for the developing world, with the goal of reaching 100 million people by 2020.  Evolution II invested $18 million alongside $10.6 million from the Dutch Development Bank FMO, $7.5 million from Swedfund and $5 million from Norfund.

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