Off Grid Solar company ‘D.Light’ has secured $18 million funding from a group of investors and two responsAbility-managed funds SunFunder, and DWM and SIMA. They plan to leverage the fund to deepen their pay-as-you-go services across Africa.
@dlightdesign has just secured $18M of funding to continue to accelerate our rapid pay-go growth. We are thankful for the continued support of our amazing funding partners to enable us to create a brighter future for the families we serve.
Read more https://t.co/FupgGz1c6h pic.twitter.com/m5NRyA2QcI
— d.light design (@dlightdesign) July 2, 2019
See also: Max.ng secures $7 million, Expands to Ghana & Ivory Coast
D.Light has offered over 100 million people access to clean reliable energy through a pay-as-you-go payment solution since 2007. They have generated about 171 GWh of renewable energy through their business offering process. They have operations in Africa, Asia and the US.
According to Ned Tozun, CEO and Co-founder of D.Light, this investment reinforces the ‘‘catalytic role’’ of the company towards providing clean, reliable solar energy solutions via the pay-as-you-go business model that enables off-grid customers to pay in affordable instalments through various mobile payment options.
He also said they require tangible amounts of capital to enable them to provide more efficient financial plans for their customers even as they grow as a company. He revealed that they are thankful for the continued support of their funding partners which has enabled them to create a brighter future for the people they serve.
Through this newly secured fund, the solar firm plans to expand its product offerings, break into new markets in Africa and bring more consumers onboard. This process will further accomplish D.Light’s mission to make clean energy products available and affordable globally.
Comments 1