D.Light raises $50 million in debt financing

photonApril 23, 2018147

D.Light Design, a provider of off-grid solar products, raised $50 million in funding from several investors, including the European Investment Bank, Responsibility Investments, Social Investment Managers & Advisors (SIMA), Sun Funder and others. According to the company, the new investment will enable D.Light to continue »its rapid scale-up, launch new appliance and solar home system offerings, and to provide financed »Pay As You Go« solar home system products to millions of additional customers in existing and new markets.«

Founded in 2007 as a for-profit social enterprise, D.Light manufactures and distributes solar lighting and power products designed to serve people globally without access to reliable electricity. The company has already sold 19 million solar products.

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