Tuesday, January 17, 2017

d.light Gets $10.5M More For Solar Lighting

San Francisco-based d.light, which develops solar lighting and power for the developing market, has raised $10.5M more in funding, according to the company. The company said the new funding includes $5M in equity from Norfund, plus $5.5M in grant funding from Beyond the Grid and Shell Foundation. The company says it has now raised $40M in the last four months, including $22.5M in a Series D and $7.5M in debt. d.light develops solar powered lantern and power systems being used in such developing markets as Kenya and India, which are aimed at providing off-grid power to low-income families in Africa and Asia. Ned Tozun is CEO of d.light, which also has operations in Nairobi and New Delhi.