The company, which already has 30,000 points of sale, wants to conquer new markets. The equipment is distributed through a pay-per-use system widely used by solar kit providers in Africa. The company co-founded by Ned Tozun and Sam Goldman combines its lighting kits with other equipment such as televisions and cell phones. Its equipment is having a real impact in Africa, where nearly 600 million people still lack access to electricity. The company distributes solar-powered lighting equipment ranging from solar home systems to solar lanterns. Read also- AFRICA: Proparco invests $10M in solar kit supplier d.light With $25 million raised in a few months, d.light intends to finance the expansion of its activities in its main markets, particularly in Africa south of the Sahara. The funds raised are in addition to the $10 million obtained in May 2021 from Proparco, the subsidiary of the French Development Agency (AFD) group responsible for private sector financing. Shell New Energies also participated in d.light’s fundraising alongside KawiSafi Ventures, an impact fund dedicated to East African countries. The investment company participated in this financial mobilization through its Evolution II fund.įunding 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.

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. As part of its expansion strategy, solar kit provider d.light is raising funds it’s second since the beginning of the year.

Dlight solar lamp