Tag: #GreenLightPlanet

Sun King Parent Firm Greenlight Planet Raises $60M to Finance its Off-Grid Solar Business in Africa

Sun King Parent Firm Greenlight Planet Raises $60M to Finance its Off-Grid Solar Business in Africa

Broadband, Business
Sun King solar brand’s parent firm Greenlight Planet has raised $60m in equity and debt led by London-based private equity fund manager Apis Partners with participation from existing shareholders Eight Roads Ventures and Bamboo Capital Partners. Debt investments included new disbursements from the company’s earliest institutional lenders, Deutsche Bank and Global Partnerships, as well as from SunFunder, PG Impact Investments, responsAbility and SIMA Funds. Greenlight Planet says it will use the new debt and equity capital to expand its solar-energy product lines, distribution networks, and financing capabilities in Africa and Asia.There, over a billion people lack reliable access to electricity, finding it too expensive or unavailable. According to Patrick Walsh, Co-Foun