30 Jun '16, 12pm

D.light Expands Its Financing Platform for Off-Grid Solar Home Systems

Solar lantern startup d.light design is licensing its pay-as-you-go financing to its partners and distributors across the globe to scale the reach of its solar lights and home systems. At over a decade old, d.light is a pioneer in the burgeoning market for off-grid solar solutions. Its most recent funding round in 2014 raised $11 million , a considerable sum at the time for off-grid solutions. Since then, companies such as Off Grid Electric and M-Kopa have raised far more, and the industry topped $200 million in financing in 2015, up from about $60 million in 2014. For now, d.light’s sales are still primarily for solar lanterns, some of which have a mobile-phone charging option; only a small fraction are solar home systems. The company has sold more than 14 million solar lanterns and about 250,000 solar home systems across more than 60 countries. The licensing of its pay-a...

Full article: http://www.greentechmedia.com/articles/read/d.light-expan...

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