January 17, 2017 IBOMLLC Team

d.light a Kenyan Solar Startup has secured $10.5 million funding to Scale Up Operations in Africa and Asia

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

A Nairobi-based social enterprise, d.light, which manufacturers and distributes solar power lighting products has managed to raise $10.5 million funding. The funds will go towards expanding the startup’s operations into new markets in Africa and Asia.

The startups was founded back in 2006, and currently boasts of sales of hundreds of thousands of units per month. The company says that despite the fact their orders have picked up, they can still be able to produce excellent standards of quality products on a mass scale.

By August, 2016 the company’s products had impacted some 65 million people with solar powered lighting and home systems. The company has a goal of impacting at least 100 million lives by the year 2020, and it seems to be well on its track to achieving that target.

d.light has five distributions hubs based in East and West Africa, Southeast Asia, India, and the U.S. In 2016, d.light successfully raised $7.5 million in debt financing, funds that were used to produce a new products into the market. The products included a solar-powered TV. It got an additional $22.5 million to expand its …read more

Read more here:: d.light a Kenyan Solar Startup has secured $10.5 million funding to Scale Up Operations in Africa and Asia

      

IBOM LLC

We're passionate about your business and we only offer the best solutions.