How much did Easy Solar raise in its Debt Financing?

$5M, announced on 13 April 2022.

Who invested in Easy Solar's Debt Financing?

2 investors are named for this round: FEI-OGEF and The Currency Exchange Fund.

Funding roundDebt Financing

Easy Solar Debt Financing

Easy Solar raised $5M in a Debt Financing from FEI-OGEF and The Currency Exchange Fund. It was announced on 13 April 2022.

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1 sourceSource: SLA Funding IndexHow we verify →

Amount raised: $5M; USD
Announced: 13 Apr 2022; 4 years ago
Investors: 2

Investors in Easy Solar's Debt Financing2

FEI-OGEF
ParticipatingProfile of FEI-OGEF →
The Currency Exchange Fund
Impact Investor
ParticipatingProfile of The Currency Exchange Fund →

About this round

According to Alexandre Tourre, co-founder and CEO of Easy Solar, “Despite the challenges of a global pandemic, Easy Solar grew by more than 300% between 2019 and 2021, demonstrating the scale of the demand for energy access, reliable backup power and affordable consumer electronics in West Africa. Access to affordable local currency debt financing has been one of the main constraints to accelerating our expansion in our core markets and beyond. The partnership with FEI-OGEF will allow us to strengthen and simplify our balance sheet while bringing access to energy to hundreds of thousands of people in Sierra Leone.”

Sources for this round1

sun-connect.orghttps://sun-connect.org/easy-solar-raises-usd-5-million-to-continue-its-expansion-of-solar-systems-appliances-and-consumer-electronics-across-sierra-leone/

Frequently asked about Easy Solar's Debt Financing

How much did Easy Solar raise in its Debt Financing?: $5M, announced on 13 April 2022.
Who invested in Easy Solar's Debt Financing?: 2 investors are named for this round: FEI-OGEF and The Currency Exchange Fund.