Sun King Debt Financing
Amount Raised
$75M
Date Announced
Oct 27, 2021
4y ago
Disclosed Investors
4
Linked Sources
1
Sun King Debt Financing round record, dated Oct 27, 2021, amount listed $75M, 4 disclosed investors.
Anish Thakkar, Co-founder, Greenlight Planet Kenya, said: “600 million off-grid homes will spend over a thousand dollars each on smoky, carbon-emitting kerosene lamps for household light in the next decade. Many of them simply need short-term purchase financing to be able to afford one of our clean, rooftop Sun King solar systems to light their home and power appliances like their phone or a TV. This facility led by Standard Bank, Citi, Norfund and CDC will allow hundreds of thousands of off-grid families to make the switch from kerosene to clean, safe and abundant rooftop solar.”