Greenlight Planet raises $10 million in funding round led by Fidelity Growth
- Livemint" target="_blank">Livemint
- February 5, 2015
Mumbai: Greenlight Planet Inc., a firm focused on providing solar energy solutions to off-grid consumers in India, on Wednesday said it has raised $10 million in a funding round led by Fidelity Growth Partners India.
The firm sells solar lighting and phone charging solutions under the Sun King brand. Apart from India, Greenlight also sells its products in sub-Saharan Africa. Since its inception in 2007, the firm has sold almost 3 million such devices, the firm said.
“As a result of this financing, we’re building the world’s largest rooftop solar consumer base in emerging markets, and we’re investing especially to expand distribution in India and Southeast Asia,” said Anish Thakkar, co-founder and chief executive at Greenlight.
The company expects to reach 100 million off-grid households by 2020.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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