d.light, pay-as-go solar system manufacturer and financier which brought solar power to nearly 100 million people without access to reliable electricity since 2007 has raised $18 million investment to expand its operations across Africa.
The firm operates in Kenya, Uganda, Tanzania, Ethiopia and Nigeria and the additional funding will enable the company to expand its product line, enter new markets and reach even more customers in Africa.
The investment was from a consortium of lenders including two responsAbility-managed funds, SunFunder, DWM and SIMA. d.light has already using pay-as-you-go financing solutions and generating 171 GWh of renewable energy in the process.
(picture source: techmoran)