Norfund and consortium partners invest $41 million in d.light. This will enable expansion of d.lights solar and Pay-Go consumer finance business in Africa. As of today d.light has provided solar energy to more than 88 million people in 62 countries worldwide.
d.light is a global leader and pioneer in delivering affordable solar-powered solutions designed for people without access to reliable energy in the developing countries.
Increased equity funding
On the 17th of December 2018, d.light announced an additional equity investment of 41 million USD made by a Consortium consisting of Norfund/ KLP, Inspired Evolution, Swedfund and the Dutch Development Bank FMO. This latest funding brings the total amount of equity and debt that d.light has raised in the past two years to over US$100 million and will enable expansion of the company’s solar and Pay-Go consumer finance business in Africa. Read press release from 17th December 2018 here. With this additional funding, Norfund's total investment in d.light is 5 million USD.
Award-winning solar solutions
d.light’s product line ranges from affordable portable solar lanterns to solar home systems that can power multiple lights, mobile phones, and small appliances, including a flat-screen television. Their solar solutions have won multiple international awards for innovation and design and they are sold through more than 30,000 outlets around the world.
With a strong emphasis on product quality and customer service, d.light has built up a loyal customer base in emerging markets and sells hundreds of thousands of units per month. Its pay-go financing system has among the lowest delinquency rates in the industry. The company is led by a strong team of experienced, internationally recognized leaders and committed, talented local staff.