What is d.light?
d.light designs and retails affordable solar-powered solutions for individuals in the developing world lacking access to reliable energy. Founded in 2007 and headquartered in Palo Alto, California, d.light addresses a critical need for sustainable and accessible energy, positioning itself as a key player in the global transition towards cleaner power sources. The company's mission is to bring quality, affordable solar products to people who need them most, thereby improving lives and fostering economic development.
How much funding has d.light raised?
d.light has raised a total of $1.4B across 15 funding rounds:
Grant
$5.5M
Private Equity
$5M
Unspecified
$41M
Private Equity
$10M
Unspecified
$15M
Debt
$50M
Other Financing Round
$30M
Debt
$176M
Other Financing Round
$1B
Grant (2017): $5.5M led by Shell Foundation and Beyond the Grid
Private Equity (2017): $5M supported by Norfund
Unspecified (2018): $41M featuring Inspired Evolution, Swedfund, and Norfund
Private Equity (2021): $10M backed by Proparco
Unspecified (2021): $15M with participation from Inspired Evolution, Shell New Energies, Swedfund International, KawiSafi Ventures, and Norfund
Debt (2022): $50M led by Trade and Development Bank of Mongolia, Fmo, and SunFunder
Other Financing Round (2023): $30M supported by TDB Group
Debt (2024): $176M featuring African Frontier Capital
Other Financing Round (2025): $1B backed by African Frontier Capital and Mirova
Key Investors in d.light
African Frontier Capital
African Frontier Capital (AFC) is an impact investing company focused on distributed renewable energy assets in Africa, aiming to enhance financial inclusion for underserved populations.
Mirova
Mirova is an asset management company specializing in investment solutions that merge financial performance with environmental and social impact, serving institutional and retail investors globally.
Nexus Venture Partners
Nexus Ventures Partners is a venture capital firm that specializes in seed, startup, growth capital, and early-stage investments, founded in 2006.
What's next for d.light?
With substantial backing, d.light is poised for accelerated growth and expanded market reach. The company's strategic investments will likely fuel further innovation in solar technology and distribution networks, enabling them to serve a larger customer base. Continued focus on impact investing and sustainable energy solutions suggests d.light will remain at the forefront of addressing energy poverty and climate change, potentially exploring new product lines or geographical expansions to solidify its leadership position.
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