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FMO backs Husk Power System’s minigrid expansion

ImpactAlpha, October 6 – Husk is a veteran of off-grid energy. The 12-year-old company, once known for biomass energy plants in India’s remote communities, is now a solar minigrid developer in Africa as well.  A new commitment of $5 million from FMO, the Dutch development bank, will help Husk expand from its five-megawatts of installed

Sweden’s Einride raises $10 million to green freight transit

ImpactAlpha, October 1 – Heavy transport accounts for 30% of transport-related carbon emissions and 7% of total global carbon emissions. Pandemic-related disruptions to global logistics exposed the transport sector’s vulnerability.  Einride’s freight management platform integrates electric and autonomous vehicles to move commercial products. Partners include plant-based dairy company Oatly and European grocery chain Lidl.  Impact

BestDoc secures $2.1 million amid India’s digital healthcare expansion

ImpactAlpha, October 1 – The challenge of universal healthcare access for India’s uninsured rural poor has been made starkly clear by the COVID crisis. The country’s six million cases ranks second in the world. (The U.S., with a quarter of India’s population, is No. 1, with more than seven million cases.) Entrepreneurs and investors are

Greenhouse venture AppHarvest will reach the Nasdaq before its tomatoes reach consumers

ImpactAlpha, September 30 – High-tech greenhouse grower AppHarvest, which will go public via an acquisition by Novus Capital Corp., ticks the boxes for high impact and high profile. High-tech, sustainable agricultural production. Coal-country job creation. Bold-faced investors and board members like Martha Stewart, Narya Capital’s J.D. Vance, Lupa Systems’ James Murdoch, Inclusive Capital’s Jeffrey Ubben

Beneficial Returns backs alt-leather manufacturer Ananas Anam with impact-linked loan

ImpactAlpha, September 23 – Ananas Anam, a woman-led enterprise in the Philippines, buys pineapple leaf waste from farmers and converts it into a textile called pinatex that can be used as a leather substitute. The company’s purchases of agricultural waste boost incomes for smallholder farmers.  A loan from Beneficial Returns will enable the company to

Green Monday raises $70 million to ramp up alt-protein in Asia

ImpactAlpha, September 23 – Hong Kong-based Green Monday is making multiple bets on Asia’s shift to a plant-based diet. The holding company owns alt-pork company OmniPork, as well as Green Common, a grocery store chain that distributes plant-based products.  Green Monday is “one of the first movers in Asia within the rapidly growing global plant-based

Greenlight Planet raises $90 million to bring off-grid solar to new energy users

ImpactAlpha, September 22 – Africa and Asia’s off-grid solar sector has been on an upmarket march in recent years, shifting away from individual households to small commercial or community solar users. But a new $90 million funding round for Greenlight Planet signals that investors are still committed to emerging markets’ first-time and low-income solar energy consumers.