Greenlight Planet closes $60 million for off-grid solar expansion



The company is one of the largest pay-as-you-go solar providers, selling its Sun King line of solar products to five million off-grid households in 62 countries.

U.K.-based private equity firm Apis Partners led the debt-and-equity funding as an equity partner with Eight Roads Ventures and Bamboo Capital.

The debt portion includes commitments from Deutsche Bank, Global Partnerships, SunFunder, PG Impact Investments, responsAbility and SIMA Funds.

Greenlight is expanding its distribution and financing network as well as its product line, which includes home energy systems, lighting, phone chargers, radios, fans and soon, televisions.

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