Bihar, India-based Husk delivers mini-power grids in rural India and East Africa.
Its technology uses solar, biogas and batteries. Shell Technology Ventures, French utility ENGIE’s impact investment fund, and the Swedish development finance institution Swedfund International backed the $20 million equity round.
Husk originally made biogas systems powered by rice husks, but in 2013 changed its model (paywall) to focus on solar hybrid mini-grids. Acumen, a nonprofit impact investment fund, was an early backer.
Husk Power aims to install 300 mini-grids in India and Tanzania in the next four years, serving 100,000 people.