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- Acumen’s Hardest-to-Reach initiative powers d.light with $5M funding
Browsing: solar financing
- With Acumen’s boost, d.light will speed up operations in Uganda, where about 2M people will access electricity for the first time.
- By selling customer receivables to Brighter Life by d.light (BLd) upfront, d.light subsidiaries now have immediate cash flow, enabling them to scale at speed.
- This funding model not only supports financial sustainability but also mitigates currency risks by conducting transactions in local currencies.
For solar-power equipment provider d.light, the journey to lighting homes across East Africa with reliable green energy is fast gaining momentum.
In the latest move, d.light has received a $5 million investment from Acumen’s Hardest-to-Reach (H2R) initiative. This funding is poised to enhance d.light’s presence in Uganda, Kenya and Tanzania.
Acumen’s investment in d.light’s multi-country receivables financing facility, Brighter Life by d.light (BLd), aims to expand energy access for underserved communities in East Africa, creating a huge impact on millions of lives.
Acumen’s H2R is a …