d.light secure $11 million to expand operations globally

Shell Foundation partner d.light announced the completion of $11 million in Series C funding this March to take its business to a new phase of growth.

With six million solar lanterns now in homes across 60 countries, d.light has become the world’s leading manufacturer and distributor of low-cost solar solutions – proving an ability to serve strong rural demand for off-grid decentralised power. The business now sells over half a million lights each month.

d.light has built an extraordinary distribution system ... they are the clear leader in a rapidly growing market

Mohanjit Jolly, MD, Draper Fisher Jurvetson

d.light’s track-record and high growth potential attracted equity investment and social finance from a range of investors including Draper Fisher Jurvetson, Omidyar Network, Gray Ghost Ventures and Acumen Fund. This means d.light has now raised a total of $40 million in growth capital to-date.

“We see an enormous growth opportunity to provide clean, affordable solar light and power products to the relatively untapped markets of the developing world," said Mohanjit Jolly, a managing director at Draper Fisher Jurvetson.

“d.light has built an extraordinary distribution system in the developing world with its innovative technology and products. They are the clear leader in a rapidly growing market."

d-light_children-in-India-(3).jpgShell Foundation and d.light have been strategic partners since 2009, and to-date our work together has provided safer, cheaper and brighter lighting to more than 30 million people from low-income communities.

This additional funding will enable the company to continue to accelerate its product technology roadmap, expand its distribution in developing markets, broaden its services, and aggressively pursue new opportunities as they seek to improve 100 million livelihoods by 2020.

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