Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec - Mercom India
28 April 2019 11:19 PM GMT
Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec.
- Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec.
- In 2018, Trirec was joined by Insitor Impact Asia, Bee Next, and a group of Singapore-based family offices when it invested $4.2 million in SolarHome in a convertible note offering, including the Japanese cross-border crowdfunding platform Crowd Credit.
- This current funding is a follow-on financing that's a part of Solar Home's Series A.
- The company says it has installed over 30,000 solar home systems in the country, adding that it aims to reach up to 100,000 home installations by the end of 2019.
Next Story
