Sun King

Sun King Debt Financing

Funding Round
Sun King•October 27, 2021•4y ago

Amount Raised

$75M

Date Announced

Oct 27, 2021

4y ago

Disclosed Investors

4

Linked Sources

1

Sun King Debt Financing round record, dated Oct 27, 2021, amount listed $75M, 4 disclosed investors.

Notes

Anish Thakkar, Co-founder, Greenlight Planet Kenya, said: “600 million off-grid homes will spend over a thousand dollars each on smoky, carbon-emitting kerosene lamps for household light in the next decade. Many of them simply need short-term purchase financing to be able to afford one of our clean, rooftop Sun King solar systems to light their home and power appliances like their phone or a TV. This facility led by Standard Bank, Citi, Norfund and CDC will allow hundreds of thousands of off-grid families to make the switch from kerosene to clean, safe and abundant rooftop solar.”

Disclosed Investors (4)
Standard Bank

Corporate Venture Capital

Norfund

Private Equity

Citi

Venture Capital

CDC Group

Venture Capital

Record Details
Date announced
October 27, 2021
Round
Debt Financing
Amount raised
$75,000,000
Pre-money valuation
—
Post-money valuation
—
Disclosed investors
4
Lead investors
0
Linked sources
1