Easy Solar lands equity/debt mix from Acumen and others

Easy Solar has landed a mix of equity and debt capital from three investors which it will use to scale its off-grid solar business in Sierra Leone and Liberia. The investment is made up of $3 million of equity (for Easy Solar’s Series A round) which is being made by Acumen and FMO and an additional $2 million debt facility provided by Trine. No additional terms of the deal were provided.

The company was launched in 2016, since when it has served 400,000 people and created more than 500 clean energy-related jobs. Customers can buy products ranging from solar lanterns for lighting and mobile charging, to pico solar home systems with appliances like TVs and fans, to kW-sized systems designed for residential, commercial, and industrial use. Easy Solar’s management is focused on scaling up the company’s commercial and industrial (C&I)operations in response to the growing demand for energy in offices, farms, factories, schools, and hospitals across West Africa.


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