Express
South African Solar Power Leasing Platform Raised $4 Million
Summary: South African P2P solar leasing platform Sun Exchange announced on June 8 that the company received $3 million investment from Africa Renewable Power Fund of ARCH Emerging Markets Partners. The new investment closed up the Series-A funding round at $4 million.
South African P2P solar leasing platform Sun Exchange announced on June 8 that the company received $3 million investment from Africa Renewable Power Fund of ARCH Emerging Markets Partners. The new investment closed up the Series-A funding round at $4 million.
Sun Exchange will use the money to enhance its software’s performance and develop solar powering schools, clinics, farms, water plants, businesses, and more, over Sub-Saharan Africa.
According to Cointelegraph, international customers can purchase remote solar cells from Sun Exchange with BTC or South African Rand to apply them to businesses.
By Dawn Wu
Tags: Solar Power,South Africa,Sub-Saharan Africa
Link: South African Solar Power Leasing Platform Raised $4 Million [Copy]
