Greenlight Planet Raises USD60 Million in Financing

Published: Dec 05 2017
Deal Summary

Greenlight Planet Inc., a provider of off-grid solar products and solar financing, has raised USD60 million in a financing. The financing was led by Apis Partners LLP’s Apis Growth Fund I, along with the participation of existing shareholders Eight Roads Ventures and Bamboo Capital Partners. Debt investments included new disbursements from the Greenlight Planet’s earliest institutional lenders, Deutsche Bank AG and Global Partnerships, as well as from SunFunder Inc., PG Impact Investments AG, responsAbility Investments AG and Social Investment Managers & Advisors (SIMA Funds).

To raise this finance, the company issued equity and debt securities. Freshfields Bruckhaus Deringer LLP acted as legal advisor to Apis Partners for the transaction.

The company intends to use the proceeds to expand its solar-energy product lines, distribution networks, and financing capabilities in Africa and Asia.

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