Sun King, the largest provider of solar-energy products for off-grid homes in Africa and Asia that was formerly known as Greenlight Planet, has raised $260 million in series D funding.
The $260 million financing includes $100 million in primary investment for Sun King's continued expansion. The funding round was led by BeyondNetZero, the climate-investing venture of General Atlantic, along with M&G Investments' Catalyst team and Arch Emerging Markets Partners.
“This investment in Sun King marks an incredible inflection point for the global off-grid solar industry,” said Patrick Walsh, co-founder and CEO of Sun King. “Over the last 15 years, we have delivered solar energy and light to over 82 million people, enabling kids to study for school, helping entrepreneurs run small businesses, and allowing families to power their lives, free from the danger and high cost of kerosene lanterns. This landmark investment allows us to continue scaling our technology, servi