Solar Panda secures US$8M in Series A funding
Summary
Since its inception, Solar Panda has focused on achieving dual goals of making a meaningful social impact and building a profitable, sustainable business. Im very proud of the growth and success our team has achieved over the past 4 years, and with nearly 1 billion people in the world without access to electricity, we feel we are just getting started. Through this co-investment with Oikocredit, we aim to support the company in its next stage of development and realize its full potential.Solar Panda, headquartered in Canada and Nairobi, is on a journey to give every household access to solar energy to light their home, improve their health, charge their mobile phone, and provide a window to the world through radio and TV. Launched in 2017, Solar Panda has grown quickly due to its high-quality products, affordable pricing, excellent customer service, and direct sales strategy. For more information: www.electrifi.eu.Social impact investor and worldwide cooperative Oikocredit has 45 years of experience funding organisations active in financial inclusion, agriculture and renewable energy.Oikocredits loans, equity investments and capacity building aim to enable people on low incomes in Africa, Asia and Latin America to improve their living standards sustainably.Oikocredit finances over 500 partners, with total development financing capital outstanding of 1,015.2 million (at 31 March 2022).For more information or to request an interview, please contact Brett Bergmann at media@solarpanda.com or at www.solarpanda.com.