Off Grid Electric Raises $25M to Help Power a ‘Solar Revolution’ in Africa
The popular SolarCity leasing model moves into the African continent. October 22, 2015 By Jennifer Runyon Chief Editor 102 38 5 DBL Partners, the same venture capital fund that supported SolarCity for many years, has led the largest venture capital funding for distributed energy in Africa. Off Grid Electric announced today that it raised $25 million in a Series C investment. Off Grid Electric, based in California and Tanzania, is installing solar in over 10,000 homes and businesses per month with what it calls “its radically affordable solar leasing platform.” The company designs, manufactures, sells, installs and services solar home units in Tanzania and is announcing tod...