Off-grid solar company Sun King raises $260m

Issue 460 - 16 May 2022

Sun King – the rebranded Greenlight Planet – has raised $260m in a funding round. The series D round attracted major private institutional investors. The fundraising was seen by some observers as a vote of confidence in the solar home system industry, which has suffered negative press in recent months over alleged sharp business practices and continues to face questions about the sustainability of business models.

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