- Sun King acquires $260 million in Series D funding.
Sun King has announced the acquisition of $260 million in Series D funding. The activity was organised by BeyondNetZero, the climate investing venture of General Atlantic, a global growth equity firm, along with M&G Investments’ Catalyst team and Arch Emerging Markets Partners.
The financing includes $100m in primary investment for Sun King’s progressive geographic expansion. The funds will also be allocated towards product-line expansion, including larger solar systems equipped with AC-electricity inverters (capable of powering larger appliances like refrigerators) and new products such as mobile phones.
Formerly referred to as Greenlight Planet, Sun King provides solar energy products for off-grid homes in Africa and Asia.