D.Light Design receives $6 Million in series A financing

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New Delhi: D.light Design has announced it has secured $6 million in Series A financing led by Nexus India Capital, along with Draper Fisher Jurvetson, Garage Technology Ventures, the Mahindra Group, and social funds Acumen Fund and Gray Matters Capital. The same team of investors provided seed funding for D.light when it was founded over a year ago with the mission to bring clean, safe, and affordable light to 1.6 billion people living without electricity. D.light aims to eradicate the kerosene lantern and provide much brighter light for millions of households in the developing world through innovative solar and LED technologies. Earlier this year, D.light introduced several product series of AC and solar-chargeable LED lighting products, designed for the families living at the lower rung of the society. The products feature multiple brightness settings, fast-charging capabilities, and are designed to withstand the challenging environments in which D.light customers live. The products are being sold in India and Africa, with market tests ongoing throughout the world. This funding allows the Silicon Valley social enterprise, now based in New Delhi, to continue to scale quickly to meet the worldwide demand for off-grid modern lighting. The staff team has already grown exponentially into a multi-national team of product designers, engineers, and sales personnel. In the coming months, D.light will grow its manufacturing and distribution capacity to make a lasting dent in the global problem of dangerous and polluting fuel-based lighting.

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