Husk Power Systems secures additional $4 million in debt financing from ElectriFI – pv magazine India
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A solar microgrid by Husk Power Systems
Image: Husk Power Systems
Husk Power Systems, a decentralized solar-hybrid minigrid operator, announced today it has secured an additional $4 million in debt financing from ElectriFI, the EU-funded impact investment facility managed by EDFI Management Co. This builds upon ElectriFI’s initial $6 million investment in September 2022.
Rodrigo Madrazo, CEO of EDFI Management Co., “Our initial investment not only provided Husk with essential capital, but also served as a strong validation of their business model, attracting further significant investment. This is a prime example of how ElectriFI fosters innovation and unlocks commercial financing for clean energy solutions in emerging markets.”
Manoj Sinha, Co-Founder and CEO, Husk Power Systems, said the total $10 million from EDFI Management Co. will support Husk to scale its minigrid footprint in India.
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