Husk Power Systems, a prominent supplier of decentralised solar-hybrid minigrids, and ElectriFI, the EU-funded impact investment facility overseen by EDFI Management Company, have announced that Husk has secured an extra $4 million in debt funding from ElectriFI. This follows ElectriFI’s initial investment of $6 million in September 2022. Husk’s performance, partially facilitated by ElectriFI’s initial investment, has led them to secure further investments in a Series D funding round totaling $43 million.
Husk, a distinguished clean energy firm catering to rural and peri-urban regions of Asia and Sub-Saharan Africa, received recognition in 2024 as one of Fast Company’s 50 most innovative companies globally, securing the 24th position overall and ranking first in the energy sector. Harnessing AI technology, Husk’s energy platform revolves around community solar minigrids, ensuring round-the-clock access to renewable energy for households, businesses, institutions, and small-scale factories. Additionally, the company offers various ancillary products and services, such as e-commerce and credit-backed financing for branded appliances, both for residential and commercial purposes. Furthermore, Husk provides community-driven solutions for electric mobility and enhancing the agricultural value chain.
In January 2023, Husk Power Systems received a loan worth $750,000 from the German Investment Corporation – Deutsche Investitions- und Entwicklungsgesellschaft (DEG).
