Husk Power Systems Funding Round

10/24/2023

Debt
Venture Equity

$103,000,000

Series D

Husk Power will also use this new financing to increase its mini-grid footprint to 1,500 across Africa and India. According to Sinha, two-thirds of the financing will be dedicated to growing its Sub-Saharan Africa footprint to bring the number of mini-grids in the region on par with what has been deployed so far in India.

Private & Independent

Energy & Battery

2nd Floor, Sai Tower, New Dak Bunglow Road Patna
Patna, Bihar, 800001
IN

Undisclosed

Today, most people in rural areas have access to some form of expensive and polluting energy products and services like kerosene lanterns and diesel gensets. A smaller number have access to expensive solar home systems, providing limited DC power for lighting and cell phone charging over a few hours each day. This leaves a major gap. Households cannot afford to buy large enough Solar Home System or Diesel Genset that could power off-the-shelf high quality appliances, such as refrigerators, freezers or water purification units. Meanwhile local enterprises - shops, rice mills, welders - have no access to reliable three-phase AC that enables major improvements in productivity and cost-efficiency.