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A solar startup with roots at the University of Illinois just raised $90 million to sell electricity kits to people in sub-Saharan Africa and South Asia.
Greenlight Planet, the maker of Sun King solar-powered, pay-as-you-go electricity kits, raised its new debt and equity funding from investors such as CDC Group, FMO and Norfund. ResponsAbility, SIMA Funds, Symbiotics, Global Partnerships and ARCH Emerging Markets Partners’ Africa Renewable Power Fund also participated.
