Husk Power Systems, a provider of decentralized solar-hybrid minigrids, has secured an additional $4 million in debt financing from ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company. This follows ElectriFI’s initial $6 million investment in September 2022. ElectriFI’s continued support reflects Husk’s strong performance in meeting its impact targets and executing its operational goals. Husk’s success, partly enabled by ElectriFI’s initial investment, also attracted additional investments totaling $43 million in a Series D capital raise. Husk delivers clean electricity to remote communities and businesses in rural India. ElectriFI is confident this additional investment will empower Husk to expand its reach.
Husk Power Systems secures $4 million debt from ElectriFI
ElectriFI is backing Husk Power Systems’ expansion, investing $4 million, after an initial $6 million investment. (Image Credit: Husk Power Systems)
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