Nithio’s Investment and Impact
Nithio is excited to announce a debt investment in d.light, an industry-leading manufacturer and distributor of solar products across Africa and India. d.light has been at the forefront of providing clean, accessible energy in developing countries over the last 16 years. Nithio’s loan helps the company push towards its goal of impacting 150 million people by fiscal year 2024 and 1 billion people by 2030 through its sustainable energy products.
“Nithio is excited to support d.light’s product growth, delivery expansion, and continued impact.”
-Kate Steel, Nithio CEO
Nithio’s financing will help d.light expand in existing and new markets through product innovation and refine and scale its route-to-market execution and operations to derive maximum efficiency. It will also enable d.light to grow its distribution channels to promote their flexible financing options across Sub-Saharan Africa.
“The loan will enable d.light to grow our product range, and broaden our impact as we journey to Transform 1 Billion Lives by 2030. The Nithio team has been amazing to work with – flexible, practical, and fast. We look forward to a long and fruitful partnership together.”
-Ned Tozun, d.light CEO
d.light’s Innovation and Growth
Founded in 2006, d.light is one of the largest solar distribution networks worldwide. Its model provides sustainable energy and financing to customers around the world and has resulted in the following:
- Impacted more than 125 million lives across 70 countries in the past 12 years while offsetting 26 million tons of CO2.
- Over 5,000 sales agents, more than 650 distribution partners, a 17 million MFI member base, and over 9,000 African retail outlets.
- Solar more than 25 million products worldwide, including solar lanterns, solar home systems, TVs, and radios.
- Recently branched out into affordable mobile devices, offering 3G and 4G smartphones on pay-as-you-go basis.
About Nithio
Nithio is an AI-driven platform for clean energy investment. The company has standardized credit risk assessments to catalyze billions of dollars of capital into solutions that address climate change and help achieve universal energy access. Nithio does so by lending directly to the off-grid solar sector as well as supporting other investors to scale their investments by better understanding consumer credit risk. Learn more at www.nithio.com.
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