Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec - Mercom India

Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec - Mercom India

  • Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec.
  • In 2018, Trirec was joined by Insitor Impact Asia, Bee Next, and a group of Singapore-based family offices when it invested $4.2 million in SolarHome in a convertible note offering, including the Japanese cross-border crowdfunding platform Crowd Credit.
  • This current funding is a follow-on financing that's a part of Solar Home's Series A.
  • The company says it has installed over 30,000 solar home systems in the country, adding that it aims to reach up to 100,000 home installations by the end of 2019.


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