Bright Inc is Mexico’s #1 distributed generation solar financier. The company aims to make solar energy accessible without any initial investment, targeting the developing world, beginning in Mexico. Bright offers a distributed solar operating system that allows thousands to provide cheaper electricity to households with no upfront costs. It collaborates with project financiers, local installers, and distributors to meet the resulting demand. The company's primary market is Mexico, boasting abundant sunlight, higher electricity rates, and lower labor costs than the US. Founded in 2014, Bright Inc has garnered significant interest, with its latest $35.50M Series C investment occurring on 27 July 2023. Notably, this investment involved renowned figures such as Leonardo DiCaprio and IFU.DK, underscoring the company's appeal to a diverse set of investors. The impressive investor lineup includes First Round Capital, Y Combinator, the founders of Sunrun and Tesla, among other top Silicon Valley firms. The company operates within the Energy and Renewable Energy industries, with its headquarters based in Mexico. This signifies a strong backing from experienced and influential entities, positioning Bright Inc for further growth and impact in the renewable energy sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | $35.50M | 2 | Leonardo DiCaprio, IFU | 27 Jul 2023 |
Debt Financing | $10.00M | - | 12 Apr 2022 | |
Series B | $7.51M | - | 15 Jul 2021 | |
Series A | $6.82M | 1 | 27 Jun 2017 | |
Seed Round | Unknown | 1 | Sierra Peterson | 01 Dec 2015 |
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