Husk Power Systems is a leading distributed utilities startup, founded in 2008, with a focus on providing reliable and affordable power to rural communities entirely from renewable energy sources. The company's innovative approach includes a flexible "pay-as-you-go" energy service, utilizing a mobile-enabled smart metering system. This allows Husk to meet the growing energy needs of its customers, including households, community services, and productive uses, while ensuring affordability. With its grid-compatible solution, the company can effectively support national electrification plans. The recent $20.00M Debt Financing investment from the European Investment Bank in March 28, 2024, signifies confidence in Husk's potential to continue making a meaningful impact in the Renewable Energy and Energy Efficiency sectors. Husk Power Systems demonstrates a strong vision for empowering rural communities and businesses, aligning with the increasing global focus on sustainable energy solutions.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $20.00M | 1 | European Investment Bank | 28 Mar 2024 |
Series D | $43.00M | 6 | 24 Oct 2023 | |
Debt Financing | $60.00M | 2 | European Investment Bank | 24 Oct 2023 |
Debt Financing | $750.00K | 1 | 09 Jan 2023 | |
Debt Financing | $6.00M | 1 | 15 Sep 2022 |
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