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India Digest: Blue Planet receives $35m funding; Hero MotoCorp ups stake in Ather; Farmley raises $6.7m

Blue Planet has  received a $35 million investment from The Investment Fund for Developing Countries (IFU) while Hero MotoCorp has increased its stake in Indian electric two-wheeler manufacturer Ather Energy. Separately, Farmley has raised $6.7 million in a pre-Series B round led by BC Jindal Group.
Akash Sharma Thomas Hougaard Abhishek Agrawal Blue Planet Environmental Solutions Jindal Group Investment Fund For Developing Countries

Breaking News | Daystar Power secures $38 million Series B investment led by IFU

Views: Visits 25 Daystar Power, a leading provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B investment of $38 million. The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility ...
Vikram Raju Christian Wessels Damien Braud Charles Henri Malecot Thomas Hougaard Investment Fund For Developing Countries

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Daystar Power secures $38 million Series B investment led by IFU

Daystar Power, a leading provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B investment of $38 million. The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). x IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-...
Vikram Raju Christian Wessels Damien Braud Charles Henri Malecot Thomas Hougaard Investment Fund For Developing Countries

Daystar Power raises $38mln to boost solar energy supply in West Africa

Daystar Power raises $38mln to boost solar energy supply in West Africa Wednesday, 13 January 2021 16:20 (Ecofin Agency) - Daystar Power, which specializes in solar energy supply in West Africa, has raised $38 million in a Series B round to boost its activity. The operation was led by the Danish development bank (IFU) and saw the participation of three foreign investors: French STOA and Proparco, and American Morgan Stanley. Several factors motivated this investment, including "the cu...
United States Morgan Stanley Christian Wessels Thomas Hougaard Ecofin Agency West Africa

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