Funding
Technical assistance grant · Climate tech

Candi Solar receives BIO grant to improve customer credit scoring

The $16,320 technical assistance grant supported credit assessment for the solar provider’s growing business.

By RoundOS Funding desk

BIO awarded Candi Solar a $16,320 technical assistance grant dated May 30, 2022. The support funded an upgrade to the company’s credit-scoring tool, aimed at improving the accuracy and speed of customer assessments.

Candi Solar installed, owned and operated solar plants for customers in India and South Africa, selling them electricity. Its model let businesses obtain solar power while outsourcing the financing and management of the installation, making customer credit assessment an important part of its expansion.

Use of funds

Upgrade the credit-scoring tool

Funding history

Technical assistance grant · This round$16.3K
Multicurrency loan facility~$10MConvertible note offering≤$4.2MJunior loan$3MSeries AUndisclosedCrowdfunded senior loan€125KSeedUndisclosedREPIC pilot project grantUndisclosed

Sources

  1. BIO candi solar technical assistance grantbio-invest.be
  2. BIO original portfolio: candi solar subsidy dated 30 May 2022bio-invest.be

Similar rounds

All Climate tech rounds →
Sunlit Seedlings

Sunlit Seedlings measures biodiversity and microbial activity to help organisations assess and redesign ecosystems.

UndisclosedCorporate investment · Nov 13, 2026
mistEO

mistEO develops weather and climate intelligence that helps financial institutions, agricultural businesses and public agencies assess risks and plan operations.

₹180MSeed · Nov 12, 2026
Recykal

Recykal provides digital platforms, recycling infrastructure and a materials marketplace to help businesses manage waste and build circular supply chains.

UndisclosedStrategic investment · Nov 12, 2026
Torus

Torus manufactures integrated energy storage and modular AI compute infrastructure for utilities, enterprises and industrial sites.

$500MGrowth capital · Nov 11, 2026

Related