Junior loan · Climate tech
ElectriFI commits $3 million junior loan to Candi Solar
The financing supports Candi’s expansion among small and medium-sized business customers in India.
ElectriFI announced junior debt financing for Candi Solar on October 21, 2020. The commitment amounted to $3 million, reported by EDFI Management Company as €2.68 million.
The financing supports expansion of Candi’s customer base in India. Candi finances, builds and operates solar installations, using simplified contracts, software and credit checks to make solar power accessible to smaller businesses.
Use of funds
Expand the commercial and industrial solar customer base in India
Funding history
Junior loan · This round$3M
Series AUndisclosedCrowdfunded senior loan€125KSeedUndisclosedREPIC pilot project grantUndisclosed