Seed · Climate tech
Persistent and Gaia back Candi Solar seed round
The investors support a rooftop solar model built for commercial and industrial customers in emerging markets.
Persistent and Gaia Impact Fund announced seed financing for Candi Solar on December 11, 2018. The investors joined the company early in its development to help prove its rooftop solar business model.
Candi focuses on commercial and industrial customers in Asia and Africa, including smaller businesses that struggle to secure attractive solar financing. The company combines funding with the development and operation of installations, helping customers access cleaner electricity through tailored contracts.
Use of funds
Prove the rooftop solar model for commercial and industrial customers
Expand business solar installations in India and Africa
Funding history
Seed · This roundUndisclosed
REPIC pilot project grantUndisclosed