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SolarHome bags more funding to expand into Myanmar, Indonesia and Cambodia

SolarHome, an off-grid solar firm focused on Southeast Asia, has raised US$5 million to date, having recently closed a US$1 million convertible note offering with impact venture capital firm Insitor Impact Asia Fund. The new funding will help SolarHome to extend its network of hubs throughout Myanmar, offer more products and expand into Indonesia and […]

The company lighting up rural Myanmar with affordable solar technology

Since launching its pilot programme in 2016, SolarHome has helped Myanmar find alternative energy options by providing unprecedented electricity access to underserved households. Ted Martynov, the company’s CEO, broke down SolarHome’s business and the energy situation in the country Tell us about SolarHome… SolarHome is one of the first distributors in pay-as-you-go solar for off-grid […]

SolarHome secures USD 1.2m for off-grid solar in Myanmar

February 26 (Renewables Now) – Off-grid solar solutions provider SolarHome has raised USD 1.2 million (EUR 977,000) from a convertible notes placement that will help it expand its business in Myanmar. The Singapore-based company offers solar home systems and financing schemes to off-grid households across Southeast Asia through the pay-as-you-go (PAYG) model. It currently operates […]

SolarHome to invest $5m more in Myanmar

MYANMAR’S huge demand for solar power to serve millions of people in rural areas who cannot reach the national grid has pushed SolarHome, a regional solar provider for off-grid households, to expand further through US$5 million (Bt164 million) in investments next year. Mila Bedrenets, chief sales and marketing officer at SolarHome Myanmar, said in an […]

SolarHome Reaches 1,000 Homes in Myanmar

SolarHome, the pioneer in Pay-As-You-Go (“PAYG”) Solar for off-grid households in Southeast Asia, has reached the milestone of 1,000 systems installed in rural Myanmar. Having recently closed a pre-Series A round of equity funding led by Uberis Capital and debt funding from Kiva, SolarHome has moved from pilot to industrial production mode, and is expanding […]

Singapore startup SolarHome provides cheap solar energy home systems in Southeast Asia; raises funding

Singapore-based startup SolarHome has closed an oversubscribed Pre-Series A round at US$625,000. The round was led by Uberis Capital, with participation from Beenext VC and other regional investors. This round, combined with an earlier seed funding from Singapore-based venture builder Forum Capital, brings SolarHome’s total financing to US$1.1 million. SolarHome plans to use the funding […]

SolarHome installs PAYG solar system in Myanmar

SolarHome, a fresh new solar company, successfully launched its first product to reach the tremendous potential market in Ayeyarwaddy region. Importing the sustainable Pay As You Go model from from Africa, SolarHome is one of the first successful companies to pioneer this market in Myanmar. In order to enhance the benefits for customers, it aims […]