IIX Leads Series A Round of US$1.66 Million for SOLshare (Asia)
Source: Impact Investment Exchange | Date: 28 September 2018
Impact Investment Exchange (IIX), an Asia-focused impact investment firm, has led a Series A round of US$1.66 million for Bangladesh-based off-grid solar energy company SOLshare. Portugal-based power company Energias de Portugal and Innogy New Ventures, the venture capital arm of Germany-based utility company Innogy, also participated in the funding round. The deal represents IIX’s first investment from the IIX Growth Fund. SOLshare plans to use the funding to reach additional households and micro-entrepreneurs.