TRINE, a crowd-investment platform for solar energy projects, has raised €6 million in a Series A round led by Gullspång Invest with participation from Andrew Reicher, chairman of Berkeley Energy Africa, and Lars Thunell, former CEO of the International Finance Corporation.
The Swedish company will invest the funds in growing its platform’s capacity and scaling its operations and in East Africa and Europe. The company is particularly focused on energy projects in regions that are lacking access to energy.
A recent project in Kenya raised over €145,000 (17 million Kenyan Shillings) to deploy solar energy systems for 6,000 people in a town.
“This funding round, led by Gullspång Invest, allows us to scale our business by opening multiple projects across the TRINE platform, thereby attracting greater numbers of crowd-investors who want to fund solar energy projects with impact,” said Sam Manaberi, CEO of TRINE.
“The crowd-investment platform developed by TRINE offers a very powerful solution to enabling access to clean energy for the people who need it most, and we are proud to invest in the team and the service TRINE is offering,” commented Gullspång Invest partner, Magnus Brandberg.