SINGAPORE, 27 November 2018 – Freyr Energy (“Freyr”)—an India-based full-service solar solutions firm providing access to cleaner, safer, and cheaper energy—has closed a US$1.5M Series A round on Impact Partners—the world’s largest crowdfunding platform for impact investing. Operated by Singapore-based IIX, Impact Partners brought together a consortium of global investors including Netherlands-based C4D Partners and India-based angel investors. According to IIX’s impact assessment, funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of CO2 emissions by 2022.
Freyr Energy, an India-based full-service solar solutions firm providing access to cheap energy, has closed a US$1.5 million Series A round from Impact Partners, a crowdfunding platform for impact investing.
Operated by Singapore-based Impact Investment Exchange (IIX), Impact Partners brought together a consortium of global investors including Netherlands-based C4D Partners and India-based angel investors. According to IIX’s impact assessment, the funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of CO2 emissions by 2022. Read more.
Impact Partners is operated by Impact Investment Exchange (IIX), a Singapore-based organization that seeks to link investors with social and environmental projects.
Co-founder Saurabh Marda said Freyr will use the funds to “continue improving our technology platform, increase the strength of our sales and channel partner network, and support our marketing activities to fuel future growth.” Read more.
Having built the world’s first social stock exchange, particularly to benefit and empower women, Durreen Shahnaz now wants to take impact investing from the margins to the mainstream. Growing up in the throes of the Bangladesh Liberation War had a profound impact on Durreen Shahnaz from an early age. The experience of watching her country struggle to get back on its feet in its early days of independence stirred up in the former investment banker and founder of the Impact Investment Exchange (IIX) a defiance never to yield to others’ notions of what she could or could not do. Read more.
Our world’s top scientists spend billions of dollars every year on space exploration, searching the universe for one thing: water, considered a necessity for life. Yet on Earth, our primary source of water — the ocean — is perhaps one of the most undervalued resources on the planet. Read more.