Myanmar-focused statup SolarHome raises $1m follow-on equity capital from Trirec

SolarHome secures USD 1 million investment

SolarHome, a Singapore-based solar energy startup with a focus on Myanmar, has received a USD 1 million equity investment from Singapore’s Trirec, which is already an investor in the project, according to an article in Dealstreet Asia. SolarHome, which provides energy solutions for off-grid households in Myanmar, is currently expanding its operations in the country and claims to have installed more than 30,000 solar homes across the country, with aims to reach 100,000 by the end of this year, the article said. It is also installing pay-as-you-go solar for off-grid homes across Southeast Asia, the article said. In December last year, SolarHome raised USD 10 million debt-financing through a consortium of investors.

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