Solar solutions provider M-Kopa just closed a deal which allowed it to raise $19 million. Led by Generation Investment Management, the raised fund will help M-Kopa achieve its objective which is to provide electricity to a million African households by 2017.

“We demonstrate that solar technology can change lives of people who lack access to electricity, be a solution to all of the planet’s current challenges, but also generate profit for investors who are interested in it. In three years, we reached 25,000 households in 3 countries, and this is just a start”, said Jesse Moore, CEO and co-founder of M-Kopa.

“With 1.3 billion people presently lacking access to light, M-Kopa’s innovating model proves that solar solutions could be more accessible, thus giving rise to a substantial market. Furthermore, in addition to its long-term profitability, this model is a solution for low-income households as well as for the environment” said Colin le Duc, associate of Generation Investment Management.

Gwladys Johnson