 |
|
|
|||||||||
|
|
|||||||||||
|
D. Light Design Receives $5.5 Million in Funding
November 7, 2008... D. Light Design an LED lighting startup from Silicon Valley doing business in New Delhi, India, announced it has secured Series A financing led by Nexus India Capital, along with Draper Fisher Jurvetson, Garage Technology Ventures, Mahindra and Mahindra, and social funds Acumen Fund and Gray Matters Capital. The funding came from the same team of investors that provided seed funding for its original mission, providing safe, clean, and affordable light to 1.6 billion people worldwide without electricity.
D. Light hopes to eradicate the kerosene lantern and replace it with a much brighter light for millions of households in the developing world. The company says it will use innovative solar and LED technologies for this replacement.
Earlier this year, D. Light introduced several series of AC and solar-chargeable LED lighting products, custom-designed for the families living on just a few dollars a day. Source/Type: Solid State Lighting Design LED Lighting News - News - Staff reports See the Current Industry News Summary
|
| All site format, content and technology
copyright 2006-2008 by Veriphos Communications under license Reproduction, in whole or part, by other than authorized clients, is prohibited. Commercial search engines are authorized for all site links. Links for any other commercial purpose are limited to the home and events pages unless you are a client of Solid State Lighting Design. Static links to news articles, suitable for search engines and newsfeeds (attribution required for use in news feeds), can be found at http://www.solidstatelightingdesign.com/news/searcharchive/. |