Blogs

$31.5 million raised by Mexican startup, ‘Bright’, financed by Leo DiCaprio

Feb 8, 2024 | Local News

February 8, 2024

Bright, a Mexican startup focused on financing distributed solar power plants, recently secured $31.5 million in funding to bolster its operations in Mexico. Notable investors include actor Leonardo DiCaprio, early Uber backers, Daniel Servitje (CEO of Bimbo), and founders from Tesla, Paypal, Stripe, and the Inter-American Development Bank. Thomas Hougaard of the Danish Government Investment Fund praised Bright’s professionalism and potential to provide high-quality, affordable solar energy solutions. Founded in 2014 by Jonah Greenberger and Pablo Castellanos, Bright offers a solar subscription service facilitating the transition to sustainable energy for homes and businesses. With over 30 megawatts installed across 80 Mexican cities, serving 4,700 customers, Bright aims to expand its capacity to 50 megawatts by 2024. The Series C financing, led by the Danish IFU, highlights investor confidence in Bright’s growth trajectory and its contribution to renewable energy expansion in Mexico.

Did you like this article?

Did you like this article?

0 Comments

Latest Posts

World Cup Expected to Bring More Than Just Soccer Fans to Host Cities

As millions of fans arrive in North America for the 2026 FIFA World Cup, a new survey suggests that the tournament could also trigger a significant increase in the adult entertainment industry. According to a survey conducted by European platform Erobella, an...

They Went to the 1986 World Cup in Mexico and Never Went Home

For most football fans, attending a FIFA World Cup is the trip of a lifetime. For a group of friends from England, it became the beginning of an entirely new life. A new documentary called Lost Down Mexico Way tells the remarkable true story of five...

Events

Related articles