Archive · 25 Nov 2025
Husk Power Systems Seeks $400 Million
Husk Power Systems is a company that provides solar-powered mini-grids to bring electricity to communities without reliable access.
They currently have about 400 mini-grids in India and Nigeria and plan to expand to other African countries.
The company is raising $400 million to help them grow and reach 30 million people by 2030.
They also plan to go public in 2029.
The money will help them build more mini-grids and use technology to make their systems more efficient.
This is part of a bigger effort to bring electricity to more people in Africa.
Husk Power Systems is raising $400 million to expand its solar mini-grid operations.
The company aims to grow its revenue 10-fold by 2030 and reach 30 million people.
It plans to have 2 gigawatts of installations by 2030 and go public in 2029.
Husk operates 400 mini-grids in India and Nigeria and plans to expand in Africa.
The company uses an AI-powered platform to optimize electricity generation and demand.
- Who
- Husk Power Systems, a solar mini-grid operator
- What
- Seeking $400 million in funding to expand operations
- When
- Funding to be completed by June 2026
- Where
- Operations in India and Nigeria, with plans to expand in Africa
- Why
- To grow revenue 10-fold by 2030 and prepare for an IPO
- Company
- Husk Power Systems
- Founded
- 2008
- Current Mini-Grids
- 400 (India and Nigeria)
- Target Installations by 2030
- 2 gigawatts
- IPO Target
- 2029 (India), possibly London or US
- People to be Supplied Power by 2030
- 30 million
