Californian peer - to - peer solar equipment leasing platform Sun Exchange has raised $ 1.6 m in funding from investors including Techstars , Network Society Ventures and South African firm Kalon Venture Partners . Sun Exchange uses blockchain and digital currency bitcoin to enable investors to purchase solar equipment from its customers and lease them to installations in developing countries . The firm said the funding will be used for the " pipeline of commercial - scale solar power projects , located in the sunniest regions of the planet " .
Californian peer-to-peer solar equipment leasing platform Sun Exchange has raised $1.6m in funding from investors including Techstars, Network Society Ventures and South African outfit Kalon Venture Partners. Sun Exchange uses blockchain and digital currency bitcoin to enable customers to purchase solar cells from its platform and lease them to installations in developing countries. The firm said the funding would be used for the "pipeline of commercial-scale solar power projects, located in the sunniest regions of the planet".