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 company said the funds will be used to meet the demand for “its pipeline of commercial-scale solar power projects, located in the sunniest regions of the planet”, without providing further details. 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 $ 1.6 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 " .