South African peer-to-peer solar equipment leasing platform Sun Exchange has raised around $1.6 million in funding from investors including Kalon Venture Partners and Californian outfit Kalon Venture Partners . The company claims that by presenting simple and accessible opportunity for anyone to join the solar economy, it can unlock the potential for the construction of environmentally sound and socially responsible projects that would otherwise not exist. Techstars, Network Society Ventures 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".
South African peer-to-peer solar equipment leasing platform Sun Exchange has raised around $1.6 million in funding from investors including Kalon Venture Partners and Californian outfit Kalon Venture Partners . Techstars, Network Society Ventures 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".