Phnom Penh, December 24, 2020 – The Pioneer Facility, an impact investing fund managed by Nexus for Development, closed its last 2020 financing with Okra Solar, a technology company providing a plug-and-play smart grid solution that enables rapid electrification for last-mile communities.
The Pioneer Facility loan of USD 500,000 is to assist Okra to cover their working capital needed to manufacture and distribute over 30,000 Okra Pod in the next couple of years, with a focus on the Filipino market, but also in other geographies in Southeast Asia, Africa and the Caribbean.