Fundz

Cleanlight Enters Into A Letter Of Intent For Usd$3 Million Financing

PRIVATENov 29, 2022

Amount Raised

$3 Million

Round Type

Seed

Las CondesEnergyRenewable EnergySolar

Description

SANTIAGO, CHILE / November 29, 2022 / Butler Corporation SpA d/b/a Cleanlight ("Cleanlight" or the "Company"), a B2B and B2C affordable and innovative solar solution for homes and businesses, is pleased to announce that it has executed a non-binding letter of intent with RE Royalties Ltd. ("RE Royalties") which outlines a USD$3 million senior secured working capital loan and royalty acquisition (the "Loan") by RE Royalties.

Quick answer

Cleanlight raised $3 Million in a Seed round, dated November 29, 2022. Cleanlight is based in Las Condes, Santiago Metropolitan Region, Chile.

How much did Cleanlight raise?
Cleanlight raised $3 Million in a Seed round on November 29, 2022.
What does Cleanlight do?
Cleanlight is an affordable and innovative solar solution for homes and businesses with its principal head office located in the Republic of Chile.
Where is Cleanlight based and how big is it?
Cleanlight is based in Las Condes, Santiago Metropolitan Region, Chile.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Cleanlight that raised within 45 days of this round, from Fundz verified event records.

  • Samara raised $4.8M (Seed) on December 26, 2022.
  • Ascent Solar Technologies raised $50M on December 20, 2022.
  • Ascent Solar Technologies raised $2.5M (Seed) on December 19, 2022.
  • PowerFlex raised $100M on December 13, 2022.
  • KORE Power raised $75M on November 30, 2022.
  • KORE Power raised $75M on November 28, 2022.

Who to call at Cleanlight, and when

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Company Information

Company

Cleanlight

Location

Las Condes, Santiago Metropolitan Region, Chile

About

Cleanlight is an affordable and innovative solar solution for homes and businesses with its principal head office located in the Republic of Chile. Cleanlight has a strong ESG impact, reducing CO2 emission by 21,000 tons per year, saving their customers over 12 million litres of diesel each year, and generating over 3 MW of clean energy. To date, CleanLight has generated over USD$8.5 million dollars in consumer sales through its loyal customer base. CleanLight's solar solution has the capacity to harness substantially more energy than the industry standard through their patented gel batteries that are considered to be more reliable and durable than their competitors. Cleanlight's industry grade solar technology used in the mining sector, with several companies across North America such as Teck, Lundin Mining, Barrick Gold, and Kinross who have chosen to utilize our solar solution for their commercial operations.

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