Odyssey raises $74M to finance solar gear before installers get paid
The financing combines $27M in equity and $47M in debt as Odyssey expands procurement credit across India, Africa and Latin America.
By RuntimeWire Staff · Published
Primary source: PR Newswire
Why it matters
Odyssey is using a debt-heavy financing package to move beyond project-management software and fund equipment purchases directly. Underwriting and repayment performance now sit at the center of its model.
Emily McAteer and Piyush Mathur's Odyssey Energy Solutions announced on September 1st that it raised $74 million, with $27 million in equity and $47 million in debt. The structure gives Odyssey fresh corporate capital while expanding the pool of money it can put behind equipment purchases for smaller solar installers.…