Husk Power to raise $400m for expansion in India, Africa
Husk Power Systems plans to raise $400 million in debt and equity in 2025 to expand its mini-grid operations across India and Africa. This capital raise, a mix of equity and debt, precedes a planned initial public offering (IPO) in 2027. The company more than doubled its staff and revenue in 2024, while increasing its mini-grid operations from 200 to 400, according to Bloomberg. CEO Manoj Sinha stated the funds will support their 150% year-over-year…