Netflix co-founder Reed Hastings and ex-Alphabet CEO Eric Schmidt invest $27m in African solar irrigation startup SunCulture.
Netflix co-founder Reed Hastings and former Alphabet CEO Eric Schmidt have invested $27m in SunCulture, a Nairobi-based African solar irrigation startup. The company supplies small solar-powered water pumps to small-scale farmers, with costs subsidized by carbon credit sales. SunCulture operates in Kenya, Uganda, and Ivory Coast, with distribution agreements in Ethiopia, Zambia, and Togo.
April 10, 2024
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