• Since closing a $103 million Series D at the end of 2023, Husk electrified 200 new communities in rural Africa and Asia, doubling its fleet in under 12 months;
• Husk now owns and operates the world’s largest portfolio of private sector minigrids and has achieved the industry’s fastest rate of deployment;
• This milestone cements Husk’s position as the clear industry leader. The company expects over 100% growth in 2025, and expansion to additional countries.

FORT COLLINS, 7 Jan 2025 — Today, Husk announced 100% growth in its portfolio of community solar minigrids over the past 12 months. The company is now present in over 400 communities in rural Sub-Saharan Africa and South Asia, serving more than 1.5 million people and over 30,000 small businesses.

Husk’s community electrification projects are spread across rural India and Nigeria, and represent 20 MW of solar power generation and 2,500 kilometers of transmission and distribution (T&D), while avoiding 15,000 tonnes of CO2 annually by displacing an estimated 3,000 diesel generators across its entire portfolio. 

“Husk is the first and only company to add hundreds of new minigrids in a calendar year,” said CEO and Co-Founder Manoj Sinha. “This proves that, with the right policies, affordable and long-term capital and innovation, the industry is capable of scaling to the thousands per year that are needed to wipe out energy poverty in Africa and Asia. We look forward to deepening our public-private partnership with governments and funders to work even faster to make ‘prosperity for all’ a reality.”

Husk expects further rapid growth in 2025, targeting a revenue increase of more than 100% and an increase in its customer base by 2.5 times. To lay a path for this, the company has developed a 100 MW pipeline across multiple countries. Husk is also planning a pre-IPO equity and debt financing for the second half of 2025 to fuel its growth through the end of the decade. 

In 2024, to meet the operational needs of a high-growth company, Husk doubled its staff to more than 1,000 and launched a groundbreaking new containerized system called PRISM to further accelerate its rate of deployment, which currently stands at one minigrid per day. Husk also entered the market for inter-connected minigrids in 2023, and expects that initiative to result in hundreds of MWs in capacity across Africa and Asia.

About Husk

Husk is an award-winning clean energy company serving rural and peri-urban Asia and Sub-Saharan Africa. In 2024, Husk was named one of Fast Company’s 50 Most Innovative Companies in the World, ranking #24 overall, and #1 in the energy category. In 2023, it was also named “World’s Best Challenger Brand” in the energy industry, and CEO Manoj Sinha was selected as a TIME 100 Most Influential Climate Leaders in Business. Husk’s AI-powered energy platform provides 24/7 renewable power to residential and commercial customers, institutions and small factories. It also delivers a range of other products and services, including e-commerce and credit-financing of branded appliances for home and commercial use, as well as community-based solutions for e-mobility and the agricultural value chain. Husk’s mission is to superchange economic growth and social well-being in rural communities that are unserved and underserved. 
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