Rise and shine, everybody! Malaysia’s Okapi Technologies, a startup that helps homeowners transition to solar power with zero upfront costs, just raised $2M in debt. 

• They’re active across Malaysia, the Philippines, and Indonesia!
• Oh, and in 2024, they raised an undisclosed amount of funding from The Radical Fund!

Debt financing? In a debt round, startups are lent money by an investor, which they are required to pay back within a certain period. 

Unlike an equity round, the startup’s shares aren’t diluted.

• Okapi’s debt round was arranged by Aquila!

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🔅 Get solar

Switching to solar power is great and all, but it comes with a high cost.

Buying and installing solar panels isn’t something that most homeowners can afford. This is where solar leasing comes in. 

• With this, switching to solar energy is easier and you can save some $$$!
• Okapi’s leasing model addresses the financing challenges for homeowners and small business owners.

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💡 How Okapi works

Okapi partners with contractors, enabling them to engineer, procure, and construct solar installations. 

• They recently launched Okapi Flow, a supply chain financing solution that offers procurement, logistics, and inventory financing for their solar installation partners. 

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🏠 Light it up

With the $$$, Okapi will double down on its growth initiatives in Malaysia!