Nuru receives additional $1.5m for solar PV in the DRC

The Democratic Republic of the Congo’s (DRC’s) first solar photovoltaic (PV) metrogrid developer Nuru has secured an initial $1.5-million from investors in a convertible note round ahead of the close of its Series B funding round. The investment is a bridge to bolster the company’s $25-million Series B equity fundraise, which will be invested by a consortium of international investors at financial close.