Husk Power has secured a funding of $4 million (over Rs 33 crore) from Europe-based ElectriFI and the company will use the proceeds to expand its solar-hybrid minigrids business in India.

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With this, ElectriFI's total investment in the domestic solar company stands at $10 million after lending $6 million in September 2022, a joint statement said.

Husk Power Systems confirms securing of an additional $4 million in debt financing from ElectriFI, the statement said.