Key Takeaways
- Agros has secured a USD 2 million working capital facility from EDFI ElectriFI.
- The financing will support Agros’ expansion in Indonesia and Cambodia.
- Funds will be used to scale Agros’ Pay-after-Harvest financing model for solar irrigation.
- The initiative aims to make solar irrigation pumps a bankable asset class.
- The investment supports emissions reduction, lower fuel costs, and improved farm incomes.
Agros Receives EDFI ElectriFI Support for Regional Expansion
Agros, a Singapore-based solar irrigation company, has received a USD 2 million working capital facility from EDFI ElectriFI, the EU-funded Electrification Financing Initiative managed by EDFI Management Company (EDFI MC). The financing will support Agros’ expansion in Southeast Asia, with a focus on Indonesia and Cambodia.
The facility is designed to accelerate deployment of solar-powered irrigation systems among small and medium-holder farmers, while supporting flexible financing mechanisms that reduce barriers to adoption.
Agros Expands Pay-after-Harvest Solar Irrigation Model
Working Capital to Support Farmers and Procurement
Founded in 2019, Agros assembles and distributes solar water pump systems that replace diesel-powered pumps and enable year-round irrigation. The company currently operates in Myanmar, Cambodia, and Indonesia.
