iGrow News AgTech Funding Funding Round Agros Secures USD 2M Facility from EDFI ElectriFI to Scale Solar Irrigation in Southeast Asia
Funding Round Water Management In Agriculture

Agros Secures USD 2M Facility from EDFI ElectriFI to Scale Solar Irrigation in Southeast Asia

Agros raised $4.25 million in Series A funding, co-led by Gaia Impact, Schneider Electric Energy Access Asia, and Wavemaker Impact.
Image provided by Agros Global.

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.

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