Apis Growth Fund I, a private equity fund managed by Apis Partners (Apis Partners), a UK-based asset manager that supports growth stage financial services and financial infrastructure businesses, has successfully partially exited its position in off-grid solar energy company Sun King, formerly Greenlight Planet.
Sun King thas competed a $260 million Series D capital raise, with investment led by BeyondNetZero, the climate investing venture of General Atlantic.
As part of this transaction the fund sold the majority of its stake in the Company. The fund continues to hold a stake in Sun King and Apis Partners will remain supportive of the future growth plans of the company, which include continued geographical and product- line expansion, including larger products such as solar systems equipped with AC-electricity inverters (capable of powering large appliances like refrigerators) and new products, for example mobile phones.
