- Chamath Palihapitiya tweeted he’s leading a PIPE in residential solar company Sunlight Financial.
- Sunlight provides loans to homeowners for the installation of solar panels.
After leaving his 783,800 Twitter followers on edge over the weekend, Chamath Palihapitiya finally announced his latest private investment in climate change on Monday morning.
The billionaire investor tweeted he’s partnering with Apollo-affiliated Spartan Acquisition Corp (NYSE: SPRQ) and Coatue founder Philippe Laffont to lead a $250 million PIPE in Sunlight Financial, a “leader in the residential solar boom.”
Sunlight Financial is a fintech platform that provides affordable solar loans to homeowners in the US and provides solar contractors with a point of sale financing platform. Palihapitiya called Sunlight the “leading residential point of sale financing platform helping…