Solar Power Startup Bright Raises $4 Million To Distribute Energy In The Developing World

Bright, a solar panel installation and distribution startup, pulled in $4 million in seed money to build out its solar software and financing team.

The startup launched out of the last batch of Y Combinator and began building in Mexico last year. Energy is expensive and often complicated in the country, costing upwards of $4,000 MXD ($250 USD) in hot summer months in some cases, according to the Mexican Federal Electric Commission.