Just two years after it received an E-Team grant, Greenlight Planet, Inc is selling its solar-charged, battery-powered LED lantern in India and China. Along the way, the company, which spun out of an E-Team from University of Illinois at Urbana Champaign, has raised more than $500,000 from investors.

Greenlight Planet's market proposition is simple: to sell ultra-affordable solar LED lights for the 1.6 billion people who still don't have electricity. There are important social and environmental benefits: Greenlight Planet's lantern is cleaner, more economical, less dangerous, and less polluting then petroleum lanterns.

Read more at Greenlight Planet.com.