Energy Startups in Africa

Step into the thriving world of Energy startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Energy.

Cummulative Funding

$2.6B+

Total # of Companies

90

Total Deal Count

292

Total M&A Count

3

Total # of Investors

477

List of Energy startups in Africa

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Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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StartupOverviewLast roundTotal raisedFounded
1.

Sun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid.

Series D

$ 576,000,000

2009

2.

M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day.

Debt Financing

$ 492,100,000

2011

3.

d.light is an international Energy startup that serves people without access to reliable electricity.

Grant

$ 339,200,000

2007

4.

Bboxx is an African-focused next generation utility startup which provides access to affordable clean energy.

Convertible Note

$ 161,374,625

2010

5.

Solar power and Energy efficiency solutions for businesses

Debt Financing

$ 88,546,000

2017

6.

SunFunder is unlocking debt capital for solar energy access & climate change

Grant

$ 81,320,000

2012

7.

Virunga Power is focused on developing sustainable power generation and distribution systems on a community scale in rural areas of sub-Saharan Africa.

Venture

$ 64,640,000

2011

8.

PEG is the leader in deploying and financing solar to households and SMEs in West Africa

Debt Financing

$ 56,500,000

2013

9.

Solarise Africa owns and leases captive rooftop and ground mounted solar projects for commercial and industrial clients in Africa.

Venture

$ 55,600,000

2017

10.

Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.

Series B

$ 55,025,000

2018

11.

Azuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes.

Corporate

$ 51,000,000

2012

12.

Keaton Energy Holdings Limited is a coal mining and development company.

Post-IPO Debt

$ 50,351,366

2006

13.

Powerhive is a Kenyan startup that provides resilient energy infrastructure for off-grid communities.

Series B

$ 43,800,000

2011

14.

Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage.

Secondary Market

$ 35,000,000

1956

15.

Nithio is a venture-backed energy finance platform that provides services to stakeholders in the distributed solar sector in Africa.

Debt Financing

$ 32,700,000

2018

16.

Angaza is a Kenya-based Alternative Energy startup that develops solar energy systems designed to increase clean energy access in off-grid markets

Series B

$ 29,500,000

2010

17.

Wassha provide the rental device and charging service using clean energy.

Series C

$ 28,000,000

2013

18.

Rensource allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.

Venture

$ 26,740,000

2015

19.

OneWattSolar is a Nigerian FinTech startup that delivers Tokenized Digital 24/7 Electricity.

Funding Round

$ 24,400,000

2017

20.

Altech is a Congolese energy startup which provides renewable energy for the off-grid

Debt Financing

$ 21,000,000

2013

Founded

2009

Overview

Sun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid.

Last round

Series D

Total raised

$ 576,000,000

Employee

1001-5000

M-KOPA

Founded

2011

Overview

M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day.

Last round

Debt Financing

Total raised

$ 492,100,000

Employee

501-1000

d.light

Founded

2007

Overview

d.light is an international Energy startup that serves people without access to reliable electricity.

Last round

Grant

Total raised

$ 339,200,000

Employee

201-500

Bboxx

Founded

2010

Overview

Bboxx is an African-focused next generation utility startup which provides access to affordable clean energy.

Last round

Convertible Note

Total raised

$ 161,374,625

Employee

501-1,000

Founded

2017

Overview

Solar power and Energy efficiency solutions for businesses

Last round

Debt Financing

Total raised

$ 88,546,000

Employee

51-100

SunFunder

Founded

2012

Overview

SunFunder is unlocking debt capital for solar energy access & climate change

Last round

Grant

Total raised

$ 81,320,000

Employee

11-50

Founded

2011

Overview

Virunga Power is focused on developing sustainable power generation and distribution systems on a community scale in rural areas of sub-Saharan Africa.

Last round

Venture

Total raised

$ 64,640,000

Employee

11-50

Founded

2013

Overview

PEG is the leader in deploying and financing solar to households and SMEs in West Africa

Last round

Debt Financing

Total raised

$ 56,500,000

Employee

101-250

Founded

2017

Overview

Solarise Africa owns and leases captive rooftop and ground mounted solar projects for commercial and industrial clients in Africa.

Last round

Venture

Total raised

$ 55,600,000

Employee

1-10

Founded

2018

Overview

Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.

Last round

Series B

Total raised

$ 55,025,000

Employee

11–50

Founded

2012

Overview

Azuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes.

Last round

Corporate

Total raised

$ 51,000,000

Employee

201-500

Founded

2006

Overview

Keaton Energy Holdings Limited is a coal mining and development company.

Last round

Post-IPO Debt

Total raised

$ 50,351,366

Employee

51-100

Powerhive

Founded

2011

Overview

Powerhive is a Kenyan startup that provides resilient energy infrastructure for off-grid communities.

Last round

Series B

Total raised

$ 43,800,000

Employee

51-200

Oando

Founded

1956

Overview

Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage.

Last round

Secondary Market

Total raised

$ 35,000,000

Employee

Nithio

Founded

2018

Overview

Nithio is a venture-backed energy finance platform that provides services to stakeholders in the distributed solar sector in Africa.

Last round

Debt Financing

Total raised

$ 32,700,000

Employee

2-10

Angaza

Founded

2010

Overview

Angaza is a Kenya-based Alternative Energy startup that develops solar energy systems designed to increase clean energy access in off-grid markets

Last round

Series B

Total raised

$ 29,500,000

Employee

51-200

Wassha

Founded

2013

Overview

Wassha provide the rental device and charging service using clean energy.

Last round

Series C

Total raised

$ 28,000,000

Employee

11-50

Founded

2015

Overview

Rensource allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.

Last round

Venture

Total raised

$ 26,740,000

Employee

151-200

Founded

2017

Overview

OneWattSolar is a Nigerian FinTech startup that delivers Tokenized Digital 24/7 Electricity.

Last round

Funding Round

Total raised

$ 24,400,000

Employee

501-1,000

Founded

2013

Overview

Altech is a Congolese energy startup which provides renewable energy for the off-grid

Last round

Debt Financing

Total raised

$ 21,000,000

Employee

201-500

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