Energy Startups in Africa
Overview Powered by AI
Home solar market maturing, moving towards larger systems and services. Competition high, but consolidation likely. Distribution partnerships key for scale, financing options critical for affordability.
Cummulative Funding
$3.5B+
Total # of Companies
103
Total Deal Count
343
Total M&A Count
3
Total # of Investors
562
List of Energy startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Sun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid. | Debt Financing | $ 713,000,000 | 2009 | |
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 | $ 561,100,000 | 2011 | |
d.light is an international Energy startup that serves people without access to reliable electricity. | Debt Financing | $ 515,200,000 | 2007 | |
CrossBoundary Energy offers fully financed, customized clean energy solutions for business. | Private Equity | $ 180,000,000 | 2022 | |
Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources | Debt Financing | $ 163,950,000 | 2008 | |
Bboxx is an African-focused next generation utility startup which provides access to affordable clean energy. | Convertible Note | $ 161,374,625 | 2010 | |
Solar power and Energy efficiency solutions for businesses | Debt Financing | $ 88,546,000 | 2017 | |
SunFunder is unlocking debt capital for solar energy access & climate change | Grant | $ 81,320,000 | 2012 | |
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 | |
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi. | Debt Financing | $ 57,025,000 | 2018 | |
PEG is the leader in deploying and financing solar to households and SMEs in West Africa | Debt Financing | $ 56,500,000 | 2013 | |
Solarise Africa owns and leases captive rooftop and ground mounted solar projects for commercial and industrial clients in Africa. | Venture | $ 55,600,000 | 2017 | |
Azuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes. | Corporate | $ 51,000,000 | 2012 | |
Keaton Energy Holdings Limited is a coal mining and development company. | Post-IPO Debt | $ 50,351,366 | 2006 | |
Wetility enables you smartly generate solar power on your rooftop, then seamlessly store, release and monitor clean energy to your home or business. | Debt Financing | $ 48,000,000 | 2019 | |
Nuru is a renewable and environment company that specializes in the fields of storage micro-grids and solar energy. | Series B | $ 47,381,000 | 2015 | |
Sturdee Energy is a pan-African Independent Power Producer focused on renewable energy projects in Sub-Saharan Africa. | Funding Round | $ 44,000,000 | 2010 | |
Powerhive is a Kenyan startup that provides resilient energy infrastructure for off-grid communities. | Series B | $ 43,800,000 | 2011 | |
Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage. | Secondary Market | $ 35,000,000 | 1956 | |
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 |
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
Debt Financing
Total raised
$ 713,000,000
Employee
1001-5000
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
$ 561,100,000
Employee
501-1000
Founded
2007
Overview
d.light is an international Energy startup that serves people without access to reliable electricity.
Last round
Debt Financing
Total raised
$ 515,200,000
Employee
201-500
Founded
2022
Overview
CrossBoundary Energy offers fully financed, customized clean energy solutions for business.
Last round
Private Equity
Total raised
$ 180,000,000
Employee
51-200
Founded
2008
Overview
Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources
Last round
Debt Financing
Total raised
$ 163,950,000
Employee
1,001-5,000
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
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
2018
Overview
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.
Last round
Debt Financing
Total raised
$ 57,025,000
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
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
Founded
2019
Overview
Wetility enables you smartly generate solar power on your rooftop, then seamlessly store, release and monitor clean energy to your home or business.
Last round
Debt Financing
Total raised
$ 48,000,000
Employee
51-200
Founded
2015
Overview
Nuru is a renewable and environment company that specializes in the fields of storage micro-grids and solar energy.
Last round
Series B
Total raised
$ 47,381,000
Employee
11-50
Founded
2010
Overview
Sturdee Energy is a pan-African Independent Power Producer focused on renewable energy projects in Sub-Saharan Africa.
Last round
Funding Round
Total raised
$ 44,000,000
Employee
11-50
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
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
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