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
$2.9B+
Total # of Companies
97
Total Deal Count
306
Total M&A Count
3
Total # of Investors
494
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. | Series D | $ 576,000,000 | 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 | |
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 | |
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 | |
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi. | Series B | $ 55,025,000 | 2018 | |
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 | |
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 Africaβs 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 | |
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 | |
Wassha provide the rental device and charging service using clean energy. | Series C | $ 28,000,000 | 2013 | |
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 | |
OneWattSolar is a Nigerian FinTech startup that delivers Tokenized Digital 24/7 Electricity. | Funding Round | $ 24,400,000 | 2017 | |
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
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
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
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
11β50
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
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 Africaβs 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
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
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