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
$609.4M+
Total # of Companies
27
Total Deal Count
102
Total M&A Count
1
Total # of Investors
170
List of Energy startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources | Debt Financing | $ 168,950,000 | 2008 | |
Solar power and Energy efficiency solutions for businesses | Debt Financing | $ 88,546,000 | 2017 | |
Azuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes. | Corporate | $ 51,000,000 | 2012 | |
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 | |
Beacon Power Services is a leading provider of energy management software and analytics for utilities and mini grid operators across Africa. | Debt Financing | $ 32,600,000 | 2013 | |
Arnergy is a distributed utility leveraging on internet of things (IOT) in providing reliable solar power for businesses in emerging markets | Series B | $ 27,000,000 | 2003 | |
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 | |
Darway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid. | Funding Round | $ 25,850,000 | 2015 | |
OneWattSolar is a Nigerian FinTech startup that delivers Tokenized Digital 24/7 Electricity. | Funding Round | $ 24,400,000 | 2017 | |
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy. | Debt Financing | $ 18,600,000 | 2016 | |
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa. | Grant | $ 15,900,000 | 2014 | |
Lekoil is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia. | Post-IPO Debt | $ 15,000,000 | 2010 | |
WATT aims to design, build, own, and operate (DBOOM) renewable energy (RE) projects through solar, wind, and biomass generation. | Venture | $ 13,000,000 | 2016 | |
Renewvia Energy is an Africa-focused solar developer bringing clean, reliable power. | Funding Round | $ 11,000,000 | 2012 | |
Prado Power delivers scalable solar energy to underserved Nigerian communities. | Funding Round | $ 8,200,000 | 2015 | |
Solar Sister is a female-empowered startup focusing on the distribution of solar energy in developing countries | Funding Round | $ 5,000,000 | 2010 | |
SHYFT Power Solutions is a Nigerian IoT and data-driven software firm for distributed energy resource performance and operational efficiency. | Seed | $ 4,200,000 | 2016 | |
Salpha Energy is a Nigerian clean energy startup focused on solar-powered solutions for off-grid communities. | Venture | $ 2,350,000 | 2018 | |
Infibranches is a Nigerian company with expertise in Product Development, Business value chain and Agent Network Management Services. | Seed | $ 2,000,000 | 2019 |
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
$ 168,950,000
Employee
1,001-5,000
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
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
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
2013
Overview
Beacon Power Services is a leading provider of energy management software and analytics for utilities and mini grid operators across Africa.
Last round
Debt Financing
Total raised
$ 32,600,000
Employee
11-50
Founded
2003
Overview
Arnergy is a distributed utility leveraging on internet of things (IOT) in providing reliable solar power for businesses in emerging markets
Last round
Series B
Total raised
$ 27,000,000
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
2015
Overview
Darway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid.
Last round
Funding Round
Total raised
$ 25,850,000
Employee
51-200
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
2016
Overview
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy.
Last round
Debt Financing
Total raised
$ 18,600,000
Employee
11-50
Founded
2014
Overview
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa.
Last round
Grant
Total raised
$ 15,900,000
Employee
2-10
Founded
2010
Overview
Lekoil is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia.
Last round
Post-IPO Debt
Total raised
$ 15,000,000
Employee
51-200
Founded
2016
Overview
WATT aims to design, build, own, and operate (DBOOM) renewable energy (RE) projects through solar, wind, and biomass generation.
Last round
Venture
Total raised
$ 13,000,000
Employee
51-200
Founded
2012
Overview
Renewvia Energy is an Africa-focused solar developer bringing clean, reliable power.
Last round
Funding Round
Total raised
$ 11,000,000
Employee
11-50
Founded
2015
Overview
Prado Power delivers scalable solar energy to underserved Nigerian communities.
Last round
Funding Round
Total raised
$ 8,200,000
Employee
2-10
Founded
2010
Overview
Solar Sister is a female-empowered startup focusing on the distribution of solar energy in developing countries
Last round
Funding Round
Total raised
$ 5,000,000
Employee
51-200
Founded
2016
Overview
SHYFT Power Solutions is a Nigerian IoT and data-driven software firm for distributed energy resource performance and operational efficiency.
Last round
Seed
Total raised
$ 4,200,000
Employee
2-10
Founded
2018
Overview
Salpha Energy is a Nigerian clean energy startup focused on solar-powered solutions for off-grid communities.
Last round
Venture
Total raised
$ 2,350,000
Employee
51-200
Founded
2019
Overview
Infibranches is a Nigerian company with expertise in Product Development, Business value chain and Agent Network Management Services.
Last round
Seed
Total raised
$ 2,000,000
Employee
11-50