Renewable Energy Startups in Africa
Overview Powered by AI
Off-grid solar market thriving, led by local players. Greenlight Planet, d.light still dominant, but new entrants gaining share. Financing remains a challenge, but innovative models emerging. Local business leaders optimistic about long-term growth potential.
Cummulative Funding
$2.4B+
Total # of Companies
81
Total Deal Count
252
Total M&A Count
2
Total # of Investors
438
List of Renewable 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 | |
d.light is an international Energy startup that serves people without access to reliable electricity. | Debt Financing | $ 515,200,000 | 2007 | |
ZOLA Electric is a Silicon Valley startup democratizing clean energy access and smart storage power solutions. | Venture | $ 306,100,000 | 2011 | |
Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market. | Debt Financing | $ 212,000,000 | 2012 | |
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 | |
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 | |
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 | |
Wassha provide the rental device and charging service using clean energy. | Series C | $ 28,000,000 | 2013 | |
Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer. | Debt Financing | $ 27,950,000 | 2010 | |
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 | |
KarmSolar is Egypt's largest private solar utility company | Debt Financing | $ 25,000,000 | 2011 | |
Altech is a Congolese energy startup which provides renewable energy for the off-grid | Debt Financing | $ 21,000,000 | 2013 | |
Starsight Energy is a Nigerian independent energy efficiency startup delivering sustainable solar power and cooling services. | Debt Financing | $ 20,000,000 | 2008 | |
responsAbility Renewable is looking to invest in and co-develop small to medium-sized renewable energy projects in Sub-Saharan Africa. | Private Equity | $ 19,000,000 | 2013 | |
Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa | Venture | $ 15,500,000 | 2015 | |
Oolu's mission is to provide off-grid households with high quality products at an affordable price. | Venture | $ 14,200,000 | 2015 | |
Qotto sells solar home systems to rural households in West Africa with a pay-as-you-go model. | Series A | $ 14,000,000 | 2016 |
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
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
2011
Overview
ZOLA Electric is a Silicon Valley startup democratizing clean energy access and smart storage power solutions.
Last round
Venture
Total raised
$ 306,100,000
Employee
1,001-5,000
Founded
2012
Overview
Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.
Last round
Debt Financing
Total raised
$ 212,000,000
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
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
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
Wassha provide the rental device and charging service using clean energy.
Last round
Series C
Total raised
$ 28,000,000
Employee
11-50
Founded
2010
Overview
Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer.
Last round
Debt Financing
Total raised
$ 27,950,000
Employee
51-200
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
2011
Overview
KarmSolar is Egypt's largest private solar utility company
Last round
Debt Financing
Total raised
$ 25,000,000
Employee
51-200
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
Founded
2008
Overview
Starsight Energy is a Nigerian independent energy efficiency startup delivering sustainable solar power and cooling services.
Last round
Debt Financing
Total raised
$ 20,000,000
Employee
51-200
Founded
2013
Overview
responsAbility Renewable is looking to invest in and co-develop small to medium-sized renewable energy projects in Sub-Saharan Africa.
Last round
Private Equity
Total raised
$ 19,000,000
Employee
251-500
Founded
2015
Overview
Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa
Last round
Venture
Total raised
$ 15,500,000
Employee
11-50
Founded
2015
Overview
Oolu's mission is to provide off-grid households with high quality products at an affordable price.
Last round
Venture
Total raised
$ 14,200,000
Employee
51-200
Founded
2016
Overview
Qotto sells solar home systems to rural households in West Africa with a pay-as-you-go model.
Last round
Series A
Total raised
$ 14,000,000
Employee
201-500