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
$3B+
Total # of Companies
89
Total Deal Count
286
Total M&A Count
2
Total # of Investors
503
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. | Debt Financing | $ 713,000,000 | 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 | |
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 | |
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 | |
Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer. | Venture | $ 56,450,000 | 2010 | |
Azuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes. | Corporate | $ 51,000,000 | 2012 | |
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 | |
Sturdee Energy is a pan-African Independent Power Producer focused on renewable energy projects in Sub-Saharan Africa. | Funding Round | $ 44,000,000 | 2010 | |
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 | |
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 |
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
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
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
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
2010
Overview
Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer.
Last round
Venture
Total raised
$ 56,450,000
Employee
51-200
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
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
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
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
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