Renewable Energy Startups in Africa
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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
$836.1M+
Total # of Companies
21
Total Deal Count
75
Total M&A Count
1
Total # of Investors
138
List of Renewable Energy startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
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 | |
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 | |
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 | |
Starsight Energy is a Nigerian independent energy efficiency startup delivering sustainable solar power and cooling services. | Debt Financing | $ 20,000,000 | 2008 | |
WATT aims to design, build, own, and operate (DBOOM) renewable energy (RE) projects through solar, wind, and biomass generation. | Venture | $ 13,000,000 | 2016 | |
Arnergy is a distributed utility leveraging on internet of things (IOT) in providing reliable solar power for businesses in emerging markets | Venture | $ 12,000,000 | 2003 | |
Renewvia Energy is an Africa-focused solar developer bringing clean, reliable power. | Funding Round | $ 11,000,000 | 2012 | |
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy. | Venture | $ 6,600,000 | 2016 | |
Solar Sister is a female-empowered startup focusing on the distribution of solar energy in developing countries | Funding Round | $ 5,000,000 | 2010 | |
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa. | Seed | $ 4,700,000 | 2014 | |
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 | |
Access solar energy with ease through SunFi's flexible payment plans. | Seed | $ 2,425,000 | 2021 | |
Auxano Solar Nig. Limited is a renewable energy solution provider with high proficiency in the solar energy industry. | Funding Round | $ 2,100,000 | 2014 | |
Infibranches is a Nigerian company with expertise in Product Development, Business value chain and Agent Network Management Services. | Seed | $ 2,000,000 | 2019 | |
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment. | Funding Round | $ 850,000 | 2018 | |
RecyclePoints is a waste recycling and social benefit enterprise that motivates people to recycle by creating value from everyday waste | Seed | $ 200,000 | 2015 |
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
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
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
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
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
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
Venture
Total raised
$ 12,000,000
Employee
11-50
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
2016
Overview
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy.
Last round
Venture
Total raised
$ 6,600,000
Employee
11-50
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
2014
Overview
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa.
Last round
Seed
Total raised
$ 4,700,000
Employee
2-10
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
2021
Overview
Access solar energy with ease through SunFi's flexible payment plans.
Last round
Seed
Total raised
$ 2,425,000
Employee
11-50
Founded
2014
Overview
Auxano Solar Nig. Limited is a renewable energy solution provider with high proficiency in the solar energy industry.
Last round
Funding Round
Total raised
$ 2,100,000
Employee
11-50
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
Founded
2018
Overview
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment.
Last round
Funding Round
Total raised
$ 850,000
Employee
2-10
Founded
2015
Overview
RecyclePoints is a waste recycling and social benefit enterprise that motivates people to recycle by creating value from everyday waste
Last round
Seed
Total raised
$ 200,000
Employee
11-50