Renewable Energy Startups in Africa
Step into the thriving world of Renewable Energy startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Renewable Energy.
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