How much funding have Renewable Energy startups in Nigeria raised?

Renewable Energy startups in Nigeria have raised $1.2B across 146 disclosed rounds.

Who invests in Renewable Energy startups in Nigeria?

All On has backed 10 of them, followed by FMO (6) and International Finance Corporation (4). 174 investors have backed Renewable Energy startups in Nigeria in total.

Where in Nigeria are Renewable Energy startups based?

Lagos (19), Abuja (9) and Kaduna (2) have the most.

Sector × countryUpdated daily

Renewable Energy startups in Nigeria

StartupList Africa tracks 37 Renewable Energy startups in Nigeria, which have raised $1.2B across 146 disclosed rounds. Lagos has the most, with 19, followed by Abuja (9) and Kaduna (2). 174 investors have backed them.

Companies: 37; in Nigeria
Total raised: $1.2B; 146 rounds
Investors: 174; backed them

Updated 28 Oct 202637 companiesSource: SLA Startup IndexHow sectors are assigned →Full directory →

Renewable Energy startups in Nigeria37

All 37 →

#	Startup	What they do	Last round	Raised	Team
1	KAMIM TechnologiesNigeria	Solar-powered cold storage, productive-use energy and solar EPC services for agriculture in Nigeria.	Grant	Not disclosed
2	Safebox EnergyNigeria	Benin City clean-energy company that designs, installs, monitors and maintains solar systems and offers energy-as-a-service.	Grant	Not disclosed
3	Nimsy Agro Solar ConceptNigeria	Solar-powered irrigation and post-harvest equipment for smallholder farmers in Nigeria.	Grant	Not disclosed
4	SPARK IndustriesNigeria	Industrializing Mineral Value Chains	-	Not disclosed	6–10
5	Solar Hub Technologies LtdNigeria	Powering Possibilities. Empowering Lives.	-	Not disclosed	1–10
6	Zola ElectricNigeria	Technology platform for distributed energy providers	Venture	$306M	1,001–5,000
7	LumosNigeria	Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.	Debt Financing	$212M	201–500
8	Husk Power SystemsNigeria	Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources	Debt Financing	$169M	1,001–5,000
9	Odyssey Energy SolutionsNigeria	Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy.	Venture	$113M	51–200
10	Daystar PowerNigeria	Solar power and Energy efficiency solutions for businesses	Debt Financing	$89M	51–100
11	Azuri TechnologiesNigeria	Azuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes.	Corporate	$51M	201–500
12	ARNERGYNigeria	Arnergy is a distributed utility leveraging on internet of things (IOT) in providing reliable solar power for businesses in emerging markets	Series B	$42M	11–50
13	NithioNigeria	Nithio is a climate fintech platform financing clean energy and electric mobility businesses across Africa.	Debt Financing	$36M	2–10
14	Starsight EnergyNigeria	Starsight Energy is a Nigerian independent energy efficiency startup delivering sustainable solar power and cooling services.	Debt Financing	$35M	51–200
15	OandoNigeria	Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage.	Secondary Market	$35M
16	Rensource EnergyNigeria	Rensource allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.	Venture	$27M	151–200
17	Darway CoastNigeria	Darway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid.	Funding Round	$26M	51–200
18	Okra SolarNigeria	Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy.	Debt Financing	$19M	11–50
19	KoolboksNigeria	Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa.	Debt Financing	$17M	2–10
20	WATTNigeria	WATT aims to design, build, own, and operate (DBOOM) renewable energy (RE) projects through solar, wind, and biomass generation.	Venture	$13M	51–200

SLA Startup Index · as of 28 Oct 2026 · raised is disclosed funding

Showing 1–20 of 37 · Open in the directory

Frequently asked about Renewable Energy in Nigeria

How many Renewable Energy startups are there in Nigeria?: StartupList Africa tracks 37 Renewable Energy startups in Nigeria.
How much funding have Renewable Energy startups in Nigeria raised?: Renewable Energy startups in Nigeria have raised $1.2B across 146 disclosed rounds.
Who invests in Renewable Energy startups in Nigeria?: All On has backed 10 of them, followed by FMO (6) and International Finance Corporation (4). 174 investors have backed Renewable Energy startups in Nigeria in total.
Where in Nigeria are Renewable Energy startups based?: Lagos (19), Abuja (9) and Kaduna (2) have the most.

Cite this page

StartupList Africa, “Renewable Energy startups in Nigeria”, updated 28 Oct 2026.

startuplist.africa/countries/nigeria/industries/renewable-energy