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
$1.1B+
Total # of Companies
30
Total Deal Count
126
Total M&A Count
1
Total # of Investors
229
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 | |
Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources | Debt Financing | $ 168,950,000 | 2008 | |
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 | |
Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy. | Debt Financing | $ 39,100,000 | 2017 | |
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 | |
Arnergy is a distributed utility leveraging on internet of things (IOT) in providing reliable solar power for businesses in emerging markets | Series B | $ 27,000,000 | 2003 | |
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 | |
Darway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid. | Funding Round | $ 25,850,000 | 2015 | |
Starsight Energy is a Nigerian independent energy efficiency startup delivering sustainable solar power and cooling services. | Debt Financing | $ 20,000,000 | 2008 | |
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy. | Debt Financing | $ 18,600,000 | 2016 | |
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa. | Grant | $ 15,900,000 | 2014 | |
WATT aims to design, build, own, and operate (DBOOM) renewable energy (RE) projects through solar, wind, and biomass generation. | Venture | $ 13,000,000 | 2016 | |
Renewvia Energy is an Africa-focused solar developer bringing clean, reliable power. | Funding Round | $ 11,000,000 | 2012 | |
Prado Power delivers scalable solar energy to underserved Nigerian communities. | Funding Round | $ 8,200,000 | 2015 | |
Solar Sister is a female-empowered startup focusing on the distribution of solar energy in developing countries | Funding Round | $ 5,000,000 | 2010 | |
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 | |
Rana offers an innovative and customer centric energy solution that drives energy transition, and economic growth in Africa. | Pre-seed | $ 3,120,000 | 2022 |
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
2008
Overview
Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources
Last round
Debt Financing
Total raised
$ 168,950,000
Employee
1,001-5,000
Founded
2017
Overview
Solar power and Energy efficiency solutions for businesses
Last round
Debt Financing
Total raised
$ 88,546,000
Employee
51-100
Founded
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
2017
Overview
Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy.
Last round
Debt Financing
Total raised
$ 39,100,000
Employee
51-200
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
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
Series B
Total raised
$ 27,000,000
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
2015
Overview
Darway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid.
Last round
Funding Round
Total raised
$ 25,850,000
Employee
51-200
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
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy.
Last round
Debt Financing
Total raised
$ 18,600,000
Employee
11-50
Founded
2014
Overview
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa.
Last round
Grant
Total raised
$ 15,900,000
Employee
2-10
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
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
2015
Overview
Prado Power delivers scalable solar energy to underserved Nigerian communities.
Last round
Funding Round
Total raised
$ 8,200,000
Employee
2-10
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
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
2022
Overview
Rana offers an innovative and customer centric energy solution that drives energy transition, and economic growth in Africa.
Last round
Pre-seed
Total raised
$ 3,120,000
Employee
2-10