Solar Energy Startups in Africa
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Solar boom intensifies, driven by soaring energy costs and ambitious decarbonization targets. Local businesses embrace off-grid solutions to mitigate power outages and reduce expenses. Investors prioritize sustainable returns, fueling project developments across the region.
Cummulative Funding
$370M+
Total # of Companies
29
Total Deal Count
94
Total M&A Count
1
Total # of Investors
129
List of Solar Energy startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
CrossBoundary is a mission driven investment firm that unlocks the power of capital for sustainable growth and strong returns in underserved markets. | Private Equity | $ 100,000,000 | 2011 | |
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 | $ 75,670,000 | 2019 | |
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi. | Debt Financing | $ 57,025,000 | 2018 | |
KarmSolar is Egypt's largest private solar utility company | Debt Financing | $ 30,219,000 | 2011 | |
SolarX provides turnkey solar solutions, financing, and leasing for West African businesses. | Debt Financing | $ 23,300,000 | 2020 | |
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 | |
Grid Africa is a leader in solar energy solutions, dedicated to advancing the adoption of renewable energy across Africa. | Funding Round | $ 16,800,000 | 2015 | |
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa. | Grant | $ 15,900,000 | 2014 | |
Hohm helps homeowners and businesses to go solar with accredited solar installers, product suppliers and embedded solar finance. | Seed | $ 10,646,549 | 2021 | |
Prado Power delivers scalable solar energy to underserved Nigerian communities. | Funding Round | $ 8,200,000 | 2015 | |
Zero Carbon Charge is a South African startup specialising in clean mobility infrastructure. | Seed | $ 5,600,000 | 2022 | |
Rana offers an innovative and customer centric energy solution that drives energy transition, and economic growth in Africa. | Pre-seed | $ 3,120,000 | 2022 | |
Deevabits Green Energy is a for-profit social enterprise that distributes Energy products and services to rural customers. | Funding Round | $ 1,561,000 | 2016 | |
Solarbox is the emerging leader of electric mobility solutions for businesses in West Africa. | Pre-seed | $ 1,000,000 | 2022 | |
HelloSolar is the first Pay-as-you-Go solar energy provider to operate in Ethiopia. | Series A | $ 1,000,000 | 2018 | |
Energy+ is an off-grid solar company on a mission to deliver affordable and reliable energy to off-grid households in Mali | Venture | $ 1,000,000 | 2017 | |
ICE Solar delivers affordable solar‑battery energy solutions to Nigerian SMEs. | Venture | $ 250,000 | 2016 | |
Aptech Africa Ltd. is the leading Solar Energy Specialist in Africa. | Grant | $ 110,000 | 2011 | |
NoorNation is manufacturing tech-enabled decentralized energy and water infrastructure solutions. | Seed | $ 20,000 | 2021 | |
Solar Freeze offers solar powered mobile cold storage for smallholder farmers | Non-equity Assistance | $ 20,000 | 2016 |
Founded
2011
Overview
CrossBoundary is a mission driven investment firm that unlocks the power of capital for sustainable growth and strong returns in underserved markets.
Last round
Private Equity
Total raised
$ 100,000,000
Employee
51-200
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
$ 75,670,000
Employee
51-200
Founded
2018
Overview
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.
Last round
Debt Financing
Total raised
$ 57,025,000
Employee
11–50
Founded
2011
Overview
KarmSolar is Egypt's largest private solar utility company
Last round
Debt Financing
Total raised
$ 30,219,000
Employee
51-200
Founded
2020
Overview
SolarX provides turnkey solar solutions, financing, and leasing for West African businesses.
Last round
Debt Financing
Total raised
$ 23,300,000
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
Debt Financing
Total raised
$ 18,600,000
Employee
11-50
Founded
2015
Overview
Grid Africa is a leader in solar energy solutions, dedicated to advancing the adoption of renewable energy across Africa.
Last round
Funding Round
Total raised
$ 16,800,000
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
2021
Overview
Hohm helps homeowners and businesses to go solar with accredited solar installers, product suppliers and embedded solar finance.
Last round
Seed
Total raised
$ 10,646,549
Employee
51-200
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
2022
Overview
Zero Carbon Charge is a South African startup specialising in clean mobility infrastructure.
Last round
Seed
Total raised
$ 5,600,000
Employee
11-50
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
Founded
2016
Overview
Deevabits Green Energy is a for-profit social enterprise that distributes Energy products and services to rural customers.
Last round
Funding Round
Total raised
$ 1,561,000
Employee
11-50
Founded
2022
Overview
Solarbox is the emerging leader of electric mobility solutions for businesses in West Africa.
Last round
Pre-seed
Total raised
$ 1,000,000
Employee
11-50
Founded
2018
Overview
HelloSolar is the first Pay-as-you-Go solar energy provider to operate in Ethiopia.
Last round
Series A
Total raised
$ 1,000,000
Employee
11-50
Founded
2017
Overview
Energy+ is an off-grid solar company on a mission to deliver affordable and reliable energy to off-grid households in Mali
Last round
Venture
Total raised
$ 1,000,000
Employee
11-50
Founded
2016
Overview
ICE Solar delivers affordable solar‑battery energy solutions to Nigerian SMEs.
Last round
Venture
Total raised
$ 250,000
Employee
11-50
Founded
2011
Overview
Aptech Africa Ltd. is the leading Solar Energy Specialist in Africa.
Last round
Grant
Total raised
$ 110,000
Employee
51-200
Founded
2021
Overview
NoorNation is manufacturing tech-enabled decentralized energy and water infrastructure solutions.
Last round
Seed
Total raised
$ 20,000
Employee
11-50
Founded
2016
Overview
Solar Freeze offers solar powered mobile cold storage for smallholder farmers
Last round
Non-equity Assistance
Total raised
$ 20,000
Employee
11-50