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
$201.9M+
Total # of Companies
14
Total Deal Count
35
Total M&A Count
0
Total # of Investors
56
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 | |
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi. | Series B | $ 55,025,000 | 2018 | |
KarmSolar is Egypt's largest private solar utility company | Debt Financing | $ 25,000,000 | 2011 | |
Hohm helps homeowners and businesses to go solar with accredited solar installers, product suppliers and embedded solar finance. | Seed | $ 8,500,000 | 2021 | |
Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy. | Venture | $ 6,600,000 | 2016 | |
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa. | Seed | $ 4,700,000 | 2014 | |
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 | |
HelloSolar is the first Pay-as-you-Go solar energy provider to operate in Ethiopia. | Series A | $ 1,000,000 | 2018 | |
Aptech Africa Ltd. is the leading Solar Energy Specialist in Africa. | Grant | $ 110,000 | 2011 | |
Kuza Coolers is a Kenyan manufacturing company in Mombasa that produces and distributes solar-powered freezers. | Non-equity Assistance | $ 15,000 | 2021 | |
Pro Technology is an Egyptian startup which provides clean energy solutions for homes and businesses | Undisclosed | Undisclosed | 2018 | |
WiSolar is an on-demand prepaid solar utility. | Undisclosed | Undisclosed | 2016 | |
Energy and electrical service and product provider company | Undisclosed | Undisclosed | 2019 | |
MeshPower Rwanda is an Energy Tech platform that uses innovative technology to provide affordable electricity services to communities in Rwanda. | Grant | Undisclosed | 2012 |
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
2018
Overview
Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.
Last round
Series B
Total raised
$ 55,025,000
Employee
11β50
Founded
2011
Overview
KarmSolar is Egypt's largest private solar utility company
Last round
Debt Financing
Total raised
$ 25,000,000
Employee
51-200
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
$ 8,500,000
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
Venture
Total raised
$ 6,600,000
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
Seed
Total raised
$ 4,700,000
Employee
2-10
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
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
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
Kuza Coolers is a Kenyan manufacturing company in Mombasa that produces and distributes solar-powered freezers.
Last round
Non-equity Assistance
Total raised
$ 15,000
Employee
11-50
Founded
2018
Overview
Pro Technology is an Egyptian startup which provides clean energy solutions for homes and businesses
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2016
Overview
WiSolar is an on-demand prepaid solar utility.
Last round
Undisclosed
Total raised
$ 0
Employee
50-100
Founded
2019
Overview
Energy and electrical service and product provider company
Last round
Undisclosed
Total raised
$ 0
Employee
10-50
Founded
2012
Overview
MeshPower Rwanda is an Energy Tech platform that uses innovative technology to provide affordable electricity services to communities in Rwanda.
Last round
Grant
Total raised
$ 0
Employee
11-50