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
$267.7M+
Total # of Companies
17
Total Deal Count
43
Total M&A Count
0
Total # of Investors
70
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. | Debt Financing | $ 57,025,000 | 2018 | |
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 | $ 48,000,000 | 2019 | |
KarmSolar is Egypt's largest private solar utility company | Debt Financing | $ 25,000,000 | 2011 | |
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 | |
Hohm helps homeowners and businesses to go solar with accredited solar installers, product suppliers and embedded solar finance. | Seed | $ 8,500,000 | 2021 | |
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa. | Seed | $ 4,700,000 | 2014 | |
Grid Africa is a leader in solar energy solutions, dedicated to advancing the adoption of renewable energy across Africa. | Venture | $ 2,800,000 | 2015 | |
HelloSolar is the first Pay-as-you-Go solar energy provider to operate in Ethiopia. | Series A | $ 1,000,000 | 2018 | |
Solarbox is the emerging leader of electric mobility solutions for businesses in West Africa. | Pre-seed | $ 1,000,000 | 2022 | |
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 | |
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 | |
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 | |
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 |
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
Debt Financing
Total raised
$ 57,025,000
Employee
11β50
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
$ 48,000,000
Employee
51-200
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
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
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
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
2015
Overview
Grid Africa is a leader in solar energy solutions, dedicated to advancing the adoption of renewable energy across Africa.
Last round
Venture
Total raised
$ 2,800,000
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
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
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
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
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
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