Pan-African Energy-as-a-Service Company that provides reliable and affordable energy solutions across Africa, Solarise Africa raised $33.4 M to expand its portfolio in Kenya and other countries.
The funding round was led by Facility for Energy Inclusion (FEI) and Oikocredit, a social impact investor and worldwide cooperative with over 45 years of experience funding organizations active in financial inclusion, agriculture and renewable energy.
Solarise provides decentralized energy solutions for African businesses, providing innovative full-service solutions cutting across cover designing, building, financing, and maintaining renewable energy installations.
The CEO and Co-Founder of Solarise Africa, Jan Albert Valk said, “Throughout 2022, we have significantly grown our footprint and portfolio, and with this new loan, we will be able to catapult our efforts to advance renewable energy adoption in Africa. This proves that Solarise Africa has a solid business model. We are proud to welcome these three prestigious new investors.”