About ARNERGY
ARNERGY is a company based in Lagos (Nigeria) founded in 2013 by Femi Adeyemo.. ARNERGY has raised $30 million across 3 funding rounds from investors including Norfund, British International Investment and CardinalStone. ARNERGY offers products and services including Arnergy ZeD Lite, AGEN, Inaeko, and Opulence Series. ARNERGY operates in a competitive market with competitors including SolarCity, Sunrun, Sunnova, SunPower and Vivint Solar, among others.
- Headquarter Lagos, Nigeria
- Founders Femi Adeyemo
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 3 rounds
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Latest Funding Round
$18 M (USD), Series B
Apr 14, 2025
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Investors
Norfund
& 6 more
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Employee Count
Employee Count
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Products & Services of ARNERGY
ARNERGY offers a comprehensive portfolio of products and services, including Arnergy ZeD Lite, AGEN, Inaeko, and Opulence Series. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Portable solar system for reliable home power supply.
Solar solution for energy storage and usage.
Modular unit for scalable solar energy needs.
High-capacity solar setup for commercial applications.
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Funding Insights of ARNERGY
ARNERGY has successfully raised a total of $30M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $18 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $18.0M
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First Round
First Round
(23 Jun 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - ARNERGY | Valuation | CardinalStone , All On | |
| Feb, 2024 | Amount | Series A - ARNERGY | Valuation | All On |
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| Jun, 2019 | Amount | Series A - ARNERGY | Valuation | Breakthrough Energy |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ARNERGY
ARNERGY has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Norfund, British International Investment and CardinalStone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Climate solutions are advanced via venture capital and startup acceleration.
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Government agency focused on small and medium-sized businesses
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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ARNERGY
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ARNERGY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Arnergy Comparisons
Competitors of ARNERGY
ARNERGY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SolarCity, Sunrun, Sunnova, SunPower and Vivint Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar power systems are designed, financed, and installed for clients.
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| domain | founded_year | HQ Location |
Solar energy services are provided to residential customers nationwide.
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Provider of solar installation and designing services for residential
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| domain | founded_year | HQ Location |
Power retailing company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Arnergy
Frequently Asked Questions about ARNERGY
When was ARNERGY founded?
ARNERGY was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is ARNERGY located?
ARNERGY is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of ARNERGY?
Femi Adeyemo is the current CEO of ARNERGY. They have also founded this company.
Is ARNERGY a funded company?
ARNERGY is a funded company, having raised a total of $30M across 3 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Jun 23, 2019.
What does ARNERGY do?
ARNERGY was founded in 2013 and is headquartered in Lagos, Nigeria. Solar power solutions are offered on a pay-as-you-go basis to residential and commercial clients in Nigeria and South Africa. Three packages of solar home systems are available, along with mini-grid solutions designed for rural electrification. Operations focus on the renewable energy sector to address electricity access in underserved areas.
Who are the top competitors of ARNERGY?
What products or services does ARNERGY offer?
ARNERGY offers Arnergy ZeD Lite, AGEN, Inaeko, and Opulence Series.
Who are ARNERGY's investors?
ARNERGY has 7 investors. Key investors include Norfund, British International Investment, CardinalStone, Breakthrough Energy, and Edfimc.