About Solar Panda
Solar Panda is a company based in Nairobi (Kenya) founded in 2017.. Solar Panda has raised $8 million across 1 funding round from investors including Oikocredit and ElectriFI. Solar Panda has completed 1 acquisition, including Vitalite Group. Solar Panda offers products and services including Home Kit and Premium Appliances. Solar Panda operates in a competitive market with competitors including Raino, One Degree Solar, SolarGen Technologies, Seven SS Stars Energy and Solibrium-solar, among others.
- Headquarter Nairobi, Kenya
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$8 M (USD)
in 1 rounds
-
Latest Funding Round
$8 M (USD), Series A
Jul 06, 2022
-
Investors
Oikocredit
& 1 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Solar Panda
Solar Panda offers a comprehensive portfolio of products and services, including Home Kit and Premium Appliances. 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.
Provides affordable solar kits for lighting and charging in rural homes.
Adds devices like TVs to existing solar systems for expanded energy use.
Unlock access to complete
Funding Insights of Solar Panda
Solar Panda has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in July 2022. 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 1
- Last Round Series A — $8.0M
-
First Round
First Round
(06 Jul 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Solar Panda | Valuation | Oikocredit , ElectriFI |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solar Panda
Solar Panda has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Oikocredit and ElectriFI. 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 |
|---|---|---|---|---|
|
Private equity firm investing in multiple sectors
|
Founded Year | Domain | Location | |
|
Offers investments and support in renewable energy and agriculture sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Solar Panda
Solar Panda has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vitalite Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Rural solar home systems are installed via pay-as-you-go model.
|
2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Solar Panda
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solar Panda Comparisons
Competitors of Solar Panda
Solar Panda 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 Raino, One Degree Solar, SolarGen Technologies, Seven SS Stars Energy and Solibrium-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 |
Truck transportation services for cold chain logistics are provided.
|
|
| domain | founded_year | HQ Location |
Solar products are provided for off-grid rural markets in Africa.
|
|
| domain | founded_year | HQ Location |
Solar powered products are manufactured and supplied globally.
|
|
| domain | founded_year | HQ Location |
Offers solar water heaters, panels, batteries, and inverters for residential and commercial use.
|
|
| domain | founded_year | HQ Location |
Offers pay-as-you-go solar solutions for homes and businesses in rural areas.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Solar Panda
Frequently Asked Questions about Solar Panda
When was Solar Panda founded?
Solar Panda was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Solar Panda located?
Solar Panda is headquartered in Nairobi, Kenya.
Is Solar Panda a funded company?
Solar Panda is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Jul 06, 2022.
What does Solar Panda do?
Solar Panda, based in Nairobi, focuses on working in the energy sector, developing solar energy systems, solar products, multi-products, and diversified. Manufacturer of solar powered products. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Solar Panda?
Solar Panda's top competitors include Raino, One Degree Solar and SolarGen Technologies.
What products or services does Solar Panda offer?
Solar Panda offers Home Kit and Premium Appliances.
How many acquisitions has Solar Panda made?
Solar Panda has made 1 acquisition, including Vitalite Group.
Who are Solar Panda's investors?
Solar Panda has 2 investors. Key investors include Oikocredit, and ElectriFI.