About Solarise Africa
Solarise Africa is a company based in Nairobi (Kenya) founded in 2017.. Solarise Africa has raised $10 million across 6 funding rounds from investors including TRINE, Proparco and ElectriFI. Solarise Africa offers products and services including Decentralised Energy Solutions and Solar Projects. Solarise Africa operates in a competitive market with competitors including SolarCity, Sunnova, PosiGen, M Kopa and SolarSquare, among others.
- Headquarter Nairobi, Kenya
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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
$10 M (USD)
in 6 rounds
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Latest Funding Round
$3 M (USD), Grant
Dec 21, 2022
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Investors
TRINE
& 6 more
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Employee Count
Employee Count
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Products & Services of Solarise Africa
Solarise Africa offers a comprehensive portfolio of products and services, including Decentralised Energy Solutions and Solar Projects. 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.
Offers reliable energy installations and maintenance for businesses
Provides rooftop and ground mounted solar systems up to 3MW
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Funding Insights of Solarise Africa
Solarise Africa has successfully raised a total of $10M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $3 million completed in December 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 6
- Last Round Grant — $3.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Grant - Solarise Africa | Valuation |
investors |
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| Nov, 2022 | Amount | Debt – Conventional - Solarise Africa | Valuation |
investors |
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| Sep, 2021 | Amount | Debt – Conventional - Solarise Africa | Valuation |
investors |
| 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 Solarise Africa
Solarise Africa has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include TRINE, Proparco 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 |
|---|---|---|---|---|
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Investments in green energy infrastructure are managed by the fund.
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Founded Year | Domain | Location | |
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Economic development investments are financed through specialized solutions by Proparco.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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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 Solarise Africa
| 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 - Solarise Africa
| 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 |
Solarise Africa Comparisons
Competitors of Solarise Africa
Solarise Africa 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, Sunnova, PosiGen, M Kopa and SolarSquare, 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 services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Solar panel energy solutions are provided to enterprises.
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| domain | founded_year | HQ Location |
Affordable solar power is provided to households in Kenya.
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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| domain | founded_year | HQ Location |
Loans for residential solar systems are financed for homeowners.
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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 Solarise Africa
Frequently Asked Questions about Solarise Africa
When was Solarise Africa founded?
Solarise Africa was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Solarise Africa located?
Solarise Africa is headquartered in Nairobi, Kenya.
Is Solarise Africa a funded company?
Solarise Africa is a funded company, having raised a total of $10M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5.9M, raised on Oct 01, 2018.
What does Solarise Africa do?
Solarise Africa was founded in 2017 and is based in Nairobi, Kenya. Operations focus on the solar energy sector, where financing and leasing solutions are delivered to commercial and industrial clients. Services encompass smart financing options, leasing arrangements, power purchase agreements, and related models for rooftop and ground-mounted solar PV systems sized between 100kW and 3MW.
Who are the top competitors of Solarise Africa?
What products or services does Solarise Africa offer?
Solarise Africa offers Decentralised Energy Solutions and Solar Projects.
Who are Solarise Africa's investors?
Solarise Africa has 7 investors. Key investors include TRINE, Proparco, ElectriFI, Oikocredit, and FEI.