Pan-African solar company Solarise Africa raises $33.4 million in debt financing
Solarise Africa, a Kenya-based energy leasing company has raised $33.4 million in debt financing to expand its portfolio in Kenya and other selected African countries.
Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk in 2017, the company provides reliable and affordable decentralised energy solutions for businesses in Africa.
Through close collaboration with its partners, the company offers innovative full-service solutions that cover designing, building, financing and maintaining renewable energy installations. The company also provides energy leasing company for solar and other energy assets focusing on commercial and industrial clients (C&I).
In 2020, the company raised a $10 million Series B, which was followed by a $5.9 million debt funding in 2021 to sustain its growth across the continent.
The funding came from Facility for Energy Inclusion (FEI), who led the round with $21.4 million of the total amount, and joined by AfricaGoGreen 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.
