Solarise Africa, an energy leasing company, based in Kenya, has raised $33.4 million in debt financing to grow its business in Kenya and other parts of Africa.
Patrik Huber, Jan Albert Valk, and Sakkie van Wijk 2017 started the company. It helps businesses in Africa get reliable and affordable decentralized energy solutions.
The company provides cutting-edge full-service solutions that involve designing, constructing, financing, and managing renewable energy installations through close collaboration with its partners. Additionally, the business offers energy leasing services for solar and other energy assets, emphasizing business and industrial customers (C&I).
In 2020, the company got a $10 million Series B round of funding; in 2021, it earned $5.9 million in debt funding to keep its growth on the continent going.
The funding came from Facility for Energy Inclusion (FEI), which led the round with $21.4 million and was joined by AfricaGoGreen and Oikocredit, a social impact investor and worldwide cooperative with more than 45 years of experience funding organizations working in financial inclusion, agriculture, and renewable energy.