Kenya’s SunCulture raises US$14m from EAV to distribute solar powered water pumps

KENYA – Kenyan start-up SunCulture, a provider of solar water pumps for irrigation, has raised US$14 million from Energy Access Ventures (EAV), Electricité de France (EDF), Acumen Capital Partners (ACP) and Dream Project Incubators (DPI). This funding will be used to disseminate its solutions in seven African countries. The young company has carried out the financial mobilisation which has enabled it to secure US$14 million. The funds were raised from four investors, including Energy Access Ventures (EAV), Electricité de France (EDF), Acumen Capital Partners (ACP) and Dream Project Incubators (DPI).…

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Kenyan energy company Solarise raises US$10m Series B funding round

KENYA – Kenya-based clean energy and energy efficiency leasing company Solarise has raised a US$10 million Series B funding round to scale further across the continent. Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk, Solarise Africa is an energy leasing company for solar and other energy assets focusing on commercial and industrial clients. The company, which provides smart financing via a selected group of partners, completed its Series A round last year and has now raised a Series B to help it further scale. The cash comes…

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Energy Access Ventures makes follow-on investment in Solarise Africa for clean energy

AFRICA – Energy Access Ventures (EAV) has announced a follow-on investment in Solarise Africa, a pan-African clean energy and energy efficiency leasing company. The round was led by French development finance institution, Proparco, which invested the US$4.74 million in quasi equity through the AFD Group EU-funded African Renewable Energy Scale-Up facility, alongside existing investors, EAV and EDFI ElectriFI, an EU-funded impact investment facility. “We are grateful for the support we have received by EAV as our anchor investor and by the confidence our existing investors EAV and Electrifi have shown…

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InspiraFarms closes Series B investment round led by KawiSafi to expand its footprint

AFRICA – InspiraFarms, a provider of on- and off-grid cold storage solutions in East and Southern Africa, has closed a Series B to further expand its operations in the region.   The series was led by KawiSafi Ventures, a growth equity fund focused on renewable energy in East Africa. Existing investors Energy Access Ventures and PYMWYMIC also participated in the round along with Untapped, which was closed in April 2020.  “We are excited to join forces with other investors to support InspiraFarms in its growth journey. At KawiSafi, we see InspiraFarms as a world-class leader…

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