Solarise Africa, a Kenya-based power leasing firm has raised $33.4 million in debt financing to increase its portfolio in Kenya and different chosen African international locations.
Based by Patrik Huber, Jan Albert Valk and Sakkie van Wijk in 2017, the corporate supplies dependable and reasonably priced decentralised power options for companies in Africa.
Via shut collaboration with its companions, the corporate affords modern full-service options that cowl designing, constructing, financing and sustaining renewable power installations. The corporate additionally supplies power leasing firm for photo voltaic and different power property specializing in business and industrial shoppers (C&I).
In 2020, the corporate raised a $10 million Collection B, which was adopted by a $5.9 million debt funding in 2021 to maintain its development throughout the continent.
The funding got here from Facility for Power Inclusion (FEI), who led the spherical with $21.4 million of the whole quantity, and joined by AfricaGoGreen and Oikocredit, a social affect investor and worldwide cooperative with over 45 years of expertise funding organizations lively in monetary inclusion, agriculture and renewable power.
