In order to offer specialized financing options for decentralized energy solutions to selected commercial and industrial (C&I) clients throughout the continent, Kenyan energy business Solarise Africa has obtained an extra US $3 million from EDFI ElectriFI.
Patrik Huber, Jan Albert Valk, and Sakkie van Wijk founded Solarise Africa, a firm that specializes in leasing solar and other energy assets for businesses and industries (C&I).
The firm, which offers smart financing through a chosen set of partners, is already well-capitalized. It most recently raised $33.4 million in debt investment last month, and it has since acquired an extra US $3 million from prior investor EDFI ElectriFI.
The majority of this funding will go to Kenya, where the majority of Solarise Africa’s activities are situated, despite the fact that it has operations in Kenya, South Africa, Uganda, and Rwanda. In collaboration with host governments and EU Delegations, the Kenya ElectriFI Country Window was created.
“As an existing shareholder holding shares under the Series A and the Series B rounds, EDFI ElectriFI is proud to reinforce its partnership with Solarise Africa and to support the service platform to grow its assets portfolio in Kenya. We expect this investment to bridge the funding needs until the company closes its upcoming equity round,” said Geraldine Crosset, ElectriFI senior investment officer at EDFI MC.
“Solarise Africa appreciates the trust EDFI ElectriFI continues to place in us with this third investment. With the funds, we can further expand our team and hope to make solar energy a reality for more businesses and to help drive renewable energy adoption on the continent,” said Valk.
