Easy Solar
company
About
Last-mile distribution company making energy, durable goods and financial services affordable and accessible for through pay-as-you-go tech
- 251 - 500
Details
- Last Funding Type
- Grant
- Last Funding Money Raised
- $850K
- Industries
- Clean Energy,CleanTech,Electrical Distribution,Energy,Financial Services,FinTech,Mobile Payments,Retail,Solar,Sustainability
- Founded date
- Jun 1, 2016
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Easy Solar is a leading energy distribution company in West Africa, financing high-quality solar products and appliances for those with limited or no access to the conventional grid. Customers can finance their purchase over time by paying in weekly or monthly installments, with the option to pay via cash or mobile money. To date, Easy Solar has reached more than 400,000 beneficiaries, distributed through its extensive network of agents and outlets throughout Sierra Leone and Liberia.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
$850K €500K
Easy Solar has raised a total of
$850K €500K
in funding over 2 rounds. Their latest funding was raised on
Dec 6, 2019 from a Grant round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 6, 2019 | Grant | $850K | 1 |
Africa Enterprise Challenge Fund (AECF)
|
— | Detail |
| Apr 11, 2019 | Debt Financing | €500K | 1 |
Cordaid Investment Management
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
2
2
Easy Solar is funded by 2 investors.
Africa Enterprise Challenge Fund (AECF)
and Cordaid Investment Management
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Africa Enterprise Challenge Fund (AECF)
|
Yes | Grant |
|
Cordaid Investment Management
|
Yes | Debt Financing |
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