Africa Angel Investors Network

Funding Tracker                 


PowerGen

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Providing solar mini-grids in off-grid areas


Location: Kenya
Website: https://www.powergen-renewable-energy.com/
Sector: Energy & Water
Funding Stage: Series B, Debt,
Total Funding ($m): 24
# of Founders: 4
Founding Year: 2010
Funding Year: 2021
Status: Active
YearAmountStageInvestors
2019$15mSeries BShell Foundation, Sumitomo Corporation, Renewable Energy Performance Platform (REPP), Omidyar network, EDFI ElectriFi, DOB Equity, Acumen Fund
2021$9mDebtOikocredit, Triodos Investment Management, EDFI ElectriFi
Aaron Cheng, Sam Slaughter, Alastair Smith, Mark Wopicho
Series B $15m
Shell Foundation, Sumitomo Corporation, Renewable Energy Performance Platform (REPP), Omidyar network, EDFI ElectriFi, DOB Equity, Acumen Fund

Debt $9m
Oikocredit, Triodos Investment Management, EDFI ElectriFi


News
https://www.electrifi.eu/news/powergen-partners-with-edfi-electrifi-and-other-investors-to-connect-55000-people-to-electricity-in-rural-nigeria/