Deevabits Green Energy

company

About

Deevabits Green Energy is a social enterprise company that distributes and finances green energy technologies to the rural communities.

  • 11 - 50

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$30K
Industries
Energy,GreenTech,Renewable Energy,Solar
Founded date
Feb 16, 2016
Number Of Employee
11 - 50
Operating Status
Active

Deevabits Green Energy is a for-profit social enterprise headquartered in Kenya that distributes and finances essential products and services to rural customers through a team of commission-based village social entrepreneurs (VSEs). The VSEs form a robust distribution channel for improving energy access to underserved rural areas. At the same time, we finance customers through the pay-as-you-go model which enables the poorest households to own solar lighting products by paying for them in small installments hence removing the barrier for upfront payment.

The company's vision is an Africa where everyone has equitable access to basic goods and services.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$254K
Deevabits Green Energy has raised a total of $254K in funding over 2 rounds. Their latest funding was raised on Oct 27, 2021 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 27, 2021 Debt Financing $30K 1 KCB Group Detail
Sep 1, 2020 Grant $224K 1 Africa Enterprise Challenge Fund (AECF) Detail

Investors

Number of Lead Investors
Number of Investors
2
2
Deevabits Green Energy is funded by 2 investors. KCB Group and Africa Enterprise Challenge Fund (AECF) are the most recent investors.
Investor Name Lead Investor Funding Round
KCB Group Yes Debt Financing
Africa Enterprise Challenge Fund (AECF) Yes Grant