Deevabits Green Energy is a social enterprise company that distributes and finances green energy technologies to the rural communities.
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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
KCB Group | Yes | Debt Financing |
Africa Enterprise Challenge Fund (AECF) | Yes | Grant |