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