SunFunder

SunFunder is a solar energy finance business with a mission to provide financing for solar assets in emerging economies, including inventory, working capital, construction, and structured finance loans. The company offers borrowers deep solar market expertise, and efficient due diligence process, and strong customer partnerships, while simultaneously providing investors with diversified, high-impact, fixed income debt offerings of emerging market solar investments. SunFunder is a well-positioned financial intermediary that has been operating since 2012.

Avi Jacobson

Investment Director

Ryan Levinson

Founder and CEO

17 past transactions

M-KOPA

Debt Financing in 2023
M-KOPA provides connected asset financing solutions for underbanked customers. Its platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services, and more.

Zola Electric

Debt Financing in 2021
ZOLA Electric designs renewable energy solutions based on the latest in solar, battery and power electronics technology. Adaptable to energy need and income, ZOLA Electric’s solar systems can be bought over time using PAYGo micro-finance leasing and mobile money payments. ZOLA Electric powers more than 180,000 homes and businesses across Tanzania, Rwanda, Côte d’Ivoire and Ghana. Investors include Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF, Total and GE Ventures. ZOLA Electric is a recipient of the UN Momentum for Change Award, the Zayed Future Energy Prize and is a member of the Global Cleantech 100.

SunCulture

Debt Financing in 2021
SunCulture is a company based in Nairobi, Kenya which sells the AgroSolar Irrigation Kit, an entirely solar-powered drip irrigation system. The kit combines solar water pumping technology with high-efficiency drip irrigation and includes everything a farmer needs to grow more while spending less, in a sustainable and energy-efficient way. SunCulture has developed a novel and unique product that simplifies farming and increases crop yields. They are also the only "one-stop shop" for Kenyan farmers, as they provide a solar water pumping solution, an entire drip irrigation kit, agronomic services, educational training, access to capital and access to markets in rural Kenya —Â their approach focuses on quality of both product and services.

Daystar Power

Debt Financing in 2020
Daystar Power specialises in providing solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors that result in significant reduction of power costs, diesel consumption and pollution.

d.light

Debt Financing in 2019
D.light is a solar home lighting and power product developer. The company's solar goods, which include lights, radios, televisions, fans, and other home appliances, are rechargeable solar kits, allowing rural and semi-urban people to access solar-powered lighting and appliances. Their products are designed to improve health, increase productivity, and enhance the quality of life for users.

PEG

Series C in 2019
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

PEG

Debt Financing in 2019
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

SolarWorks!

Debt Financing in 2019
SolarWorks! develops, manufactures and markets high quality solar solutions for lighting and low voltage (6-12V) electricity provision for occasions where there is no or limited access to electricity.

SolarNow

Debt Financing in 2019
SolarNow provides solar energy and financing solutions in East Africa through its subsidiary. It offers solar home systems, electrical appliances, and power solutions that are designed to fit the needs of rural and urban households, entrepreneurs, and institutions. SolarNow offers household, small business, farming, and corporate solutions. Willem Nolens founded it in 2011, with its headquarters in Nijmegen in the Netherlands and branch locations in Uganda and Kenya.

Zola Electric

Debt Financing in 2018
ZOLA Electric designs renewable energy solutions based on the latest in solar, battery and power electronics technology. Adaptable to energy need and income, ZOLA Electric’s solar systems can be bought over time using PAYGo micro-finance leasing and mobile money payments. ZOLA Electric powers more than 180,000 homes and businesses across Tanzania, Rwanda, Côte d’Ivoire and Ghana. Investors include Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF, Total and GE Ventures. ZOLA Electric is a recipient of the UN Momentum for Change Award, the Zayed Future Energy Prize and is a member of the Global Cleantech 100.

Questworks

Debt Financing in 2018
Questworks offers turnkey construction, PV solar and office fit-out solutions.

d.light

Debt Financing in 2018
D.light is a solar home lighting and power product developer. The company's solar goods, which include lights, radios, televisions, fans, and other home appliances, are rechargeable solar kits, allowing rural and semi-urban people to access solar-powered lighting and appliances. Their products are designed to improve health, increase productivity, and enhance the quality of life for users.

Sun King

Private Equity Round in 2017
Sun King (formerly Greenlight Planet) is a solar company that designs, distributes, installs, and finances solar home energy products across Africa and Asia. Sun King produces solar home systems, inverter systems, and portable lanterns providing a solution for communities that live without reliable energy access. Sun King also offers pay-as-you-go financing options further allowing consumers to access energy without high up-front costs. Sun King works with their network of international distribution partners to expand the off-grid market.

SolarNow

Debt Financing in 2017
SolarNow provides solar energy and financing solutions in East Africa through its subsidiary. It offers solar home systems, electrical appliances, and power solutions that are designed to fit the needs of rural and urban households, entrepreneurs, and institutions. SolarNow offers household, small business, farming, and corporate solutions. Willem Nolens founded it in 2011, with its headquarters in Nijmegen in the Netherlands and branch locations in Uganda and Kenya.

PEG

Debt Financing in 2016
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.

d.light

Debt Financing in 2016
D.light is a solar home lighting and power product developer. The company's solar goods, which include lights, radios, televisions, fans, and other home appliances, are rechargeable solar kits, allowing rural and semi-urban people to access solar-powered lighting and appliances. Their products are designed to improve health, increase productivity, and enhance the quality of life for users.

SolarNow

Debt Financing in 2016
SolarNow provides solar energy and financing solutions in East Africa through its subsidiary. It offers solar home systems, electrical appliances, and power solutions that are designed to fit the needs of rural and urban households, entrepreneurs, and institutions. SolarNow offers household, small business, farming, and corporate solutions. Willem Nolens founded it in 2011, with its headquarters in Nijmegen in the Netherlands and branch locations in Uganda and Kenya.
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