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African Startup Funding Tracker

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Sun King Raises USD 260 Mn Series D To Widen Clean Energy Access In Africa
Sun King Raises USD 260 Mn Series D To Widen Clean Energy Access In Africa

Sun King, one of the largest solar companies in Africa and Asia, has raised USD 260 Mn in series D funding to deliver off-grid energy technologies to more people across the two continents. The latest funding round was led by BeyondNetZero, the climate investing venture of General Atlantic, with participation from M&G Investments’ Catalyst and Arch Emerging Markets Partners

Sun King is an off-grid solar energy company with product design, financing, and a grassroots installation model to provide energy to the 1.8 billion consumers across Africa and Asia who lack access to reliable electricity. The company plans to use USD 100 Mn to expand its pay-as-you-go solutions and introduce larger setups that are capable of powering appliances like refrigerators.