SolarSaver, a leader in distributed solar and battery systems, has raised an equity round to further expand its operations across Southern Africa. The funding will support the deployment of solar and battery systems for small and medium-sized enterprises (SMEs) struggling with power shortages and rising electricity costs. The investment will also contribute to strengthening energy security in regions with persistent grid instability.
Company Overview
- Founded: 2015
- Core Product: Distributed solar energy systems and battery storage for SMEs
- Current Operations: Over 700 installations across South Africa, Namibia, Botswana, and Zambia
- Total Installed Capacity: Roughly 140 MW
- Mission: To provide reliable and affordable clean energy to businesses across Southern Africa, reducing dependency on unstable national grids.
Funding & Investors
- Funding Raised: New equity round to expand operations
- Lead Investors: Inspired Evolutionโs Evolution III Fund, Dutch development bank FMO
- Additional Investors: Swedfund
- Use of Funds: The capital will be used to deploy more solar and battery systems to support SMEs facing power shortages and rising electricity costs in Southern Africa.
Impact & Vision
- Grid Instability: SolarSaver aims to help mitigate the impact of unreliable grids in Southern Africa, where power shortages and rising electricity prices have hindered business productivity.
- Clean Energy Access: The companyโs solutions are designed to provide reliable, cost-effective, and clean energy, supporting businessesโ transition away from fossil fuels.
- Economic & Climate Resilience: The investment aligns with efforts to support job creation, private-sector growth, and climate resilience in the region.
Quotes
- Jonas Kolijn, Senior Investment Manager for energy and climate at Swedfund, said:
โAccess to dependable and affordable energy is essential for private-sector growth, job creation, and climate resilience. Through this investment, we help strengthen energy security and support fossil-free economic growth in one of Africaโs key economic regions.โ - SolarSaver’s CEO: The company aims to continue its work as a catalyst for sustainable energy access, transforming the way businesses in Southern Africa power their operations.
Summary Table
| Key Aspect | Details |
| Total Installed Capacity | 140 MW |
| Markets Served | South Africa, Namibia, Botswana, Zambia |
| Investment Raised | Equity round to expand operations |
| Lead Investors | Inspired Evolutionโs Evolution III Fund, Dutch development bank FMO |
| Additional Investors | Swedfund |
| Focus Area | Deploying solar and battery systems for SMEs facing energy challenges |
| Impact Goals | Improve energy security, foster economic growth, and drive climate resilience |
| Current Projects | Over 700 installations, helping businesses with power shortages |
