ARNERGY - About the company
ARNERGY is a series B company based in Lagos (Nigeria), founded in 2013 by Femi Adeyemo. It operates as a Provider of solar power solutions for residential and commercial. ARNERGY has raised $30M in funding from investors like All On, CardinalStone and Breakthrough Energy. The company has 312 active competitors, including 8 funded and 2 that have exited. Its top competitors include companies like Solar-Saver, Rensource Energy and Lumos.
Company Details
ARNERGY is a provider of pay-as-you-go solar power solutions to commercial and residential clients. Offers three solar home systems packages and mini-grid solar solutions to provide electricity to rural Nigeria and South Africa.
- Website
- www.arnergy.com/
- Social
- Email ID
- *****@arnergy.com
- Phone Number
- +234 **********
Key Metrics
Founded Year
2013
Location
Lagos, Nigeria
Stage
Series B
Total Funding
$30M in 3 rounds
Latest Funding Round
Ranked
1st among 312 active competitors
Employee Count
88 as on Jul 01, 2024
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ARNERGY's funding and investors
ARNERGY has raised a total funding of $30M over 3 rounds. Its first funding round was on Jun 23, 2019. Its latest funding round was a Series B round on Apr 14, 2025 for $*****. 6 investors participated in its latest round. ARNERGY has 7 institutional investors.
Here is the list of recent funding rounds of ARNERGY:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 14, 2025 | 7338101 | Series B | 3256704 | 7332138 | 9301058 | 7406040 |
Feb 15, 2024 | 5302355 | Series A | 1505879 | 2519135 | 2506331 | 6768049 |
Jun 23, 2019 | 4987635 | Series A | 3593546 | 1431204 |
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ARNERGY's founders and board of directors
Founder? Claim ProfileThe founders of ARNERGY is Femi Adeyemo. Femi Adeyemo is the CEO of ARNERGY.
Here are the details of ARNERGY's key team members:
- Femi Adeyemo: Founder & CEO of ARNERGY.
View details of ARNERGY's Founder profiles and Board Members
ARNERGY's employee count trend
ARNERGY has 88 employees as of Jul 24. Here is ARNERGY's employee count trend over the years:
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ARNERGY's Competitors and alternates
Top competitors of ARNERGY include Solar-Saver, Rensource Energy and Lumos. Here is the list of Top 10 competitors of ARNERGY, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of solar power solutions for residential and commercial | $30M | 57/100 | ||
2nd |  Solar-Saver 2016, Windhoek (Namibia), Series B | Provider of rent-to-own solar PV systems on a commercial scale | $60M | 53/100 | |
3rd | Rensource Energy 2015, Lagos (Nigeria), Series A | Membership based solar power project developer | $23.5M | 48/100 | |
4th | Lumos 2013, Amsterdam (Netherlands), Series A | Distributed solar power for off-grid regions | $40M | 47/100 | |
5th | Grid Africa 2015, Johannesburg (South Africa), Seed | Provider of custom solar energy solutions for commercial and industrial clients | $2.8M | 35/100 | |
6th |  Auxano Solar 2016, Lagos (Nigeria), Unfunded | Privately owned PV manufacturing company in Nigeria, specializing in solar energy solutions. | - | - | 35/100 |
7th |  SOLA 2008, Cape Town (South Africa), Series B | Renewable energy company specializing in solar PV installation and providing global employment solutions for tech teams | $26.2M | - | 34/100 |
8th |  SolarWorks 2007, Cape Town (South Africa), Series A | Manufacturer of pay-as-you-go solar energy products | $2.3M | 34/100 | |
9th | Heirs Energies 2021, Lagos (Nigeria), Funding Raised | Operator of upstream assets and exploration opportunities across the energy value chain | - | 33/100 | |
10th | SED Energy 2022, Sandton (South Africa), Unfunded | Company that provides turnkey solar solutions to logistics companies, leveraging cutting-edge technology to optimize energy efficiency and sustainability | - | - | 32/100 |
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ARNERGY's Investments and acquisitions
ARNERGY has made no investments or acquisitions yet.
Reports related to ARNERGY
Here is the latest report on ARNERGY's sector:
News related to ARNERGY
Media has covered ARNERGY for 1 event in last 1 year.
•
Arnergy Secures $18M to Boost Nigeria's Clean Energy TransitionAfrica Business Communities•Apr 15, 2025•ARNERGY, CardinalStone Capital Advisers, British International Investment, Norfund and 3 others
•
•
Nigerian Cleantech Startup, Arnergy Secures $3m Bridge RoundTechawkng•Feb 17, 2024•ARNERGY, All On, Energy Ventures, ElectriFI and 3 others
•
Arnergy launches Diaspora Initiative; a home-based solar energy investment product for Nigerians abroadtechcityng.com•Nov 29, 2021•ARNERGY
•
Arnergy Raises $9M in Series A FundingFinSMEs•Aug 16, 2019•ARNERGY, Breakthrough Energy, Norges Bank Investment Management, European Development Finance Institutions and 1 other
•
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