SolarAfrica - About the company
SolarAfrica is a series B company based in Centurion (South Africa), founded in 2011. It operates as a Provider of financial services for solar PV systems. SolarAfrica has raised $15M in funding. The company has 121 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like M Kopa, ARNERGY and SOLA.
Company Details
SolarAfrica provides solar PV systems on a rent-to-own basis for residential and commercial units. Partners with solar installers who install and operate systems which the company owns, manages and finances. Operates in places like Kenya, Ghana, Nigeria, Namibia and others.
- Website
- solarafrica.com
- Social
- Email ID
- *****@solarafrica.com
- Phone Number
- +27 **********
Key Metrics
Founded Year
2011
Location
Centurion, South Africa
Stage
Series B
Total Funding
$15M in 2 rounds
Latest Funding Round
Ranked
2nd among 121 active competitors
Employee Count
171 as on Sep 30, 2026
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SolarAfrica's funding and investors
SolarAfrica has raised a total funding of $15M over 2 rounds. Its first funding round was on Sep 10, 2024. Its latest funding round was a Conventional Debt round on Jan 21, 2026 for $*****. 2 investors participated in its latest round. SolarAfrica has 4 institutional investors.
Here is the list of recent funding rounds of SolarAfrica:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 21, 2026 | 5512140 | Conventional Debt | 3026931 | 5140908 | 8172888 | 6227240 |
Sep 10, 2024 | 7605790 | Series B | 8592504 | 4495517 | 6907290 |
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SolarAfrica's founders and board of directors
Founder? Claim ProfileSolarAfrica's employee count trend
SolarAfrica has 171 employees as of Sep 26. Here is SolarAfrica's employee count trend over the years:
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SolarAfrica's Competitors and alternates
Top competitors of SolarAfrica include M Kopa, ARNERGY and SOLA. Here is the list of Top 10 competitors of SolarAfrica, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of affordable solar power for households | $241M | 71/100 | ||
2nd | SolarAfrica 2011, Centurion (South Africa), Series B | Provider of financial services for solar PV systems | $15M | 55/100 | |
3rd | Provider of solar power solutions for residential and commercial | $30M | 44/100 | ||
4th |  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 | - | 44/100 |
5th |  SolarWorks 2007, Cape Town (South Africa), Series A | Manufacturer of pay-as-you-go solar energy products | $2.3M | 36/100 | |
6th |  Green Wave Group 2009, Johannesburg (South Africa), Unfunded | Provider of building management systems, solar energy, and smart metering | - | - | 26/100 |
7th | Rubicon 1986, Cape Town (South Africa), Unfunded | Provider of solar services for commercial & residential | - | - | 25/100 |
8th |  Sunworx Solar Johannesburg (South Africa), Unfunded | Provider of solar photovoltaic systems for residential and commercial use | - | - | 23/100 |
9th |  Alumo 2017, Pretoria (South Africa), Unfunded | Provider of residential and commercial solar energy and battery systems | - | - | 22/100 |
10th | _1558418310030.png?devicePixelRatio=2&height=30&width=30){kind=logo} Wisolar 2016, Sandton (South Africa), Unfunded | Commercial and Residential solar power solutions | - | - | 22/100 |
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SolarAfrica's Investments and acquisitions
SolarAfrica has made no investments or acquisitions yet.
Reports related to SolarAfrica
Here is the latest report on SolarAfrica's sector:
News related to SolarAfrica
Filter this listMedia has covered SolarAfrica for a total of 7 events in the last 1 year.
•
SolarAfrica to Acquire 315 MW Nyakallo Solar and Storage ProjectMercom India•May 27, 2026•Norsk Renewables, SolarAfrica
•
SolarAfrica Acquires Full Ownership of Commercial Energy South Africa in ZAR 635 Million TransactionTech In Africa•Mar 06, 2026•Vantage Capital, Greenpoint Capital, SolarAfrica, Inspired Evolution
•
Vantage Capital Invests R635 Million In Solarafrica’s C&I Energy PortfolioSolarQuarter•Mar 02, 2026•Vantage Capital, SolarAfrica, Vantage Capital
•
SolarAfrica Raises $94m for 114MW SunCentral 2 Solar ProjectPower Technology•Feb 10, 2026•SolarAfrica, Investec, FirstRand, RMB
•
SolarAfrica secures $91.8M financial boost for SA expansionConnecting Africa•Jan 21, 2026•SolarAfrica, RMB, Investec
•
SolarAfrica secures R1.8 billion solar investment, advancing wheeling adoption in South AfricaAfrica Business Communities•Feb 25, 2025•SolarAfrica
•
PowerChina selects EPC contractor for 342 MW of solar in South Africapv magazine•Oct 30, 2024•China Electric Power Construction Group, SolarAfrica
•
SolarAfrica wins African Solar Company of the Year for the second timeMedia Update•Oct 13, 2023•SolarAfrica
•
•
Old Mutual fund gets green light to acquire solar firmITWeb•Feb 13, 2023•Old Mutual Unit Trust Managers, SolarAfrica
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