Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk, Solarise Africa is an energy leasing company for solar and other energy assets focusing on commercial and industrial clients (C&I).
The company, which provides smart financing via a selected group of partners, raised a US$10 million Series B funding round last year, and it has now topped that up with EUR5 million in debt from Trine, an investment service built specifically to provide debt capital to innovative solar-focused businesses in emerging markets.
The funds, which will be disbursed across multiple tranches, will advance investments in food security, renewable energy, urban development, and manufacturing and production in South Africa, Kenya, Ghana and Rwanda. The first disbursement will finance five solar projects in South Africa and Kenya.
Read more: Disrupt Africa