Nuru logo — Providing 10 million delighted Congolese people with world-c...

Nuru

Providing 10 million delighted Congolese people with world-class power by December 2030.

Founded 2015 Congo The Democratic Republic Of The Congo The Democratic Republic Of The 89 employees Series B Total: $50.23M Energy, Renewable Energy

General Information

Company Name Nuru
Founded Year 2015
Location Congo The Democratic Republic Of The Congo The Democratic Republic Of The
Employees 89
Industries Energy, Renewable Energy
Funding Stage Series B
Social

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About Nuru

Nuru, a startup founded in 2015, aims to provide 10 million delighted Congolese people with world-class power by December 2030. The company, headquartered in Congo The Democratic Republic Of The, deployed the country's first commercial solar-based minigrid in 2017 and launched its first MW-scale solar minigrid in Goma in 2020. With a focus on renewable energy and connectivity services, Nuru has delivered over 4,500 MWh of world-class energy at 99% uptime to 3,000 clients (~22,000 direct end-users) through 4 mini-grids operating in Goma, Beni, Tadu, and Faradje totaling 1.69 MW, positioning Nuru as DRC’s leader in utility solar-hybrid minigrids. The company's last investment was a $40.00M Series B investment on 03 July 2023. Notable investors in this round include Gaia Impact Fund, International Finance Corporation, Proparco, Schmidt Family Foundation, E3 Capital, Renewable Energy Performance Platform (REPP), Joseph Family Foundation, The Global Energy Alliance for People and Planet, and Voltalia. Nuru's vision to amplify human creativity in Congo through the provision of renewable energy aligns with the interests of impact-focused investors. The company's track record and ambitious goal make it an attractive investment opportunity in the energy industry.

Business keywords: Solar Power, Electricity Access, Utility Services, Energy Infrastructure, Renewable Energy Deployment, Minigrid Technology, Energy Accessibility, Congo Energy, Solar Hybrid Systems, Connectivity Services, Sustainable Development, Energy Innovation

Funding Rounds & Investors (7)

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Funding Stage Amount Investors Lead Investors Date
Series B $40.00M 9
Gaia Impact Fund, International Finance Corporation +7
03 Jul 2023
Convertible Note $1.50M 3
Proparco, E3 Capital +1
09 Mar 2023
Venture Round $1.20M 1
Proparco
09 Mar 2021
Convertible Note $351.00K 2
E3 Capital , EDFI ElectriFI
02 Sep 2019
Convertible Note $2.45M 2
E3 Capital , EDFI ElectriFI
03 May 2019
Series A $3.80M 4
Gaia Impact Fund, Aster +2
19 Mar 2019
Debt Financing $930.00K 1
EDFI ElectriFI
01 Dec 2018

Nuru Alternatives & Competitors

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FAQ About Nuru

Providing 10 million delighted Congolese people with world-class power by December 2030.
Nuru was founded in 2015.
Nuru is headquartered in Congo The Democratic Republic Of The.
Nuru operates in Energy and Renewable Energy. Its work centres on Solar Power, Electricity Access, Utility Services and Energy Infrastructure.
Nuru has approximately 89 employees.
Nuru has completed 7 funding rounds, raising a total of $50.23M. The latest funding stage is Series B.
Top alternatives and competitors to Nuru include Amonix Inc, SOLAR GLOBAL a.s., SolarReserve, Hydro One, SunCable. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Nuru and Amonix Inc are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Nuru, https://bouncewatch.com/company/nuru, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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