Skip to content
Sectors How it works Pricing Client stories

Insights

Companies Live signals Events Markets Trends Company lists
Log in
Platform Signal Tracker API Radar Book a 7-day Readout
Rensource Energy logo — 2019 winner of the Financial Time / IFC Transformational Bus...

Rensource Energy

2019 winner of the Financial Time / IFC Transformational Business Awards for Climate and Urban Infrastructure Solutions

Founded 2015 Nigeria Lagos, Nigeria 60 employees Series A Total: $18.70M Energy, Renewable Energy

General Information

Company Name Rensource Energy
Founded Year 2015
Location Nigeria Lagos, Nigeria
Employees 60
Industries Energy, Renewable Energy
Funding Stage Series A
Business Model B2B, D2C
Revenue Model Usage Based, Service Fee, Leasing/Rental
Social

BounceWatch is an independent company data service, not affiliated with Rensource Energy. To contact Rensource Energy, visit rensource.energy.

Is this your company?

Confirm with your work e-mail, get the Verified badge and keep this profile correct yourself. Search engines and AI assistants read it every day.

Get Verified

How does Rensource Energy compare?

A PDF of Rensource Energy and up to 10 competitors you pick: team, funding, traffic and every dated move of the last 90 days. Each company is re-checked on the day you order, so it is current.

See a sample report

This takes a few seconds: we look beyond our own index too.

Meeting Rensource Energy soon?

A one-page PDF brief: what it does, key facts, the last 90 days of dated moves and questions worth asking. Re-checked on the day you order. See a sample

About Rensource Energy

Rensource Energy is a prominent player in the Energy and Renewable Energy sectors, headquartered in Nigeria. Founded in 2015, the company has established itself as a leading Commercial and Industrial (C&I) solar power provider across Africa.

The company's winning of the 2019 Financial Times / IFC Transformational Business Awards for Climate and Urban Infrastructure Solutions underscores its market impact and innovative approach. Rensource designs, funds, and supplies solar solutions tailored for diverse C&I clients, offering an affordable, reliable clean energy alternative. This makes it a preferred choice for micro, small, and medium enterprises (MSMEs) aiming to cut down on electricity costs.

In a strategic move, Rensource secured a $15.00M Series A investment on 01 December 2019. The round featured renowned investors such as CRE Venture Capital, Playfair Capital, Omidyar Network, Proparco, Inspired Evolution, EDP Renováveis, and Yuzuru Honda, marking an essential step in its growth trajectory.

Business keywords: C&I Solar Power, Clean Energy Solutions, Financial Services in Energy, Power-as-a-Service, Solar-Hybrid Systems, Distributed Renewable Energy, Electricity Cost Reduction, Balance Sheet Financing, Credit Operations, Solar Solutions for MSMEs, Turnkey Energy Business Model, Solar Energy Financing, Renewables-based Power Generation, Energy Infrastructure

Services & Products

Solar PV Installation
Energy Infrastructure Development
Renewable Energy Financing
Hybrid Energy Solutions

Target Customers

Commercial Businesses Industrial Enterprises Educational Institutions Energy-Intensive Industries

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $15.00M 7
CRE Venture Capital Playfair Capital Omidyar Network
CRE Venture Capital, Playfair Capital +5
01 Dec 2019
Debt Financing €500.00K -
01 Aug 2018
Seed $2.10M 1
Amaya Capital Partners
Amaya Capital Partners
01 Jan 2018
Seed $1.10M 1
CRE Venture Capital
CRE Venture Capital
01 Feb 2016

Rensource Energy Alternatives & Competitors

View All Alternatives
Rensource Energy vs
Direct Energy Solar
Direct Energy Solar

Empowering homes and businesses across the eastern U.S. to seamlessly switch to solar power, reducin...

Series B
Energy, Renewable Energy
Compare Rensource Energy vs Direct Energy Solar
Rensource Energy vs
Swell Energy
Swell Energy United States

Creating a greater grid for the greater good.

Series B
114 employees
Energy, Renewable Energy
Compare Rensource Energy vs Swell Energy
Rensource Energy vs
Canopy Power
Canopy Power Singapore

Clean, affordable and reliable electricity for businesses located in remote areas #RenewableEnergy...

Series A
23 employees
Consumer Electronics, Energy
View all alternatives

FAQ About Rensource Energy

2019 winner of the Financial Time / IFC Transformational Business Awards for Climate and Urban Infrastructure Solutions
Rensource Energy was founded in 2015.
Rensource Energy is headquartered in Lagos, Nigeria.
Rensource Energy operates in Energy and Renewable Energy. Its work centres on C&I Solar Power, Clean Energy Solutions, Financial Services in Energy and Power-as-a-Service. Its customers include Commercial Businesses, Industrial Enterprises and Educational Institutions.
Rensource Energy has a B2B and D2C business model. Its revenue comes from Usage Based, Service Fee and Leasing/Rental.
Rensource Energy has approximately 60 employees.
Rensource Energy has completed 4 funding rounds, raising a total of $18.70M. The latest funding stage is Series A.
Rensource Energy offers: Solar PV Installation, Energy Infrastructure Development, Renewable Energy Financing, Hybrid Energy Solutions.
Top alternatives and competitors to Rensource Energy include Direct Energy Solar, Swell Energy, Canopy Power, ZunRoof, Daystar Power Group. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rensource Energy and Direct Energy Solar 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 Rensource Energy, https://bouncewatch.com/company/rensource-energy, updated 27 March 2026. When citing, please name BounceWatch and link this page.

Analytics cookies (ours + Google). Cookie Policy

Talk to an analyst Book a 7-day Readout