Solar Panda, founded in 2017, is a social enterprise at the forefront of the affordable solar energy revolution across Africa. The company aims to empower communities by offering smart, low-cost solar solutions that promote both growth and energy independence for families and small businesses living without reliable electricity access.
By implementing a unique rent-to-own business model, Solar Panda enables customers to make affordable payments, comparable to their current fuel expenses, to eventually own the solar unit outright within a year. Their solar package includes essentials such as lamps, mobile phone charging, a radio, a flashlight, and a portable lantern, and provides opportunities to upgrade to appliances like TVs, as customers build credit histories.
The company secured a $8.00M Series A investment on 06 July 2022 from Oikocredit International and EDFI Management Company. This investment underscores confidence in Solar Panda's mission to expand its impactful solutions across the continent, reflecting the growing demand in the Renewable Energy sector.
