Virunga Power logo — Powering African Opportunity.

Virunga Power

Powering African Opportunity.

Founded 2011 Mauritius Mauritius 32 employees Venture round Total: $64.64M Energy, Renewable Energy

General Information

Company Name Virunga Power
Founded Year 2011
Location Mauritius Mauritius
Employees 32
Industries Energy, Renewable Energy
Funding Stage Venture round
Social

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About Virunga Power

Virunga Power is an African Rural Electric Utility focused on renewable power generation and distribution networks in East and Southern Africa. Established in 2011 and headquartered in Mauritius, the company operates run-of-river hydropower plants and electricity distribution networks, providing power to households and businesses in rural areas. With a distributed portfolio of assets spanning five countries, Virunga Power has garnered significant attention in the investment landscape. In its most recent funding round in December 2022, the company secured a substantial $50.00M investment from Gridworks Partners, signifying strong support from notable investors in the energy and renewable energy industries. This infusion of capital is expected to further propel Virunga Power's efforts in bolstering access to sustainable energy across the region.

Business keywords: Hydropower, Electric Utility, Rural Electrification, Power Generation, Energy Distribution, East Africa, Southern Africa, Infrastructure Development, Investment, Run-of-River Hydropower, Energy Access, Sustainable Development, Rural Communities, Electricity Networks

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $50.00M 1
Gridworks Partners
29 Dec 2022
Series A $5.00M 3
Ground Squirrel Ventures, EDFI ElectriFI +1
18 Dec 2018
Venture Round $9.00M 1
CDC Group
01 Jan 2016
Seed Round $640.00K -
11 Jun 2015

Virunga Power Alternatives & Competitors

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FAQ About Virunga Power

Powering African Opportunity.
Virunga Power was founded in 2011.
Virunga Power is headquartered in Mauritius.
Virunga Power operates in Energy and Renewable Energy. Its work centres on Hydropower, Electric Utility, Rural Electrification and Power Generation.
Virunga Power has approximately 32 employees.
Virunga Power has completed 4 funding rounds, raising a total of $64.64M. The latest funding stage is Venture round.
Top alternatives and competitors to Virunga Power include Cloverland Electric Cooperative, AFEA POWER, Southern Company, CitiPower and Powercor, GridEdge Networks, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Virunga Power and Cloverland Electric Cooperative 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 Virunga Power, https://bouncewatch.com/company/virunga-power, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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