Monday
April 21
2025

Nigeria’s Arnergy Raises $18 Million to Scale Solar Lease Plans as Fuel and Grid Costs Soar

Arnergy, a Nigerian cleantech startup focused on distributed solar energy solutions, has raised an additional $15 million as an extension of its Series B round, adding to the $3 million it secured in an earlier tranche in 2023. This brings the total Series B funding to $18 million.

Photo courtesy of USAID U.S. Agency for International Development.

Source: Logo Launch Base Africa (link opens in a new window)

Categories
Energy, Technology
Tags
climate change, distribution, off-grid energy, renewable energy, scale, solar, startups