Solar Panda

Solar Panda is a social enterprise leading the affordable solar energy revolution in Africa. Founded in 2017, the company provides smart, low-cost solar power solutions to communities without electricity access. Through a unique rent-to-own business model, customers can make a small down payment and then pay daily or weekly, equivalent to their existing fuel costs, using mobile technology. The latest investment, a $8.00M Series A funding round on 06 July 2022, was led by Oikocredit International and EDFI Management Company. Solar Panda's high-quality systems come with a quality guarantee and include lamps, mobile phone charging, a radio, a flashlight, and a portable lantern. Customers can easily upgrade to TV and other appliances as they build a reliable credit history with Solar Panda. The company operates in the renewable energy industry and is making significant strides in providing clean, safe, and sustainable energy solutions across the continent.