SunCulture, a Kenyan provider of solar power systems, water pumps and irrigation systems for small scale farmers, has sealed a Series A funding round of $14 million to help it extend its business frontiers and engender more sales in the competitive Kenyan market.
The startup’s vision is to build a world with people taking control of their environment in rewarding, sustainable ways such as offering solutions to farmers, leveraging technology with pay-as-you-go (PAYG) financing and other value added services.
It sells AgroSolar Irrigation Kit, an entirely solar-powered drip irrigation system which combines solar water pumping technology with high-efficiency drip irrigation giving everything a farmer requires to grow more and spend less, in a more sustainable and energy-efficient way
Sunculture has established itself as the foremost company to commercialize solar-powered irrigation in Africa. It currently covers customers across Ethiopia, Kenya, Uganda, Senegal, Zambia, Ivory Coast and Togo.
Energy Access Ventures (EAV), a previous investor in SunCulture led the $14 million Series A round, and joined by Électricité de France (EDF), which was also backed in 2018,
Acumen Capital Partners (ACP) and Dream Project Incubators (DPI) also make up the investors roster.
SunCulture is in a position to accelerate direct sales in Kenya with these funds, and will keep on expanding internationally, and sustain fund existing product improvements and new product innovation.
Samir Ibrahim, Chief Executive Officer (CEO) and Co-Founder of SunCulture said:
“Now more than ever, scaling access to clean energy and water is critical for food security, smallholder farmer livelihoods, and climate resilience. This is essential to the wellbeing of rural households, as well as farmers’ ability to support themselves in uncertain times…
This equity raise puts us in a position to dramatically accelerate our growth and international expansion. We’re thrilled to work with this phenomenal coalition of investors, who have a deep understanding of our business and share our commitment to reaching underserved communities”
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