SunCulture raises $11m to expand solar-powered irrigation across Africa

17.02.2021

Kenyan solar irrigation startup SunCulture has received a USD$11 million debt funding round to expand its operations across Sub-Saharan Africa.

Founded in 2013, SunCulture offers solutions tailored to smallholder farms, combining technology with pay-as-you-go financing and value-added services. Claiming to be the first company to commercialize solar-powered irrigation in Africa, SunCulture currently reaches customers across Kenya, Ethiopia, Uganda, Zambia, Senegal, Togo and Ivory Coast.

The startup, which raised a $14 million Series A funding round last year, has secured a $11 million credit facility arranged by SunFunder, a financing company specialized in solar energy, and joined by new financial partners including the Off-Grid Energy Access Fund of the African Development Bank’s Energy Inclusion Facility; Triodos Investment Management, the Danish government’s Nordic Development Fund; and the investment company AlphaMundi.
 
SunCulture will use the capital to expand further across the continent. It hopes to prevent the emission of 20,000 tonnes of carbon dioxide per year as farmers replace diesel pumps with solar ones while facilitating growth and job opportunities in rural communities.
 
 

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