Sun Exchange has successfully closed a $4 million Series-A funding round, securing $3 million from ARPF to expand its peer-to-peer solar leasing platform across Sub-Saharan Africa.

Information on the Target

Sun Exchange, officially launched in 2015, is the world’s premier peer-to-peer solar leasing platform. It empowers individuals to invest in solar energy projects across South Africa and other emerging markets, providing an innovative financial model that democratizes access to solar power. Users can purchase solar cells, which are then deployed in various community-oriented projects such as schools, hospitals, and farms, generating rental income through the renewable energy produced.

As of June 2020, Sun Exchange has gained recognition as a technology and solar finance leader in Africa, boasting a community of over 17,000 members from 162 countries. The company has successfully funded numerous solar projects, enhancing energy access while promoting sustainability and economic empowerment within the communities it serves.

Industry Overview in South Africa

The renewable energy sector in South Africa is experiencing substantial growth, driven by the government's commitment to reducing carbon emissions and increasing the share of renewables in the energy mix. South Africa has abunda