Rensource

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Rensource, a fast growing, Nigeria-based solar distribution company aims to provide a local solution to thecountry’s energy constraints. The company provides innovativesolar solutions and financing to consumers and SMEs in urban/peri-urban Nigeria – thereby bridging the wide electricity demand-grid supply gap. The company aims to replace individual fossil-fuel generators across Nigeria on a large scale using distributed solar assets and a scalable Power-as-a-Service (PaaS) model. Solar systems are installed at customers’ premises which are owned and maintained by Rensource for a monthly subscription fee.

Headquarters

Lagos, Nigeria

Founded in

2015

Company Size

101-250 Employees

Sectors

Energy & Environment Resources

Countries of operations

Nigeria

Team

Ademola Adesina

FUNDING ROUNDS

Rensource Energy & Environment Resources

Amount $3,000,000

Date Jan 17, 2020

Funding Round

Private Equity

investors

Proparco, French Development Agency, European Union

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Rensource Energy & Environment Resources

Amount $20,000,000

Date Dec 18, 2019

Funding Round

Series A

investors

CRE Venture Capital, Omidyar Network

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Rensource Energy & Environment Resources

Amount $580,000

Date Jul 31, 2018

Funding Round

Equity Crowdfunding

investors

TRINE

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Rensource Energy & Environment Resources

Amount $1,000,000

Date Jan 2, 2018

Funding Round

Seed

investors

Undisclosed

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Rensource

Headquarters

Founded in

Company Size

Sectors

Countries of operations

Team

FUNDING ROUNDS

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