Following a successful $9 million Series A round in 2019, Arnergy, a Nigerian clean tech startup, has secured $3 million in funding from All On, an off-grid energy impact investment firm, to fuel its growth and expansion efforts.
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Arnergy specializes in distributed renewable energy solutions for businesses and homes, primarily serving the Nigerian market.
Founded by Femi Adeyemo and Kunle Odebunmi in 2013, the startup plans to continue expanding its operations across all 36 states in Nigeria through mini-grid developers.
With a track record of installing over 2 MW of electricity for more than 2,000 customers, Arnergy aims to capitalize on the increasing demand for solar systems, particularly in light of Nigeria’s unstable power grid conditions.
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