ARNERGY

ARNERGY is a full-service IoT enabled distributed utility developing rooftop solar energy solution for economic clusters in emerging markets.

ARNERGY designs, manufactures and commoditisedes rent to own solar energy solutions providing, affordable, reliable and clean electricity for commercial, residential and rural electrification applications globally.

ARNERGY was founded in 2013 by Femi Adeyemo. The company is based in Victoria Island, Lagos, Nigeria.

ARNERGY's mission is to deliver energy solutions for productive use deploying products, services & systems to power business operations and improve economic outcomes for our clients.

ARNERGY's distributed renewable energy systems combine solar power, storage solutions and remote management technologies to deliver energy solutions that can help tackle issues related to intermittency and grid unreliability.

 

ARENERGY has delivered over 2MW of installed capacity and over 5 MWh of storage capacity to business and residential clients across Nigeria, according to the company.

 

ARNERGY is backed by Breakthrough Energy Ventures, Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and All On. The company has raised $9M from a single Series A financing on Jun 24, 2019.

 

 

  • Year founded: 2013
  • Funding Info: $9M over 1 Round (Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Victoria Island
  • State: Lagos
  • Country: Nigeria
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