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SolarNow

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Solar energy and financing solutions in East Africa

Nijmegen, NetherlandsFounded 2011Energy
Valuation $50–100M Last recorded · 2017
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for SolarNow and the history behind them.

About SolarNow

SolarNow is a company that specializes in providing high-quality solar energy solutions across East Africa, with a focus on Uganda and Kenya. The company offers a wide range of solar products, including lights and other solar-powered devices, all based on Dutch technology and meeting international quality standards. SolarNow serves both residential and commercial clients, aiming to meet their energy needs throughout their entire lives. The company operates in the renewable energy market, which is rapidly growing in the region due to increasing energy demands and the need for sustainable solutions.

SolarNow's business model includes not only the sale of solar products but also flexible financing options. Clients can choose to pay upfront or opt for a credit plan with a payment period of up to 12 months. This makes solar energy more accessible to a broader range of customers, including those who may not have the immediate funds to invest in solar technology.

The company generates revenue through the sale of its solar products and the interest earned from its financing plans. SolarNow also prides itself on excellent customer service, offering a two-year warranty and ongoing support through its customer care line and technical team. This commitment to customer satisfaction helps to build long-term relationships and encourages repeat business.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2011
Headquarters
Nijmegen, Netherlands
Employees
210
Open positions
None listed
Dealroom signal
63.2/100
Industry
Energy
Sub-industry
Clean Energy
Sector
Energy, Farming, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech
Business model
Manufacturing
Client focus
b2c

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Jan 2019 $9M — Oikocredit · responsAbility Investments · SunFunder —
SERIES B✓Equity / VC Dec 2017 $9.9M $40M Shell · Novastar Ventures —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

SolarNow website traffic

Latest recorded traffic for SolarNow is 160 monthly website visits, down 11.1% over the last three months. SolarNow's team declined 1.9% over the past year.

Latest monthly visits160 3-month web change-11.1% 1-year team growth-1.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Invested Development
  • NovaStar
  • Acumen

Series A2 investors entered at this stage

  • Shell
  • Novastar Ventures

Series B and later3 investors entered at this stage

  • SunFunder
  • Oikocredit
  • responsAbility Investments

Other known investors2 additional known investors

  • Mastercard Foundation Fund for Rural Prosperity
  • Shell Ventures
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇬 Uganda70.5%
🇰🇪 Kenya25.6%
🇬🇧 United Kingdom1.3%
🇦🇪 United Arab Emirates1.3%
🇳🇱 Netherlands1.3%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about SolarNow on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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