Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Sun King

Explore full profile

Pay-as-you-go solar energy for off-grid homes.

Chicago, United StatesFounded 2008Energy
Valuation $1–2.5B Last recorded · 2025
Headcount 1–2k Current team size
Total funding $500M–1B Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Sun King and the history behind them.

About Sun King

Sun King, formerly known as Greenlight Planet, is a major player in the off-grid solar energy market, primarily serving communities in Africa and Asia that lack reliable access to electricity. The company was founded in 2007 by T. Patrick Walsh and Anish Thakkar, who met at the University of Illinois. Walsh had been working on biofuel microgrids in India, which sparked the initial idea to create a cleaner, more reliable alternative to kerosene lamps. Joined by Thakkar, they developed their first solar products and secured initial seed funding after a pitch to one of ZS Associates' co-founders, Dr. Prabha Sinha, who became a long-term mentor. Based in Nairobi, Kenya, Sun King has since expanded its operations to multiple countries, powering the lives of over 82 million people.

The company's core business revolves around designing, manufacturing, distributing, and financing solar home energy products. Its offerings range from simple solar lanterns for lighting and phone charging to more extensive solar home systems that can power lights, radios, mobile phones, and even larger appliances like televisions and refrigerators. Sun King also provides powerful solar inverter systems that can serve as a complete energy storage solution for homes and businesses, acting as a reliable alternative to generators. This product range allows customers to leapfrog traditional electrical grids and fossil fuels entirely.

Sun King's business model is centered on a direct-to-consumer, pay-as-you-go (PAYG) system, which makes its products affordable for low-income households. Customers can acquire a solar system with a small initial payment and pay off the remaining balance in small, flexible installments using mobile money. This model removes the significant barrier of high upfront costs. The company operates one of the largest direct-to-consumer distribution networks for solar products, utilizing a large team of field agents for sales, installation, and service. As of early 2026, the company announced a $150 million investment to expand its PAYG model into Ethiopia, aiming to reach over 2 million households and businesses by 2030.

Since its inception, Sun King has raised significant funding over multiple rounds to fuel its expansion. A notable Series D round in 2022 raised $260 million to help the company rebrand from Greenlight Planet to Sun King, the name its products were already known by. The company has also made strategic acquisitions, such as purchasing PayGo Energy, to expand into clean cooking technologies. Sun King's integrated approach, which covers everything from product design and manufacturing to last-mile delivery and financing, has established it as a key provider of energy access in emerging markets.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2008
Headquarters
Chicago, United States
Employees
1,850
Open positions
None listed
Dealroom signal
73.7/100
Industry
Energy, Home Living
Sub-industry
Clean Energy
Sector
Energy, Consumer Electronics, Retail, Solar Energy, Sustainable Development Goals, Off-Grid, Rumoured $1B, Climate Tech, Renewable Energy
Business model
Manufacturing
Client focus
b2b
Investment activity
1 company, latest Apr 2023
Capital deployed
—
Preferred round
ACQUISITION

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Jun 2026 $4.5M — Symbiotics Group ↗
LATE VCOther financing Dec 2025 $40M $1.3B Lightrock ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Sun King website traffic

Latest recorded traffic for Sun King is 130K monthly website visits, down 27.8% over the last three months. Sun King's team grew 2.3% over the past year.

Latest monthly visits130K 3-month web change-27.8% 1-year team growth+2.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

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

Investors

28 investors on the cap table

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

Seed1 investor entered at this stage

  • Modern Cooking Facility for Africa

Series A1 investor entered at this stage

Series B and later26 investors entered at this stage

  • SunFunder
  • SIMA Funds
  • Deutsche Bank
  • Apis Partners
  • Blue Earth Capital
  • FMO Entrepreneurial Development Bank
  • Symbiotics Group
  • responsAbility Investments
  • CDC Group
  • Norfund
  • Global Partnerships/Eleos Social Venture Fund
  • ARCH Emerging Markets Partners
  • Citi
  • Standard Bank
  • Beyond Net Zero (BnZ)
  • M&G
  • LeapFrog Investments
  • Lendable
  • International Finance Corporation
  • Stanbic IBTC Bank
  • Absa Bank Kenya
  • Stanbic Bank Kenya
  • KCB Bank
  • Co-operative Bank of Kenya
  • British International Investment
  • Lightrock
Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 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
26 countries with
team presence
🇰🇪 Kenya34.5%
🇳🇬 Nigeria26.6%
🇮🇳 India13.9%
🇹🇿 Tanzania9.9%
🇺🇬 Uganda5.8%
Top 5 of 26 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Sun King 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

See Sun King’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.