S
Sun King
Pay-as-you-go solar energy for off-grid homes.
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Jun 2026 | $4.5M | — | Symbiotics Group | ↗ |
| LATE VCOther financing | Dec 2025 | $40M | $1.3B | Lightrock | ↗ |
Growth signals
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.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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- SBStanbic IBTC Bank
Absa Bank Kenya
Stanbic Bank Kenya
KCB Bank
Co-operative Bank of Kenya
British International Investment
Lightrock
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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
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