# Arnergy Solar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arnergy-solar

- Industry: Renewable Energy
- Headquarters: Lagos, Nigeria
- Website: www.arnergy.com
- Total disclosed funding: $24M
- Latest round: Series B (Apr 14, 2025)
- Investors on record: 6

## About

Founded in 2013 by co-founders Femi Adeyemo, and Kunle Odebunmi and based in Lagos, Nigeria, Arnergy Solar Limited offers a dashboard for customers to monitor their solar installations, including architecture, installation, planning, and operation/maintenance, covering from site analysis to ongoing monitoring and maintenance. In April 2025, Arnergy Solar Limited raised USD 18 million in series B funding led by new investor CardinalStone Capital Advisers, with participation from another new investor British International Investment. Returning investors Norfund, Breakthrough Energy Ventures, EDFI Management Company and All On also participated in the round. Arnergy Solar's product portfolio is designed to meet various energy requirements across residential, housing estates, commercial, and rural sectors. These systems provide stable, noiseless electricity for homes and housing estates. The solutions include long-lasting lithium batteries (LiFePO4), modular and scalable units, and online remote energy management. This off-grid solar power solution is tailored for telecommunications and ISP base stations to eliminate logistics risks and fueling expenses. The solutions are designed for various industries, including health, hospitality, education, and FMCG sectors. The company will use the April 2025 funding to deepen its presence, upgrade its tech offering, and play a larger role in supporting Nigeria’s clean energy transition.

## Funding rounds

- Series B, Apr 14, 2025, $15M — British International Investment, CardinalStone Capital Advisers, Breakthrough Energy Ventures, All On, Norfund, EDFI Management Company
- Series A, Jun 24, 2019, $9M — Breakthrough Energy Ventures, All On, Norfund, EDFI Management Company

## Investors

- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series B
- All On — Series A, Series B
- Norfund (https://capitalatlas.ai/funds/norfund) — Series A, Series B
- EDFI Management Company (https://capitalatlas.ai/funds/edfi-management-company) — Series A, Series B
- British International Investment — Series B
- CardinalStone Capital Advisers (https://capitalatlas.ai/funds/cardinalstone-capital-advisers) — Series B