# Azimuth Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/azimuth-group

- Industry: Renewable Energy
- Headquarters: Freetown, Sierra Leone
- Website: www.easysolar.org
- Total disclosed funding: $3.8M
- Latest round: Series A (Sep 29, 2020)
- Investors on record: 3

## About

Azimuth Group Corp. is a renewable energy firm dedicated to providing accessible solar energy solutions in West Africa, enhancing energy access and sustainability through innovative products and financing options.Azimuth Group Corp. specializes in solar energy provision, particularly through solar home kits and appliances. Founded in 2016 in Freetown, Sierra Leone by Mike Maryott, Nosie Chitha, and Nthabiseng Mosia, the company has successfully completed 7 deals, with the most recent funding round occurring on April 12, 2022. This round was a VENTURE DEBT round, raising USD 2.00 mn led by Trine Finance Limited, contributing to a total of USD 3.00 mn raised to date.Azimuth Group Corp. focuses on delivering solar energy solutions that include solar home kits, solar generators, and energy-efficient appliances. These products are designed to improve energy access in West Africa, particularly in Sierra Leone and Liberia. Flexible financing options powered by pay-as-you-go technology make these solutions affordable for households and small businesses. The company operates over 350 sales outlets to ensure easy access and installation of solar systems, enabling users to power lighting, cooking appliances, and electronic devices, thus enhancing their quality of life.Azimuth Group Corp. generates revenue through direct-to-consumer sales and pay-as-you-go financing. Customers can purchase solar systems and appliances on an installment basis, which allows for affordability in regions with high upfront costs. The company aligns pricing with local purchasing power to maximize the reach of its flagship products, including solar home kits and solar generators. Partnerships with local agents and shops enhance distribution capabilities, effectively addressing the energy needs of its customer base.Following a successful VENTURE DEBT funding round of USD 5.00 mn in April 2022, Azimuth Group Corp. plans to enhance its solar product range and extend its presence in rural communities across Sierra Leone. The funding will support the development of new products aimed at improving energy access and affordability. Expansion into additional markets and geographical regions is also on the agenda, with specific focus on increasing service availability in under-served areas by 2023.

## Funding rounds

- Series A, Sep 29, 2020, $3M — Netherlands Development Finance Company (FMO), Acumen
- Seed, Feb 13, 2018, $0.8M — Acumen, Gaia Impact Fund

## Investors

- Acumen (https://capitalatlas.ai/funds/acumen) — Seed, Series A
- Gaia Impact Fund (https://capitalatlas.ai/funds/gaia-impact-fund) — Seed
- Netherlands Development Finance Company (FMO) — Series A