# PowerGen Renewable Energy East Africa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/powergen-renewable-energy-east-africa

- Industry: Renewable Energy
- Headquarters: Nairobi, Kenya
- Website: www.powergen-renewable-energy.com
- Total disclosed funding: $55M
- Latest round: Series C (Jan 16, 2025)
- Investors on record: 13

## About

Based in Nairobi, Kenya and founded in 2011, PowerGen Renewable Energy Ltd., provides renewable energy generation, solar power systems, battery storage solutions, mini-grids, metro-grids, and distributed energy infrastructure for the renewable energy and power generation industry. The company was founded by Sam Slaughter (Chief Executive Officer). In September 2026,?PowerGen raised USD 5 million?in?venture debt?funding from All On. The company works with commercial and industrial businesses, utilities, communities, governments, development organizations, and energy users across Africa to provide renewable energy infrastructure and power solutions. The company delivers end-to-end solar photovoltaic (PV) systems, battery energy storage systems, hybrid energy solutions, mini-grid and metro-grid networks, distributed renewable energy systems, and utility management services. The company's revenue is generated by the development, sale, installation, ownership, operation, and maintenance of renewable energy infrastructure and related power services. By developing, owning, and operating distributed energy infrastructure, PowerGen can generate recurring cash flow from customer energy consumption while also earning project implementation and maintenance fees. The company plans to utilize the September 2026 funding to expand its solar mini-grid operations across Nigeria.

## Funding rounds

- Series C, Jan 16, 2025, $50M — InfraCo, Impact Fund Denmark, African Development Bank, EDFI Management Company
- Series B, Nov 4, 2019 — Sumitomo Corporation, Omidyar Network, Shell Ventures, DOB Equity, Autism Acumen, Electrification Financing Initiative, Renewable Energy Performance Platform, Micro-grid Catalytic Capital Partners
- Series A, Dec 20, 2016, $4.5M — DOB Equity, AHL Venture Partners

## Investors

- DOB Equity (https://capitalatlas.ai/funds/dob-equity) — Series A, Series B
- AHL Venture Partners (https://capitalatlas.ai/funds/ahl-venture-partners) — Series A
- Sumitomo Corporation — Series B
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series B
- Autism Acumen — Series B
- Electrification Financing Initiative — Series B
- Renewable Energy Performance Platform — Series B
- Micro-grid Catalytic Capital Partners — Series B
- InfraCo — Series C
- Impact Fund Denmark (https://capitalatlas.ai/funds/impact-fund-denmark) — Series C
- African Development Bank — Series C
- EDFI Management Company (https://capitalatlas.ai/funds/edfi-management-company) — Series C