Rensource
Latest round
- Series A
Last raised
- Dec 2019
Total raised
- $21M
Investors
- 10
About Rensource
Rensource Inc.Founded in 2015 and headquartered in Lagos, Nigeria, Rensource Energy provides solar-hybrid power solutions. Their core offerings include the deployment of solar photovoltaic (PV) systems complemented by fossil-fuel sources, such as diesel and natural gas, along with battery storage solutions, which provide clients with reliable power while significantly reducing energy costs. Rensource's services target a diverse client base that includes businesses in agriculture, education, and retail, with notable projects supporting entities like Valentine Chickens in Nigeria and Rubis Energie in Kenya. These solutions aim to address the energy gap faced by enterprises by ensuring a stable and efficient power supply, thus enhancing productivity and operational efficiency.Rensource Energy generates revenue through its tailored energy solutions, structured around long-term service agreements with clients in the C&I sector. Transactions typically operate on a business-to-business (B2B) model, with customers engaging in flexible pricing plans that can be based on fixed rates, variable pricing, or per kilowatt-hour tariffs. This pricing structure allows businesses to align energy costs with their operational needs while mitigating budget uncertainties. The company's flagship services, including large-scale solar PV installations, are designed to optimize energy efficiency and minimize carbon footprints for clients.Rensource Inc. The company aims to introduce new solar-hybrid solutions targeting additional commercial sectors by 2022. Furthermore, Rensource intends to enhance its presence beyond Nigeria, focusing on West African markets where energy access remains critical, and plans to establish a foothold in other regions of Africa by 2023.
Who invested in Rensource
10 investors across 2 rounds
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Questions about Rensource
Who invested in Rensource?
Rensource has 10 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Rensource raised?
Rensource has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Rensource last raise money?
Rensource's most recent round on record is a Series A, in Dec 2019.
What does Rensource do?
Rensource is a renewable energy company.
Where is Rensource headquartered?
Rensource is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Rensource?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back renewable energy companies at Rensource's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series A
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