# Solar Panda Corporation

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

- Industry: Consumer Products
- Headquarters: Nairobi, Kenya
- Website: www.solarpanda.com
- Total disclosed funding: $8M
- Latest round: Series A (Jul 6, 2022)
- Investors on record: 2

## About

Based in Kenya, and founded in 2016, Solar Panda Corporation is a supplier of home solar products like radio, TV, and mobile charging. The company was founded by its CEO, Andy Keith. In July 2022, Solar Panda Corporation raised USD 8 million in Series A funding co-led by Oikocredit and the Electrification Financing Initiative. As of 2022, the company had 37 shops across Kenya.

Solar Panda Corporation manufactures and sells pay-as-you-go (PAYGo) solar home systems to customers in Kenya. The company’s product line includes the Solar Panda 32-inch high-definition TV Premium, the Solar Panda TV Starter, the Solar Panda TV Upgrade (TV antenna, satellite, 20-watt solar panel), and the Solar Panda Home Kit (light bulbs, dual-speaker radio, torch).



The company plans to use the funds raised in July 2022 to advance its product offerings, expand its footprint within Kenya, and set the stage for further expansion in sub-Saharan Africa.

## Funding rounds

- Series A, Jul 6, 2022, $8M — Oikocredit, Electrification Financing Initiative

## Investors

- Oikocredit (https://capitalatlas.ai/funds/oikocredit) — Series A
- Electrification Financing Initiative — Series A