# WASSHA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wassha

- Industry: Renewable Energy
- Headquarters: Tokyo, Japan
- Website: www.wassha.com
- Total disclosed funding: $30M
- Latest round: Series C (Jun 10, 2022)
- Investors on record: 11

## About

WASSHA Inc. is a Tokyo-based company providing innovative Energy as a Service (EaaS) solutions, leveraging IoT technology to enhance energy access for off-grid communities in developing markets across Africa.Founded in 2013 in Tokyo, Japan, WASSHA Inc. specializes in offering energy solutions to underserved regions. In August 2025, WASSHA Inc. raised JPY 300 million in venture debt from new investor Shoko Chukin Bank. Satoshi Akita serves as both the CEO and Founder, with a history of leading initiatives that support energy accessibility in emerging markets.WASSHA Inc. primarily offers Energy as a Service (EaaS) solutions, utilizing IoT technology to provide electronic services to off-grid communities. The platform facilitates energy access in regions facing economic and social constraints, specifically targeting developing markets in Africa. The core product suite empowers users by transforming their daily lives, enabling activities such as lighting and communications. WASSHA serves individuals and small businesses in off-grid communities across Tanzania, Uganda, Mozambique, Nigeria, and the Democratic Republic of the Congo, utilizing local kiosks and retail networks to enhance service accessibility.WASSHA’s revenue model revolves around its EaaS solutions, generating income through transactional agreements with end users and partnerships with local retailers. The company engages in direct transactions with consumers, who typically subscribe to energy services through a pay-per-use model. Specific pricing plans accommodate the economic realities of the regions served, aligning costs with customer purchasing power. WASSHA builds a network of local partnerships, enhancing market presence and operational sustainability. The company will use the August 2025 funding to develop new services, expand its business, and strengthen its human resources.

## Funding rounds

- Series C, Jun 10, 2022, $8.5M — Dai-ichi Life Insurance, University of Tokyo Edge Capital Partners, Daikin Industries, Ltd., Mistletoe, Yamaha Motor Co., Ltd.
- Series B, Nov 7, 2019, $9.3M — University of Tokyo Edge Capital Partners, Marubeni, Mizuho Capital, Daikin Industries, Ltd., Mistletoe, Yamaha Motor Co., Ltd.
- Series A, Oct 19, 2016, $12M — University of Tokyo Edge Capital Partners, Development Bank of Japan, Electric Power Development, Japan International Cooperation Agency, SMBC Venture Capital

## Investors

- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series A, Series B, Series C
- Development Bank of Japan (https://capitalatlas.ai/funds/development-bank-of-japan) — Series A
- Electric Power Development — Series A
- Japan International Cooperation Agency — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A
- Marubeni — Series B
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series B
- Daikin Industries, Ltd. — Series B, Series C
- Mistletoe (https://capitalatlas.ai/funds/mistletoe) — Series B, Series C
- Yamaha Motor Co., Ltd. — Series B, Series C
- Dai-ichi Life Insurance — Series C