SolarWorks!

SolarWorks!

SolarWorks! develops, manufactures and markets high quality solar solutions. Learn more
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DateInvestorsAmountRound

€2.0m

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$2.0m

Debt
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N/A

Grant
Total Funding€2.0m

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SolarWorks! is a prominent provider of solar lighting and charging products, specializing in Pay As You Go (PAYGo) solar home systems and energy services in Southern Africa. The company targets households and communities in off-grid areas, offering an affordable and sustainable solution to energy access. Operating primarily in Mozambique and Malawi, SolarWorks! leverages a PAYGo model, allowing customers to pay for their solar systems in installments, making it accessible to low-income families. The business generates revenue through the sale of solar products and the collection of PAYGo payments. Recent funding rounds, including a $2 million debt facility from SunFunder and a $4 million debt facility from ElectriFI, have bolstered its market penetration and expansion efforts. SolarWorks! aims to improve the lives of 65,000 people by providing reliable energy access and reducing carbon emissions by at least 26 tonnes.

Keywords: PAYGo, solar home systems, energy services, Southern Africa, off-grid, Mozambique, Malawi, sustainable, low-income, carbon reduction.

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