Virunga Power is an electric utility company that develops, invests, and operates of renewable power projects and rural distribution grids.
Business Model:
Revenue: $0
Employees: 11-50
Address:
City: Ebene
State: Bayern
Zip:
Country: Germany
Virunga Power is an electric utility company that develops, invests, and operates of renewable power projects and rural distribution grids. Their focus is on megawatt-scale rural utility projects across several countries in East Africa and beyond with a goal of bringing high-quality, low-cost power to rural communities that currently lack reliable access to modern energy. They engage local and regional stakeholders to tailor renewable power solutions to match local needs and resources. The company&s;s mission is to build the leading rural utility company in sub-Saharan Africa and to continuously strive to bring the full benefits of electrification to new rural communities and consumers in a sustainable manner. It provides clean electricity to communities living in and around Virunga National Park in North Kivu, Eastern Congo.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2015 | Seed Round | $640k | 1/2016 | Venture Round | 1 | $9M |
CDC Group CDC Group |
12/2018 | Series A | $0 |
Electrification Financing Initiative Ground Squirrel Ventures Renewable Energy Performance Platform (REPP) Electrification Financing Initiative Ground Squirrel Ventures Renewable Energy Performance Platform (REPP) |
12/2022 | Venture Round | $0 |
Gridworks Partners Gridworks Partners |
12/2018 | Series A | 3 | $5M |
Electrification Financing Initiative Ground Squirrel Ventures Renewable Energy Performance Platform (REPP) Electrification Financing Initiative Ground Squirrel Ventures Renewable Energy Performance Platform (REPP) |
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