Raising capital for a solar start-up
Steve Andrews is the former CEO of Sunny Money, which at the time was the largest distributor of solar lanterns in sub-Saharan Africa. He set up a new venture, NewLight Africa, to be the last-mile distributor of life-changing products, primarily selling solar lights and solar home systems, as well as clean cook stoves, alternative cooking fuels, and water purifiers.
Energy 4 Impact helped him raise capital required to enable him to start operations in Kenya through equity financing. We assisted in developing a successful fund-raising pitch, providing a list of potential investors and introducing the company to investors who showed interest.
By August 2015 NewLight Africa had raised $845k. By September, they had launched their operations in Kenya.