Arnergy's Rise in the Nigerian Clean Tech Sector
February 29, 2024, 4:02 pm
Arnergy, a Nigerian clean tech startup, has secured $3 million in funding from All On, a Shell-backed off-grid energy impact investing firm. Founded in 2013 by Femi Adeyemo and Kunle Odebunmi, Arnergy offers distributed renewable energy products and solutions to provide reliable, clean energy to households and businesses in Nigeria. The company's energy systems are designed to address grid unreliability challenges, making them accessible to various sectors such as hospitality, education, finance, agriculture, and healthcare. Arnergy is now gearing up to raise its Series B funding to further expand its operations and accelerate the adoption of renewable energy solutions within and beyond Nigeria. With the increasing demand for cost-effective energy solutions and the shift towards solar power systems, Arnergy is poised to make a significant impact in the Nigerian clean tech sector.