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Solar products firm Sun King gets Sh5.1bn funding for expansion across Africa
A sales-person at Sun King Kenya exhibition stand engages with a customer during the Nation Shopping Festival at the University of Nairobi grounds on December 7, 2023.
Off-grid solar energy products startup Sun King has sold a $40 million (Sh5.1 billion) stake to the UK-based investment company Lightrock to raise capital for expansion across its African markets.
The equity financing round will fund Sun King’s scaling across the 46 countries it operates, including Kenya, Tanzania, Nigeria, and Malawi, to sell one million solar kits each month.
