Tech Company Financing Transactions
Nuru Funding Round
International Finance, Renewable Energy Group and private investors participated in a $150 million capital raise for Nuru. The round closed on 4/9/2023.
Transaction Overview
Company Name
Announced On
4/9/2023
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Undisclosed
Proceeds Purpose
The funds will be used to boost generation from its four plants by about 10-fold to 13.7 megawatts at peak capacity by adding three more larger-scale facilities.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Undisclosed
Undisclosed, Undisclosed
UK
Undisclosed, Undisclosed
UK
Phone
Undisclosed
Website
Email Address
Overview
Nuru (Swahili for "light"?) is a company dedicated to enhancing connectivity in the Democratic Republic of Congo. Nuru deployed Congo's first solar-based mini-grid in 2017 and is currently constructing a 1.3MW solar hybrid site in Goma, the largest off-grid mini-grid in sub-Saharan Africa. Nuru was first established under the name Kivu Green Energy in August 2015. We changed our name in September 2019 to reflect our expansion beyond the Kivu regions into other parts of DRC.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
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