Logo
W

WeLightAfrica

83 employees

WeLight, founded in 2018 by Axian, Sagemcom, and Norfond, is a pioneering company dedicated to promoting energy inclusion in Sub-Saharan Africa. Active in Madagascar and Mali, with expansion underway in Nigeria and the DRC, WeLight operates 186 mini-grids that provide electricity to over 250,000 people. The company stands out for its innovative and sustainable business model, specifically designed to meet the energy and socio-economic needs of rural communities. By implementing tailored solutions, WeLight directly contributes to 12 of the 17 United Nations Sustainable Development Goals (SDGs), fostering job creation, improving education, and empowering women. This responsible and impactful approach has earned WeLight recognition as the first B Corp-certified company in Madagascar and the second B Corp-certified electrical operator in Africa, underscoring its positive social and environmental impact. Driven by its mission to expand energy access, WeLight continues to grow across the African continent, striving to accelerate economic and social development in rural areas.

Investor insights

Funding rounds participated in

$21M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Solar Electric Power Generation

Sectors

Solar Electric Power Generation

Date founded

2018

Funding rounds raised

Total raised

$21M

from 2 investors over 1 rounds

W

WeLightAfrica raised $21M on February 17, 2023

Investors: European Investment Bank and + 1 Other investor

FAQ