Story perspectives
Nigerian Startup Arnergy Secures $18M for Solar Expansion
4/14/2025
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Story summary
- Arnergy, a pioneering cleantech startup from Nigeria, has secured $18 million in Series B funding to boost solar energy access as fuel prices soar and grid power falters. With its innovative lease-to-own model, Z Lite, the company has tripled its customer base and plans to install over 12,000 solar systems by 2029, navigating potential government import restrictions.
