PowerGen has secured $50M in Series C funding to enhance renewable energy access in sub-Saharan Africa, led by InfraCo Africa and others. This funding will support the development of 120 MW of energy solutions in Kenya.
Amount Raised
$50 Million
Round Type
Series C
Investors
Description
PowerGen has raised $50 million in Series C funding to expand renewable energy access in sub-Saharan Africa. The investment will support the development of 120 MW of renewable energy solutions, benefiting 68,000 households. Lead investors include InfraCo Africa, IFU, EDFI ElectriFi, and the African Development Bank. This initiative aims to lower energy costs for 7,000 businesses and promote job creation.
Quick answer
PowerGen Renewable Energy raised $50 Million in a Series C round, dated December 24, 2025. Investors: InfraCo Africa, EDFI ElectriFi, Ifu and African Development Bank.
- How much did PowerGen Renewable Energy raise?
- PowerGen Renewable Energy raised $50 Million in a Series C round on December 24, 2025.
- Who invested in PowerGen Renewable Energy?
- InfraCo Africa, EDFI ElectriFi, Ifu and African Development Bank are named as investors in this round.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as PowerGen Renewable Energy that raised within 45 days of this round, from Fundz verified event records.
- Joule raised $60M (Series B) on February 5, 2026.
- Luna Energy raised $102M (Series D) on February 4, 2026.
- Derapi raised $7M (Seed) on February 3, 2026.
- Surge Battery Metals raised $353K (Seed) on February 3, 2026.
- Orion Energy Systems raised $6.4M (Post-IPO Equity) on February 2, 2026.
- EarthSync raised $1M (Pre-Seed) on January 29, 2026.
Who to call at PowerGen Renewable Energy, and when
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