
Afrinet Power
OperatingAfrinet Power is an EnergyTech company provides clean renewable energy solutions to rural communities in Nigeria.
- Energy
- Abuja, Nigeria
- Grant
- Founded 2017
- afrinetng.com ↗
- Total raised
- $10K
- disclosed
- Last round
- $10K
- Grant
- Rounds
- 1
- since 2017
- Investors
- 1
- on record
- Employees
- 1–10
About Afrinet Power
We provide solar power solutions to enhance energy access in rural communities and underserved areas. About 50% of Nigeria's population lack regular access to reliable electricity, nearly 90 million people live off the grid. Grid extension projects are nowhere near keeping up with population growth and increasing demand for power. This is worsened by their vulnerability to acts of terrorism and vandalization. Transforming the current energy outlook requires a shift in the way we think about energy and electricity delivery. According to Power for All, Any practical solution to deliver energy access to lower-density, rural populations cost-effectively must include smaller-scale generation and limited—if any—transmission. Decentralized solar home systems and mini-grids can provide the needed energy to power rural communities and drive growth. Afrinet Power runs on this model and is working to end #EnergyPoverty by enhancing access to affordable, reliable electricity that will help create more opportunities.
Afrinet Power funding1 round
Afrinet Power has raised $10K across 1 disclosed round. The latest is a $10K Grant announced 21 Aug 2020.
Who has invested in Afrinet Power
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 21 Aug 2020 | Afrinet Power Grant | All On | $10K |
Afrinet Power founders & team
- Nonso Levis AsuohaTeam Lead
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Frequently asked about Afrinet Power
- Where is Afrinet Power based and when was it founded?
- Afrinet Power is headquartered in Abuja, Nigeria and was founded in 2017.
- How much funding has Afrinet Power raised?
- Afrinet Power has raised $10K across 1 disclosed round. Its latest, a $10K Grant, was announced on Aug 21, 2020.
- Who has invested in Afrinet Power?
- Backers include All On.
- What sector is Afrinet Power in?
- Afrinet Power operates in Energy and Solar Power.