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First Electric

Operating

First Electric delivers scalable solar systems and mesh‑grid energy to homes, businesses, communities.

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Total raised
$457K
disclosed
Last round
$357K
Debt Financing · Jun 2026
Rounds
2
since 2019
Investors
1
listed
Employees
11-50

About First Electric

First Electric is a Nigerian renewable energy company delivering affordable, reliable, and scalable solar power solutions to households, businesses, and underserved communities. The company operates a dual‑engine model: deploying commercial, industrial, and residential solar systems through sales and financing, and running distributed solar mesh‑grids that provide recurring Energy‑as‑a‑Service to remote and hard‑to‑reach areas. Its mesh‑grid technology enables electrification of communities considered too small or dispersed for traditional mini‑grids. First Electric is building sustainable energy infrastructure that improves productivity, reduces dependence on diesel, and expands access to clean, modern power across Nigeria.

First Electric funding2 rounds

All 2 rounds →

First Electric has raised $457K across 2 rounds. The latest is a $357K Debt Financing announced 03 Jun 2026.

Capital growthrunning total of disclosed rounds
  1. $100KGrantGrant, $100K, $100K raised to date
  2. $357KDebt FinancingDebt Financing, $357K, $457K raised to date

SLA Funding Index · grey is capital raised before each round

Who has invested in First Electric

RoundAmount
First Electric Debt Financing03 Jun 2026Lead not disclosed$357K
First Electric Grant21 Jan 2022$100K

First Electric founders & team

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Frequently asked about First Electric

Where is First Electric based and when was it founded?
First Electric is headquartered in Lagos, Nigeria and was founded in 2019.
Who founded First Electric?
Founders listed for First Electric include Daniel Komolafe (Founder & CEO).
Who is the CEO of First Electric?
Daniel Komolafe is First Electric's Founder & CEO.
How much funding has First Electric raised?
First Electric has raised $457K across 2 funding rounds. Its latest, a $357K Debt Financing, was announced on 03 Jun 2026.
Who has invested in First Electric?
Backers include Cascador.
What sector is First Electric in?
First Electric operates in Energy, Renewable Energy and Clean Energy.