Lumos
OperatingLumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.
- Clean Energy
- Victoria Island, Nigeria
- Debt Financing
- Founded 2012
- lumos.com.ng ↗
- Total raised
- $212M
- disclosed
- Last round
- $35M
- Debt Financing
- Rounds
- 5
- since 2012
- Investors
- 7
- on record
- Employees
- 201-500
About Lumos
Lumos is a Clean Energy company which is a leading provider of high-quality solar home systems, and is revolutionising the African market with a reliable and clean power solution, accessible to everyone. Lumos offers clean, affordable solar power to a market of 1.3 billion potential customers who live off the electricity grid. Lumos enables people to replace hazardous and expensive kerosene generators and lanterns with modern solar electricity that can power lights, cellphones, fans, computers, TVs and other small electronic devices (all at once, every day). By offering Solar Power as a Service, Lumos offers homes and small businesses a simple and affordable way to pay for electricity in small installments using their mobile phones.
Lumos funding5 rounds
All 5 rounds →Lumos has raised $212M across 5 disclosed rounds. The latest is a $35M Debt Financing announced 15 Sep 2020.
- $90MDebt FinancingDebt Financing, $90M, $90M raised to date
- $87MGrantGrant, $87M, $177M raised to date
- $35MDebt FinancingDebt Financing, $35M, $212M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in Lumos
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 15 Sep 2020 | Lumos Debt Financing | United States International Development Finance Corporation | $35M |
| 01 Jul 2020 | Lumos Debt Financing | FMO | Not disclosed |
| 03 Dec 2019 | Lumos Grant | Rural Electrification Agency | $87M |
| 30 Nov 2016 | Lumos Debt Financing | OPIC - Overseas Private Investment Corporation +3 | $90M |
| 01 Jul 2013 | Lumos Venture | MoreVC | Not disclosed |
Lumos founders & team
- Ola DosunmuHead - Human Resources
- Peju AdebajoCEO
Lumos competitorssame sector · similar funding
- Zola ElectricLagos, Nigeria
- Daystar PowerIlupeju, Nigeria
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Frequently asked about Lumos
- Where is Lumos based and when was it founded?
- Lumos is headquartered in Victoria Island, Nigeria and was founded in 2012.
- Who is the CEO of Lumos?
- Peju Adebajo is Lumos' CEO.
- How much funding has Lumos raised?
- Lumos has raised $212M across 5 disclosed rounds. Its latest, a $35M Debt Financing, was announced on Sep 15, 2020.
- Who has invested in Lumos?
- Backers include United States International Development Finance Corporation, FMO, Rural Electrification Agency, MoreVC and 3 others.
- What sector is Lumos in?
- Lumos operates in Clean Energy, Renewable Energy and Solar Power.
