ecoligo provides solar-as-a-service solutions by financing and implementing solar installations for commercial and industrial clients in emerging markets, working with private and retail investors. The company has implemented 130 solar systems globally valued at €40M and operates in 11 countries including Kenya, Vietnam and Chile. Its projects are anticipated to prevent over 1.7 million tons of CO2 emissions over their expected lifespan, and the company says its fully financed Solar-as-a-Service projects have saved over one million tonnes of CO2. ecoligo maintains offices in Berlin and several international locations (Accra, Nairobi, San José, Santiago de Chile, Ho Chi Minh City and Manila). Founded in 2016, the firm focuses on expanding access to affordable solar for commercial customers while generating impact for investors. Recent plans include strengthening its market presence in the solar project sector and introducing and extending new financial products in Germany and selected European countries. Ecoligo is a Berlin-based, impact-led solar-as-a-service company that implements photovoltaic systems on company buildings in emerging markets such as Kenya, Vietnam, and Chile. Founded in 2016 by Martin Baart and Markus Schwaninger, the firm combines project implementation with a digital impact investing platform that enables retail investors to fund solar projects. To date Ecoligo has implemented 169 projects totaling 82.4 MWp, and its signed projects are estimated to save about 1 million tonnes of CO₂. The company provides a full-service solution including planning, construction, maintenance, and financing to help companies access affordable, in-house clean electricity. With a newly raised €10 million Series A, Ecoligo plans to grow sustainably, expand existing markets, further develop its digital impact investing platform, and offer opportunities to invest in its projects in more countries. Its model addresses the funding gap for solar projects in emerging economies by democratizing investment in renewable assets for smaller investors. ecoligo, founded in 2016 and based in Berlin, offers Solar-as-a-Service contracts that provide financing for commercial and industrial solar projects in emerging markets through crowd investing. The company handles construction, installation, scheduled maintenance, operation, and management of solar systems throughout contract durations. To date it has brokered more than €2.4 million on its crowd-investing platform and implemented more than 20 solar projects across East and West Africa, Central America and Southeast Asia. ecoligo plans to scale operations by expanding existing hubs in Ghana, Kenya and Costa Rica and opening new locations in Southeast Asia. The startup also intends to expand its offering into energy-efficiency products for its target markets. Management emphasizes that the model delivers financial benefits to local companies, local service providers and crowd investors while reducing fossil-fuel use.

Total raised

$25M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2024