Odyssey Energy Solutions builds a platform to help developers launch, build and manage distributed renewable mini- and microgrids in emerging markets such as Nigeria, Kenya and Sierra Leone. Its product collects project data to help investors vet deals, aggregates demand and procures equipment on developers' behalf, and includes software to control energy flows through mini- and microgrids. The company offers procurement financing by paying upfront with a roughly 15% down payment and mitigates risk by reselling equipment on its platform if projects fall through. Co‑founders Emily McAteer and Piyush Mathur, who founded the company in 2017, leveraged prior sector experience to build a network of project developers and attracted a significant amount of capital flowing through the platform. Odyssey's supply aggregation helps smaller developers overcome long lead times and working‑capital constraints for panels, batteries and inverters. With new funding, the company plans to expand to South Africa and East Africa and later into Southeast Asia and Latin America while continuing to focus on emerging markets. Odyssey Energy Solutions provides a freemium business-in-a-box platform that enables developers to plan, finance, build, and operate distributed renewable energy (DRE) projects at scale. The platform democratises access to technology, financing, and low-cost equipment procurement for DRE developers. Odyssey is currently catalyzing more than $1B of finance into the DRE sector and has over 1,500 companies using the platform across five continents. Led by CEO Emily McAteer, the company supports a wide array of asset types and emphasizes aggregated procurement and remote monitoring capabilities. The company plans to expand its product suite and commercial reach by launching new financial products for DRE in emerging markets and advancing remote monitoring, control, and analytics technologies.

Total raised

$20M

Funding rounds

2

Latest round

Series A

Latest activity

May 2023