UpOwa supplies Pay-As-You-Go (PAYG) solar home systems and energy services to households and entrepreneurs in rural Cameroon. The company is focused on expanding market penetration in challenging and isolated areas and plans to distribute higher-capacity solar home systems to amplify impact. UpOwa emphasizes scaling its model professionally while partnering with strategic investors and debt providers. Management includes CEO and co-founder Kilien de Renty, CBDO and co-founder Caroline Frontigny, and Loïc Descamps, managing director of UpOwa Cameroon. UpOwa secured a €3 million debt facility from EDFI ElectriFI to accelerate expansion in rural areas. The company previously completed a 2019 equity round with REPP, Colam Impact and LITA.co and extended a working-capital debt facility from Lendahand. EDFI ElectriFI expects the financing to help UpOwa reach over 60,000 households and entrepreneurs with access to clean electricity in the coming years. upOwa is a Cameroon-based Pay-As-You-Go (PAYG) solar energy provider focused on delivering affordable clean power to low-income earners and small communities. The startup offers off-grid solar solutions aimed at supporting small businesses and household energy needs. It has set a target to provide affordable power for more than 1 million homes by 2022. upOwa plans to use newly raised funds to scale growth and expand its services to additional local communities within Cameroon. CEO Kilien de Renty highlighted the company’s rapid growth and praised investor support. The article notes investors will also open access to debt funding to support the company’s expansion across East Africa.

Total raised

$6M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Sep 2020