WeLight operates nearly 190 solar mini-grids across Madagascar and Mali and serves more than 800,000 people. The company was co-founded in 2018 by Axian Group, Sagemcom and Norfund with the mandate to deliver electricity to communities beyond national grids. It focuses on distributed renewable energy via localised mini-grids that combine solar generation and battery storage. WeLight is preparing geographic expansion into Nigeria and the Democratic Republic of Congo as part of a planned growth phase. The recent €27 million investment led by the IFC and including its founding shareholders is intended to accelerate development and support that expansion. The articles do not disclose revenue, valuation, or prior funding amounts.

Total raised

$31M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2026