How These 2 RE Companies Raised $10.5M : Femi Adeyemo & Chuks Umezulora

Arnergy and Auxano Solar have raised a combined total of $10.5 million in funding to build renewable businesses. In this episode, we speak to the founders of the 2 companies to understand the unique challenges of building and scaling renewable energy businesses in Africa.

Femi Adeyemo is the Founder and CEO of Arnergy, in June 2019 the company raised $9M in Series A Funding - Led by Breakthrough Energy Ventures, Norfund, All On, Electrification Financing Initiative.

Chuks Umezulora is the Co-founder and COO of Auxano Solar, in September 2020 the company raised $1.5M in Seed Funding led by All On.

Recommended Reading

• Arnergy Closes $9 million Series A Round
• Why Investors are betting $1.5m on this Nigeria-based solar panel producer
• Bill Gates Is Betting On These Cleantech Outfits To Help Save The Planet

Learn more about Arnergy | Auxano Solar

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The Energy Talk is a platform dedicated to telling the energy transition story of Sub-Saharan Africa, focusing first on the perspective of Financiers, Policymakers, and Operators devoted to pushing the continent towards a sustainable energy future.

This podcast is hosted by Olubunmi Olajide and produced by Chigozie Ubah.