Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Azuri Tech - Uganda Solarplus 1: 5% Bond

25% Match Funded
24 months to mature 5% interest

Azuri Tech - Uganda SolarPlus 1: 5% Bond



Hour to run

Sign up and be the first to know about new opportunities:

invested £200 invested

Each £200 invested through Azuri will enable one Ugandan family to buy an Azuri SolarPlus home system in affordable instalments over 30 months

households 1,250 families

Your investment will help Azuri to provide clean energy to 1,250 families in Uganda

Since Azuri began in 2012, they have focused on Sub-Saharan Africa, and now have one of the widest reaches of any off-grid provider in the region. Azuri is addressing the problem of energy access that affects over 600 million people in Sub-Saharan Africa, a lack of access to the grid. Your investment will help Azuri to provide clean energy to a further 1,250 households impacting over 6,250 people in Uganda.

This project benefits from match funding from UK aid. UK aid are providing a total of upto £62,500 of match funding into this offer. This means that for every £3 invested into this project by the crowd an additional £1 will be invested through match funding

About Azuri

  • Sold more than 150,000 systems since 2012
  • Providing approximately 750,000 people with access to solar energy
  • Azuri home solar systems are operating in 12 countries across Sub-Saharan Africa
  • Has 80 direct employees and operations in the UK, Kenya, Tanzania, Zambia, Nigeria, Uganda
  • Works with over 1,000 sales and field agents through local partners
  • Was founded in 2012 in Cambridge, UK
  • Generated revenue of around $11 million in 2018
  • Over the past 12 months, Azuri has won multiple awards including FT1000 Fastest Growing Companies and Edison Award for Social Impact
  • Key product information

    Issuer: Azuri SSPV 1 Ltd

    Issuing Country: United Kingdom

    Investment target: £250,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 24 months

    Expected interest rate: 5% per annum

    Witholding tax rate: 20% (applicable to UK residents who do not invest within an IF ISA)

    Interest payment frequency: 6 monthly

    Notional repayment: 6 monthly

    Financial instrument: Unsecured interest bearing bond

    Security: Unsecured

    Key risks

    This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.

    You must read the investment memorandum (provided below) where a full statement of risks is presented.


    Azuri in the media

    What the project investment will enable

    Every £200 invested will allow Azuri to make a SolarPlus home system available to a rural Ugandan family that would otherwise be out of their financial reach. Azuri's PayGo service model enables customers to pay back the cost of the system over time (typically 30 months) after which they fully own the system and can continue to use it for free.

    The SolarPlus system (a Lighting Africa quality assured product) includes a 50W solar panel, a rechargeable battery, 4 powerful LED lights, a rechargeable torch and radio and 2 USB phone charging cables. Furthermore, the system has the ability to power an energy-efficient 24-inch LED satellite TV with access to 57 TV and 21 Radio channels. Azuri’s customers increasingly want a fuller on-grid system experience. With the SolarPlus system, when powered by a full days’ worth of sunlight, families are provided with up to 5 hours of Lighting and TV, as well as phone charging.

    Providing families and individuals with access to a TV has multiple impact benefits. Firstly, keeping up to-date with local news and weather forecasts is important to them to better understand any developments that may impact them. Secondly, educational content on TV is typically very accessible for both children and adults, who are able to learn useful topics, such as farming techniques, through engaging story-telling. Furthermore, research has shown that TV shows often inspire viewers to reach higher, driving them to study and work harder. Finally, it provides an opportunity for families and friends to gather around and strengthen important social ties.

    Azuri aims to raise £250,000 of investment, enabling them to manufacture and distribute at least 1,250 SolarPlus systems together with their local distribution partners.

    Azuri also aims to recycle capital repaid by its solar customers during the 24 month loan period to procure additional SolarPlus systems to further maximise impact.

    Azuri Tech

    Azuri will deploy the funds across rural Uganda, where today, approximately 92% of households do not have access to mains electricity. Working with local distribution partners Azuri will continue to extend the scope of its operations across remote rural regions of central and eastern Uganda.

    Thanks to Azuri’s expertise in last-mile distribution, combined with an extensive team of field agents visiting every customer, units funded and installed by this project will be geotagged. This helps Azuri keep track of where customers are (in absence of formal addresses in remote villages), and enables Azuri to provide high quality customer service on an ongoing basis after the system is installed. Furthermore, in the event of problems or need for support, it means Azuri can also quickly dispatch an agent to help customers.

    Social and environmental impact

    Solar home systems, such as the SolarPlus system, have been shown to have a significant impact on customers' lives and the environment. To date, Azuri has sold more than 150,000 systems across Africa, with the potential to provide approximately 750,000 people with access to solar energy.

    Social Impact

    Social Impact

    The installation of solar home systems to off grid families has significant impacts that can be divided into the following categories: lifestyle, flexibility, health and safety, and economic. Over the years, Azuri's own customers have told us how their solar home systems have benefitted them:


    My air quality has improved


    My family’s previous kerosene-related health issues have reduced


    I feel safer


    My children can study more


    The money I save on kerosene, batteries, and candles I mainly use for my children’s education


    I have more evening home visits from family and friends

    Environmental Impact

    Environmental impact

    Using industry-recognised Global Off-Grid Lighting Association (GOGLA) impact metrics, Azuri has calculated the environmental impact of installing 1,250 SolarPlus systems as follows:


    Number of people who will enjoy clean energy access


    Average new household saving on energy-related expenditure over solar product lifetime


    Annual total greenhouse gas emissions offset per household

    • pdf

      Offer Documents

      Azuri SSPV 1 Ltd Issue 17 - Offer Document (Log In to download)


    Frequently Asked Questions