Candi Raising Finance Case Study
Financing the installation of clean and reliable solar for enterprises in India and South Africa.
Financing the installation of clean and reliable solar for enterprises in India and South Africa with candi.
- At the beginning of 2021, Energise Africa announced an exciting new chapter, funding solar access in countries beyond sub-Saharan Africa.
- candi was the first of these pilot raises, with two projects in India and one in South Africa which raised a total of £2 million of flexible finance, including a successful raise for £1 million.
- candi benefitted from Energise Africa’s partnership with Good Energies Foundation, who match-funded £30,000 of investment into candi, successfully blending institutional funding alongside that from individual investors.
- The success of these raises, which each filled within 2 weeks, means candi has more raises planned through Energise Africa to fund future pipeline projects.