
Candi Raising Finance Case Study
Financing the installation of clean and reliable solar for enterprises in India and South Africa.
Forecast
return
Financing the installation of clean and reliable solar for enterprises in India and South Africa with candi.
The Impact
- 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.

“candi has really benefitted from being able to raise flexible and affordable finance via Energise Africa investors to help support the growth of our C & I solar business in South Africa and India. We’ve seen time and again that we can rely on your platform to raise the finance we need when we need it and the fact that you have the ability to also blend in match funding from institutional sources is a bonus that only adds to the impact we can deliver on the ground.”