What is Candi Solar?
Candi Solar specializes in offering customized solar solutions designed for businesses of all sizes, simplifying access to solar power. The company distinguishes itself through a zero-risk financing model, eliminating upfront costs for clients and enabling immediate savings and enhanced grid independence. Candi Solar manages the entire installation process and provides continuous performance monitoring to ensure optimal system reliability. Their business model is built on a shared value approach, fostering long-term partnerships with clients and aligning the company's success with customer outcomes.
How much funding has Candi Solar raised?
Candi Solar has raised a total of $121.4M across 5 funding rounds:
Series A
$3.9M
Series C
$35M
Multiple Rounds
$82.5M
Series A (2019): $3.9M, investors not publicly disclosed
Series C (2024): $35M led by Stoa, Kyuden International, and Norfund
Other Financing Round (2025): $4M supported by Triplejump Group Holdings
Debt (2025): $20M featuring STOA Infra & Energy and Norfund
Debt (2025): $58.5M backed by International Finance Corporation
Key Investors in Candi Solar
International Finance Corporation
International Finance Corporation is a multilateral financial institution focused on mobilizing capital and expertise for sustainable development in emerging markets, providing financial solutions and advisory services to support private sector growth and infrastructure development.
Triplejump Group Holdings
Triplejump offers a comprehensive business system designed to enhance sales and conversion rates, providing expert advice on Human Capital Risk management.
Norfund
Norfund is the Norwegian Investment Fund for Developing Countries, investing in renewable energy, financial inclusion, and scalable enterprises across Sub-Saharan Africa, Asia, and Latin America to create jobs and improve lives.
What's next for Candi Solar?
The recent major strategic investment signals a pivotal phase for Candi Solar, likely enabling expansion into new markets, further development of its innovative financing models, and scaling of its operational capacity. This capital injection is poised to bolster the company's position as a leader in providing accessible solar energy solutions for enterprises, driving further adoption of renewable energy and contributing to grid independence for its clientele. The focus on enterprise-level funding suggests a strategic push towards larger commercial and industrial clients.
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