What is Candi Solar?
Candi Solar specializes in providing customized solar solutions tailored for businesses of all sizes, simplifying access to solar power through an efficient and accessible model. The company champions a zero-risk financing strategy, eliminating upfront costs for clients and enabling immediate savings and enhanced grid independence. Candi Solar oversees the entire installation process and offers continuous performance management to ensure optimal system reliability. Their business model is built on a shared value principle, fostering long-term partnerships with clients and aligning their 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 Kyuden International, Stoa, 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
Kyuden International
Kyuden International, a subsidiary of Japan's Kyushu Electric Power Company, brings extensive experience in overseas independent power producer (IPP) business and energy solutions, focusing on enhancing stable and sustainable energy globally.
Norfund
Norfund, the Norwegian Investment Fund for Developing Countries, is dedicated to creating jobs and improving lives through investments in renewable energy and scalable enterprises, primarily in Sub-Saharan Africa.
International Finance Corporation
The International Finance Corporation is a global 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.
What's next for Candi Solar?
The substantial enterprise-level capital infusion positions Candi Solar for accelerated expansion and further innovation in its zero-risk financing and comprehensive solar management services. This strategic backing is expected to fuel the company's efforts to broaden its market reach, enhance its technological capabilities, and solidify its position as a leader in the renewable energy financing landscape. Candi Solar's focus on immediate savings and grid independence for businesses aligns with global trends towards sustainability and energy resilience, suggesting a promising future for the company's continued growth and impact.
See full Candi Solar company page
