What is Nuru?
Nuru SASU is a pioneering company dedicated to enhancing connectivity and providing world-class power solutions across the Democratic Republic of Congo. Established in 2015 as Kivu Green Energy and rebranded in 2019, Nuru has been instrumental in deploying advanced solar-based mini-grids. Notably, the company operates the largest off-grid mini-grid in sub-Saharan Africa, located in Goma. Nuru's mission is to power 10 million Congolese by December 2030, focusing on communities with critical needs for reliable and sustainable energy.
How much funding has Nuru raised?
Nuru has raised a total of $41.2M across 2 funding rounds:
Private Equity
$1.2M
Series B
$40M
Private Equity (2021): $1.2M with participation from Proparco
Series B (2023): $40M led by E3 Capital and International Finance
Key Investors in Nuru
Proparco
Proparco, a subsidiary of the French Development Agency, focuses on financing and supporting businesses across Africa and other emerging markets, aiming to enhance the contribution of private actors to achieving Sustainable Development Goals.
E3 Capital
E3 CAPITAL is a private equity and investment banking firm specializing in opportunistic investments and corporate advisory services within Central America.
International Finance
International Finance Corporation is a multilateral financial institution that mobilizes capital and expertise for sustainable development across emerging markets, providing financial solutions and advisory services to support private sector growth.
What's next for Nuru?
The recent major enterprise-level funding, specifically a Series B round, positions Nuru for significant scaling and operational expansion. This strategic investment will likely fuel the company's ambitious goal of reaching 10 million customers by 2030. Future developments may include further infrastructure build-out, technological enhancements to their solar hybrid sites, and broader market penetration within the Democratic Republic of Congo, solidifying their leadership in off-grid energy solutions.
See full Nuru company page
