GJO & Partners

Energy in South Africa: funding deals and active investors

One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — Energy, South Africa.

34

deals recorded

11

over 12 months

8.9 M$

median disclosed ticket

46

identified investors

Key findings

  • 34 funding deals recorded (Energy, South Africa) since 2014, involving 28 companies and 46 identified investors. 11 of them over the last 12 months (11 the previous year).
  • Median disclosed ticket: 8.9 M$; half of the deals fall between 4.2 M$ and 43.9 M$ (23 amounts disclosed out of 34, 900.6 M$ in total).
  • Where the money goes: Off-grid solar and solar kits (29 %), Commercial & industrial energy (24 %), Renewable power plants: solar, wind, hydro, geothermal, biogas (21 %).
  • Most frequent stage: Growth (29 %); most used instrument: Equity (47 %).
  • Most active investors: Investec (4), E3 Capital (3), Standard Bank (3).
  • 38 % of deals are syndicated (at least two investors around the table).

Industries

  • Off-grid solar and solar kits10
  • Commercial & industrial energy8
  • Renewable power plants: solar, wind, hydro, geothermal, biogas7
  • Electric mobility3
  • Power transmission and distribution2

Stages

  • Growth10
  • Debt8
  • Seed3
  • Series A1
  • Series B1

Instruments

  • Equity16
  • Senior debt8
  • Grant1

Deals per year

YearDealsDisclosed amounts
20211—
20231—
2024862.5 M$
202512415.2 M$
20269423 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
Mainstream Renewable Power South AfricaRenewable power plants: solar, wind, hydro, geothermal, biogas · South Africa · GrowthJun 2026undisclosedA.P. Moller Capitalsource
ZimiElectric mobility · South AfricaJun 20262.6 M$Development Bank of Southern Africasource
Ville de Johannesburg (City Power)Power transmission and distribution · South Africa · DebtMay 2026234.6 M$KfW (banque allemande de développement)source
Mulilo — centrale solaire de Beaufort WestOff-grid solar and solar kits · South Africa · DebtApr 2026undisclosedInvestecsource
Mahube InfrastructureRenewable power plants: solar, wind, hydro, geothermal, biogas · South Africa · GrowthApr 2026undisclosedundisclosedsource
Mulilo — stockage par batteries MercuryStorage and batteries · South Africa · DebtApr 202686.4 M$Standard Banksource
SPS — Slimsun Too phase 2Off-grid solar and solar kits · South Africa · DebtMar 20265.4 M$Investecsource
Mulilo — centrale solaire d'OrkneyOff-grid solar and solar kits · South Africa · DebtFeb 2026undisclosedStandard Banksource
SolarAfricaOff-grid solar and solar kits · South Africa · DebtFeb 202694 M$Rand Merchant Banksource
PlentifyCommercial & industrial energy · South Africa · Series ANov 202515 M$Secha Capitalsource
SolarSaverOff-grid solar and solar kits · South AfricaNov 202560 M$Inspired Evolutionsource
Maxwell+SparkStorage and batteries · South Africa · Series BOct 202515 M$Klimasource
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.