Nuru (Formerly Kivu Green Energy)

Nuru (Formerly Kivu Green Energy)

Dedicated to enhancing connectivity in the Democratic Republic of Congo.

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$40.0m

Series B
Total Funding000k
More about Nuru (Formerly Kivu Green Energy)
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Nuru, formerly known as Kivu Green Energy, is a company dedicated to enhancing connectivity through renewable energy solutions in the Democratic Republic of Congo (DRC). Established in August 2015 and rebranded in September 2019, Nuru focuses on developing solar hybrid metrogrids to provide reliable and sustainable energy. The company serves a diverse range of clients, including local communities, businesses, and governmental entities, primarily in underserved regions of the DRC. Operating in the renewable energy market, Nuru's business model revolves around the construction and operation of solar hybrid power plants, which combine solar energy with other renewable sources to ensure a stable power supply. The company generates revenue through the sale of electricity and related services, leveraging significant investments to scale its operations. Recently, Nuru secured over $40 million in Series B equity funding, with plans to expand its capacity by an additional 13.7 MWp. This funding will enable the company to enhance its infrastructure and broaden its impact, making it a key player in the renewable energy sector in sub-Saharan Africa.

Keywords: renewable energy, solar hybrid, metrogrids, DRC, connectivity, sustainable energy, underserved regions, Series B funding, infrastructure, sub-Saharan Africa.

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