Solar Panda Corporation
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Solar Panda Corporation - overview
Established
2016
Location
Nairobi, -, Kenya
Primary Industry
Consumer Products
About
Based in Kenya, and founded in 2016, Solar Panda Corporation is a supplier of home solar products like radio, TV, and mobile charging. The company was founded by its CEO, Andy Keith. In July 2022, Solar Panda Corporation raised USD 8 million in Series A funding co-led by Oikocredit and the Electrification Financing Initiative. As of 2022, the company had 37 shops across Kenya.
Solar Panda Corporation manufactures and sells pay-as-you-go (PAYGo) solar home systems to customers in Kenya. The company’s product line includes the Solar Panda 32-inch high-definition TV Premium, the Solar Panda TV Starter, the Solar Panda TV Upgrade (TV antenna, satellite, 20-watt solar panel), and the Solar Panda Home Kit (light bulbs, dual-speaker radio, torch). The company plans to use the funds raised in July 2022 to advance its product offerings, expand its footprint within Kenya, and set the stage for further expansion in sub-Saharan Africa.
Current Investors
Oikocredit, Electrification Financing Initiative
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Consumer Electronics Stores
Website
www.solarpanda.com
Verticals
Manufacturing
Company Stage
Series A
Total Amount Raised
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