Spark raises $3.5 million growth capital

Latest raise gives Spark a multi-million dollar boost in growth capital, fueling expansion into the energy access market.

Spark is scaling up. Since 2019, we have sold over 20,000 energy kits across Sub-Saharan Africa. With fresh capital from BOM Brabant Ventures, YARD ENERGY Investments and DOEN Participations, Spark is strengthened to take the next step in achieving and improving rural electrification. The capital  enables our company to grow, expand into new geographic markets and further innovate our modular energy solution.

Since Spark was founded in 2013, we have put energy access at the heart of our business model. We know that electricity sparks opportunity. It is crucial to enable economic development for approximately 580 million people in Africa. Our energy kit and supporting ecosystem delivers reliable, solar-powered electricity and appliances to service this need. 

Our solution consists of smart battery packs, connected to solar panels and a range of appliances including lamps, fans and TVs. It is supported by, among others, Spark’s service and payment platform, and financing program for local partners. Our kits are modular which means they can be continually scaled-up  to power a growing range of appliances for productive use.

 “Access to electricity is essential to local economic development”, says Harmen van Heist, co-founder of Rural Spark. “By smartly linking kits, we continue to increase the power and capacity of the kit. By connecting kits to each other, we create energy-networks: simple and future-proof.”

“We’re glad to have the new investors on board. The financial means that allow for growth and development, knowledge of the market and product development will be invaluable to ensure Spark’s capacity to connect a growing number of people to electricity.”