Series B CleanTech Mixed (Equity + Debt)

$31M

Yellow Solar

Malawi June 2023 Southern Africa

About this Deal

Yellow raised $31M for solar and smartphone PAYG financing.

Investors

Undisclosed investors

Deal Details

Amount$31M

TypeSeries B

InstrumentMixed (Equity + Debt)

SectorCleanTech

FounderMale-led

StatusClosed

Company

Yellow Solar
Startup · Lilongwe

Other Companies in this Market

See all

Nyika National Park Northern Malawi highlands

Nation Publications Malawi Leading independent publisher

Liwonde National Park African Parks success story

Mzuzu Coffee Planters Cooperative Union Northern Malawi coffee cooperative

Malawi Tourism The Warm Heart of Africa

Illovo Sugar Malawi Malawi's sugar giant

People in this Space

See all

Craig Hardie Founder @ Malawi Mangoes

Maclean Cathcart Kay Founder @ Satemwa Tea Estates

Mulli family Founder @ Mulli Brothers Limited

Hastings Kamuzu Banda Founder @ Press Corporation

Related News

See all

The eNaira Was Never Going to Work, and Ghana Should Not Repeat Its Mistakes Less than 0.5 percent of Nigerians had used the eNaira by late 2023. By 2025, approximately 13 milli...

Stop Calling Them Neobanks: The Pan-African Retail Bank Has Arrived Kuda is now a nationally licensed Nigerian bank. FairMoney is a licensed microfinance bank with curr...

Why Nigeria's Open Banking Framework Will Underperform Its Promise Nigeria became the first African country to go live with formal open banking on 1 August 2025. The C...

Clean Cooking in Africa 2026: The 900 Million Access Gap and the Slow Transition From Wood to Clean Fuels Approximately 900 million Africans lack access to clean cooking fuels, relying on wood, charcoal, ke...