SunCulture Secures $12M to Expand Solar Irrigation Across Africa
Kenyan climate tech startup SunCulture has secured $12 million in funding, aiming to expand its solar irrigation solutions across Sub-Saharan Africa. The company, which operates under a 'Pay-As-You-Grow' model, has already sold 47,000 systems and plans to equip hundreds of thousands of smallholder farmers with IoT-enabled solar-powered irrigation by 2030.
SunCulture's latest funding round, part of a $27.5 million Series B drive, saw investments from notable figures such as Eric Schmidt and Reed Hastings, as well as Acumen Funds. Additionally, Alphamundi Group and the Global Innovation Fund participated in the round. InfraCo Africa, a division of the Private Infrastructure Development Group (PIDG), also strategically invested in equity through a partnership with Savant Group Ltd.
The company, present in Kenya, Uganda, and the Ivory Coast with distribution agreements in Ethiopia, Zambia, and Togo, offers small-scale farmers access to cost-effective, solar-powered water pumps. These pumps can reduce ownership costs by up to 50% compared to fuel-based alternatives. SunCulture's mission is to provide a sustainable solution, helping farmers reduce their reliance on expensive, environmentally damaging fuel-based pumps and seasonal rainfall.
With this latest funding, SunCulture plans to scale its operations and incorporate additional services for farmers, such as insurance and soil testing. The company has raised a total of $65 million through the Series B round, demonstrating strong support for its innovative approach to climate-smart agriculture.
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