The investment is part of a broader $60 million funding round led by a consortium of development-finance institutions, including FMO and Swedfund.

Sedgeley Solar Group brings together two established renewable-energy companies — SolarSaver and Sedgeley Energy — creating a vertically integrated commercial-and-industrial (C&I) solar and battery energy-storage platform.

SolarSaver contributes its portfolio of contracted solar-and-battery assets, while Sedgeley Energy provides engineering, procurement, construction and operational expertise.

Together, they will serve clients across South Africa, Namibia, Botswana and Zambia.

According to co-founder Tim Frankish, SolarSaver and Sedgeley are merging their portfolios and services into one of the largest C&I energy platforms in the region.

SolarSaver already maintains more than 700 systems on a rent-to-own or power-purchase-agreement basis across South Africa, Namibia and Botswana. Meanwhile Sedgeley Energy has delivered custom solar-PV and hybrid solutions and acts as the technical services arm for SolarSaver.

The financing round also includes substantial re-investment by the company’s founders and private-equity partner RMB Corvest, alongside the growth capital entering from the new investor group.

The capital injection is intended to accelerate the deployment of additional C&I systems across the region.

“Today’s investment marks an important step in our ambition to supply dependable, affordable clean energy to commercial and industrial clients across the region,” said Tim Frankish.

He added that the association with top-tier investors like Inspired Evolution, FMO and Swedfund brings both the capital and strategic support to scale more quickly.

On the investor side, Christopher Clarke, managing partner at Inspired Evolution, said the deal confirms the firm’s conviction that solar-and-battery solutions represent the lowest-cost path to energy transition across Africa.

He pointed to SSG’s proven business model, seasoned leadership team and operational footprint as key reasons for the investment.

From the perspective of development-finance institutions, FMO’s investment manager Mauricio Magri commented that the firm remains committed to an energy transition that is just and inclusive, aligning private-sector growth with sustainability and regional development.

Meanwhile, Swedfund’s senior investment manager for energy and climate, Jonas Kolijn, said the investment strengthens energy security and advances fossil-free economic growth in one of Africa’s important economic regions.

The formation of SSG and its $60 million funding round comes as the African business environment faces both rising electricity costs and ongoing grid reliability issues.

In this context, solar-plus-storage systems are increasingly being adopted by corporates seeking both cost savings and resilience. SolarSaver’s model — which allows businesses to access solar systems with no up-front capital outlay — positions it well to meet this demand.

With this financing in place, SSG is now poised for accelerated roll-out of commercial solar and battery systems, leveraging both organic growth and consolidation of regional assets.

The move represents a growing trend in African renewable energy, where the scale and integration of operations are becoming critical to commercial viability and impact.