Your Opportunity to Own Part of Sun Exchange

Published: 02 Sep 2019

Since Sun Exchange launched in 2015, YOU, our global community of customers, solar cell purchasers, off-takers and other supporters, have been essential to our continued growth and success. Now, we’re thrilled to present an opportunity for you to deepen your support of the Sun Exchange mission to connect the world to the sun, and your ability to benefit from our relentless pursuit of that mission. Today, Sun Exchange is launching a R7 million (approx. US $460,000) Uprise.Africa equity crowdfunding campaign, for approximately 5.2% equity stake in Sun Exchange.

The Uprise.Africa crowdfunding campaign is open to anyone over the age of 18, anywhere in the world, interested in joining the global Sun Exchange movement of transitioning the world away from harmful fossil fuels by promoting accessible and affordable solar power for all. To participate in the campaign and invest in Sun Exchange, simply create an Uprise.Africa account and visit the Sun Exchange campaign page.

“We’re thrilled to partner with Uprise.Africa to create an opportunity for anyone to invest in Sun Exchange, own part of one of the most disruptive companies across the African continent, and benefit from our continued growth and success,” said Abraham Cambridge, CEO and Founder, Sun Exchange. “Decentralisation, democratisation, and profits with purpose are core values for Sun Exchange. We believe in the power of the crowd and people’s ability to unite to create lasting positive social and environmental impacts, while also earning solid financial returns. This equity crowdfunding campaign epitomises those values.”

Sun Exchange is renowned as a technology and renewable energy leader across Africa. Since launching in 2015, we’ve built a community of more than 8,000 Sun Exchange members across approximately 140 countries and brought solar power to 13 South African schools, businesses and organisations, offsetting 1,500 tonnes of carbon per year, and growing. We’ve received extensive accolades for our unique approach to solar finance, including being named one of Fast Company Magazine’s Top 10 Most Innovative Companies in Africa, and being listed among Africa’s “Energy Elites” by ESI Africa for the last two years running.

“Uprise.Africa supports organisations that demonstrate it’s possible to run a successful business while creating significant positive social and environmental impacts,” said Patrick Schofield, Co-founder, Uprise.Africa. “Sun Exchange is an African success story on the fast-track to revolutionising energy and finance and we are delighted to be part of that journey.”

Over the last four years, Sun Exchange has grown into a globally significant brand, bringing in investors such as Boost VC, Alphabit, Techstars, as well as numerous individual U.S. and E.U. investors. Funds raised through the Uprise.Africa campaign will accelerate the company towards its next stage of growth, including:

  • Elevating marketing efforts to grow the Sun Exchange user base by 10X over the next two years.
  • Scaling to new markets in Africa in the short term, and Eastern Europe, South America and Central Asia in the medium to long term.
  • Building out its technology team to further develop the already robust, award-winning Sun Exchange platform into an interactive and gamified solar cell ownership dashboard with rewards and referral programmes.
  • Establishing a larger, permanent office in Cape Town, along with taking on new staff to grow the sales, business development and marketing teams.

The Sun Exchange Uprise.Africa equity crowdfunding campaign is part of a US $3 million (approx. R45 million) seed funding round, of which Sun Exchange has raised approximately $800,000 (approx. R12 million) to date from global investors, including US $500,000 (approx. R7.6 million) from the multi-million dollar hedge fund, Alphabit Fund. The minimum investment to partake in the Uprise.Africa crowdfunding campaign is R3,000 (approx. US $198).

Learn more about the Sun Exchange equity crowdfunding campaign with Uprise.Africa and your opportunity to participate by clicking here.

If you have any questions please don’t hesitate to reach out: