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Sun King

Energy · Chicago, United States · Founded 2008

Pay-as-you-go solar energy for off-grid homes. MoreLess

Sun King, formerly known as Greenlight Planet, is a major player in the off-grid solar energy market, primarily serving communities in Africa and Asia that lack reliable access to electricity. The company was founded in 2007 by T. Patrick Walsh and Anish Thakkar, who met at the University of Illinois. Walsh had been working on biofuel microgrids in India, which sparked the initial idea to create a cleaner, more reliable alternative to kerosene lamps. Joined by Thakkar, they developed their first solar products and secured initial seed funding after a pitch to one of ZS Associates' co-founders, Dr. Prabha Sinha, who became a long-term mentor. Based in Nairobi, Kenya, Sun King has since expanded its operations to multiple countries, powering the lives of over 82 million people.

The company's core business revolves around designing, manufacturing, distributing, and financing solar home energy products. Its offerings range from simple solar lanterns for lighting and phone charging to more extensive solar home systems that can power lights, radios, mobile phones, and even larger appliances like televisions and refrigerators. Sun King also provides powerful solar inverter systems that can serve as a complete energy storage solution for homes and businesses, acting as a reliable alternative to generators. This product range allows customers to leapfrog traditional electrical grids and fossil fuels entirely.

Sun King's business model is centered on a direct-to-consumer, pay-as-you-go (PAYG) system, which makes its products affordable for low-income households. Customers can acquire a solar system with a small initial payment and pay off the remaining balance in small, flexible installments using mobile money. This model removes the significant barrier of high upfront costs. The company operates one of the largest direct-to-consumer distribution networks for solar products, utilizing a large team of field agents for sales, installation, and service. As of early 2026, the company announced a $150 million investment to expand its PAYG model into Ethiopia, aiming to reach over 2 million households and businesses by 2030.

Since its inception, Sun King has raised significant funding over multiple rounds to fuel its expansion. A notable Series D round in 2022 raised $260 million to help the company rebrand from Greenlight Planet to Sun King, the name its products were already known by. The company has also made strategic acquisitions, such as purchasing PayGo Energy, to expand into clean cooking technologies. Sun King's integrated approach, which covers everything from product design and manufacturing to last-mile delivery and financing, has established it as a key provider of energy access in emerging markets.

Keywords: off-grid solar, pay-as-you-go, solar home systems, energy access Africa, rural electrification, solar lanterns, PAYG financing, clean energy, emerging markets, sustainable energy, mobile money payments, direct-to-consumer solar, solar inverters, last-mile distribution, financial inclusion, Kenya, Nigeria, Ethiopia, Anish Thakkar, Patrick Walsh

Company overview

Sun King company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2008
Headquarters
Chicago, United States
Employees
1,850
Open positions
None listed
Dealroom signal
73.7
Investment activity
1 companies · latest Apr 2023
Capital deployed
Preferred round
ACQUISITION
client focusb2bsub industryClean Energybusiness modelManufacturingsectorConsumer ElectronicssectorRetailsectorSolar EnergysectorSustainable Development GoalssectorOff-GridsectorRumoured $1BsectorClimate TechsectorRenewable EnergyindustryEnergyindustryHome Living

Valuation & funding

Sun King funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Jun 2026 $4.5M Symbiotics Group
LATE VCOther financing Dec 2025 $40M $1.3B Lightrock
GRANTOther financing Dec 2025 $1.4M Modern Cooking Facility for Africa
DEBTDebt Jul 2025 $156M Citi · Norfund · Absa Bank Kenya · FMO Entrepreneurial Development Bank
DEBTDebt May 2025 $80M International Finance Corporation · Stanbic IBTC Bank
DEBTDebt Jan 2024 Lendable
SERIES DOther financing Dec 2022 LeapFrog Investments
SERIES DOther financing Apr 2022 ARCH Emerging Markets Partners · M&G · Beyond Net Zero (BnZ)
DEBTDebt Oct 2021 Citi · Norfund · CDC Group · Standard Bank
LATE VCOther financing Sep 2020 FMO Entrepreneurial Development Bank · SIMA Funds · Symbiotics Group · responsAbility Investments
Showing 10 recorded eventsUnlock the complete deal history →

Growth signals

Sun King website traffic

Latest recorded traffic for Sun King is 130K monthly website visits, down 27.8% over the last three months. Sun King's team grew 2.3% over the past year.

Latest monthly visits130K 3-month web change-27.8% 1-year team growth+2.3%
Monthly website visits115 observations · Apr 2016–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Sun King compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Capital deployed

Sun King investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Sun King's talent

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Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

28 investors on Sun King's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 1 investor entered at this stage
Modern Cooking Facility for Africa
Series A 1 investor entered at this stage
Series B+ 26 investors entered at this stage
SunFunder
SIMA Funds
Deutsche Bank
Apis Partners
Blue Earth Capital
FMO Entrepreneurial Development Bank
Symbiotics Group
responsAbility Investments
CDC Group
Norfund
Global Partnerships/Eleos Social Venture Fund
ARCH Emerging Markets Partners
Citi
Standard Bank
Beyond Net Zero (BnZ)
M&G
LeapFrog Investments
Lendable
International Finance Corporation
Stanbic IBTC Bank
Absa Bank Kenya
Stanbic Bank Kenya
KCB Bank
Co-operative Bank of Kenya
British International Investment
Lightrock

Global footprint

Where Sun King has talent and traffic

Workforce by country
26 countries with
team presence
🇰🇪 Kenya34.5%
🇳🇬 Nigeria26.6%
🇮🇳 India13.9%
🇹🇿 Tanzania9.9%
🇺🇬 Uganda5.8%
Top 5 of 26 shown

In the news

Latest news about Sun King

Recent press, funding announcements, and product moves mentioning Sun King — open to read from the original sources.

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Market sentiment

What the market is saying about Sun King

An AI-synthesized read of the highest-engagement posts about Sun King on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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