S
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
Valuation & funding
Sun King funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
Comparisons
Sun King compared with similar companies
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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
Source: Dealroom Talent Intelligence.
Global footprint
Where Sun King has talent and traffic
team presence
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.
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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