Solfium, a Mexican solar energy company, closed the first $7M of its US$10M Series A round. The investment was led by Accion and ALIVE Ventures, with participation from Kamay Ventures.
Solfium helps companies decarbonize and cut costs across their value chains through solar energy. Its platform simplifies solar adoption by offering financing, installation, and long-term support, making clean energy more accessible to suppliers, customers, and employees.
With the funds, Solfium plans to reach more businesses, including underserved owner-managed operations, through financial inclusion initiatives powered by its technology and partnerships with financial institutions.
“Clean energy shouldn’t be a privilege. With this funding, we’re accelerating the transition to reliable, affordable solar energy that strengthens both our economy and our planet,” said Andres Friedman, CEO and Co-founder of Solfium.
Solfium currently works with Coca-Cola, three of Mexico’s top five banks, and other global corporations to provide solar energy for their operations and for thousands of MSMEs across their supply chains.