Sedgeley Solar Group (SSG), a renewable-energy platform that offers capex-free solar solutions for commercial and industrial (C&I) clients, has raised $60 million in equity funding.
The funding was primarily provided by Inspired Evolution’s next-generation energy transition fund, Evolution III, which invested $30 million. The remaining funding came from international development finance institutions, including FMO and Swedfund, as well as a significant reinvestment from the founders and RMB Corvest.
SSG, a consolidated company of two renewable energy businesses, SolarSaver and Sedgeley, combines SolarSaver’s portfolio of contracted C&I solar PV and battery energy storage system (BESS) assets with Sedgeley’s EPC and operations capabilities.
The group currently operates in South Africa, Namibia, Botswana, and Zambia with over 140 MW of installed capacity and ongoing operations. This funding is expected to accelerate the deployment of new C&I systems.
Bravura Capital acted as the sole financial advisor to the transaction. Bowmans served as the legal advisor to the sellers and founders, while Cliffe Dekker Hofmeyr advised the buyers and managed the competition processes. Rand Merchant Bank provided acquisition financing.
“This new investment marks an exciting milestone in our mission to deliver reliable, affordable clean energy to commercial and industrial clients across the region,” said Tim Frankish, Co-Founder of SolarSaver and Sedgeley. “Our partnership with world-class investors like Inspired Evolution, FMO, and Swedfund provides both the capital and expertise to accelerate our expansion and deepen our sustainability impact.”
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, in 9M 2025, VC funding activity decreased 17% YoY, with $2.9 billion raised in 55 deals compared to the $3.5 billion raised in 39 deals in 9M 2024. Solar downstream companies led financing activity with 40 deals worth $2.5 billion in 9M 2025.
In July, Planted Solar, a company that provides solar energy project deployment platforms, secured a $12 million funding round led by Piva Capital, with participation from existing investors Breakthrough Energy Ventures, Khosla Ventures, and Team Builder Ventures.
