Earthbond is a platform that matches Nigerian SMEs, cooperatives and business associations with solar energy systems and financing tailored to their location and usage. It aggregates demand to secure group‑buy pricing, offers up to 48‑month loans, and manages the full installation and warranty process, enabling businesses to replace costly generators with reliable solar power.
Funding
$200K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MFounders
Product
Problem
SMEs in Nigeria rely heavily on diesel or petrol generators due to unreliable grid power, leading to high fuel costs, maintenance expenses, and environmental impact. Access to affordable, reliable solar installations and financing is limited, especially for businesses without upfront capital.
Solution
Earthbond offers a one‑stop platform that matches Nigerian businesses with suitable solar energy systems and financing options. Companies provide location, energy usage, and business details, after which Earthbond conducts an audit, generates a custom quote for a 1.5 kVA–100 kVA solar solution, and arranges loan terms up to 48 months. The platform aggregates demand to negotiate group‑buy pricing, partners with vetted installers for high‑quality equipment (panels, inverters, batteries), and handles installation within a week of deposit. Financing is pre‑approved through partner banks, with payments spread over months or years, and the installed system includes a multi‑year warranty and ongoing maintenance.
Target Audience
Primary customers are Nigerian small and medium‑size enterprises, cooperatives, and business associations seeking to replace generator power with reliable solar energy.
Features
- Automated renewable‑energy matching using historical usage data and geographic factors to recommend optimal system size (1.5 kVA–100 kVA)
- Group‑buy purchasing model that lowers equipment costs and improves financing terms for cooperatives and business associations
- End‑to‑end workflow: data collection → custom audit → detailed quote → loan application → installation → warranty support
- Flexible financing options, including up to 48‑month loans with monthly payments, supported by partner banks and optional inventory financing for installers
- Network of vetted solar installers providing rapid deployment (typically within 4–12 weeks) and 100 % upfront material payment plus staged labor payments
- Cloud‑based dashboard for businesses to track energy generation, savings, and loan repayment status
- Compatibility with external solar quotes, subject to Earthbond’s quality review, ensuring broader supplier choice