Bettervest by Ariya Finergy

Goals & Process

• 2015: Built a reputation for offering services to commercial costumers   
• 2016: Powering Agriculture Energy Grand Challenge (awarded) 
• 2020: Solar- PV  energy management controller project was picked by Innovative UK to receive funding 
• 2021: CEO of Ariya Finergy was awarded to be „woman in solar of the year“  by the African Solar Industry Association (AFSIA) 
• Only installing the Solar panels for well established medium enterprises, after they have been tested.  

Funding type

Fundraising (loan), Investors + Co- Funding 

• German company collects the capital of the crowd and channels it to the Kenian company, owning the solar panels, until the loan is paid off in full.  
• + 25% of project costs by mother company Ariya Finergy Holdings Limited Mauritius through a subordinated loan.  
• + Warranty of 50% of the loan amount of the mother company (Ariya Finergy Holdings Limited Mauritius), in favour of the daughter company (Ariya Finergy Limited 

Successes & Challenges

Reducing the risk:  

• founding of two subsidiaries (German: Ariya Emissions UG, independent from the African company + Kenian: Ariya Finergy Limited) and liquidity buffer (25.000 Euro) 
• Net Worth of AFL as security for the German company 
• Taking on 25% of the project costs themselves  
• Warranty  
• Payback rate = 100% 
• Operating since 2015 in Kenya, doing solar
• Built reputation by installing 29 solar-farms 

Takeaways & Additional Information

• Ariya Finergy Limited is not allowed to take on any additional liabilities, if they are not connected to solar energy.  
• Costumer demands of Ariya Finergy Limited will be paid in USD, to reduce currency risks.
• The Swiss Embassy in Bangladesh and LightCastle Partners are trusted collaborators in this unique ecosystem building program. 

Source: FASE Deutschland