Top 5 Clean Energy VC Funds &amp; Investors in Mauritius (August 2026)

Created in 2012, FSD Africa is a £30 million financial sector development programme or ‘FSD’ based in Nairobi. It is funded by UK aid from the UK Government. FSD Africa aims to reduce poverty across sub-Saharan Africa by building financial markets that are efficient, robust and inclusive.FSD Africa is a market facilitator or catalyst. It appliesa combination of resources, expertise and research to address financial market failures and deliver a lasting impact. FSD Africa has a mandate to work across sub-Saharan Africa on issues that relate to both ‘financial inclusion’ and ‘finance for growth.’FSD Africa is also a regional platform. It fosters collaboration, best practice transfer, economies of scale and coherence between development agencies, donors, financial institutions, practitioners and government entities with a role in financial market development in sub-Saharan Africa. In particular, FSD Africa provides strategic and operational support to the FSD Network.

Investment focus

Industry: Financial Services, Energy, Finance
Stage:Grant, Venture - Series Unknown, Seed
Geography: Kenya, Ethiopia, United States

Investor stats

Total investments: 22
Round size: Seed $4M–$6M; Grant $10k–$134k; Venture - Series Unknown $4.5M–$10M
Lead/follow: 77% lead, 23% follow

Portfolio highlights

Miarakap — Miarakap is the first impact investment company dedicated to financing and supporting Small and Medium Enterprises with high potential in Madagascar.
Dhamana Guarantee — An East African focused credit guarantee company whose principal business is to guarantee local currency debt obligations in Kenya, Tanzania, Uganda and Rwanda.
Africa Renewables Katalyst — ARK (Africa Renewables Katalyst Ltd) a Kenyan based company focused on helping Africa realize its full renewable energy potential through I-RECs

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The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

Investment focus

Industry: Biotechnology, Health Care, Energy
Stage:Debt Financing, Post-IPO Debt
Geography: France, Germany, The Netherlands

Investor stats

Total investments: 520
Round size: Post-IPO Debt $18M–$726M; Debt Financing $16M–$352M
Lead/follow: 83% lead, 17% follow

Portfolio highlights

Ukrposhta — Ukrposhta sends and receives shipments from all over the world, as well as orders mail products sent to the most distant corners.
IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.

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Fortis Green Renewables Investment Management provides flexible capital to renewable energy assets in Sub-Saharan Africa. The management team has extensive African investment experience: $14 billion across 20 African countries. The company was founded in 2020 and is based in Kigali, Africa.

Investment focus

Industry: Energy, Finance, Clean Energy
Stage:Venture - Series Unknown
Geography: Mauritius

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Spark Energy Services — Spark Energy Services works with experienced developers across Africa, providing their partners with up to 100% upfront financing for the installation of on-site renewable energy and energy efficiency equipment for C&I businesses. Spark provides access to a diversified portfolio of clean energy projects across Africa, offering investors aclimate-positive investment with a strong, transparent, and robustly measured ESG profile. Through their development partners, Spark offers C&I companies a zero up-front cost solution to their energy needs, whilst significantly reducing their monthly power bills.

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Triple Jump is an impact-focused investment manager dedicated to creating positive social and environmental change while delivering healthy financial returns. Discover how we invest in emerging markets to drive sustainable growth.

Investment focus

Industry: Energy, FinTech, Financial Services
Stage:Debt Financing, Seed, Series A
Geography: India, Mauritius, Kenya

Investor stats

Total investments: 18
Round size: Debt Financing $4M–$18M
Lead/follow: 56% lead, 44% follow
Last fund: Likely still investing — raised $13M in 2022

Portfolio highlights

Candi — Combining the best of its roots in Switzerland, and extensive local presence, candi offers companies of all sizes the simplest, most efficient way to take advantage of solar power for their business.
MAX — Make mobility accessible, safe, reliable, and sustainable for 1 billion Africans
TBC Uzbekistan — The first next-generation greenfield digital bank in Uzbekistan, established by TBC Group - FTSE 250 constituent financial services group

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