Solfium raises US$10 million Series A round led by Accion & ALIVEVentures to power Mexico’s businesses with solar energy

Photo: Solfium

Solfium today announced completion of the initial US$7M equity investment in its US$10M Series A financing round. The round was led by Accion and ALIVE Ventures, with participation from Kamay Ventures. This initial investment is the first in a multi stage financing.

Mexico’s fragmented solar market makes switching to clean energy slow and costly for most businesses, including micro, small, and medium-sized enterprises (MSMEs), which make up nearly 99% of all businesses and form the backbone of local and international supply chains. High energy costs and frequent power outages raise operational expenses and leave the engine of Mexico’s economy vulnerable to disruption.

Solfium helps corporates decarbonize and reduce costs across their value chains through solar energy, enabling millions of suppliers, customers, and employees to access cheaper, more reliable energy by simplifying adoption, and providing financing, installation, and long-term

support.

Through partnerships with leading financial institutions, Solfium offers affordable financing options that make solar adoption a cost-effective solution for large businesses and MSMEs investing in growth. Businesses using Solfium’s platform can reduce energy costs by up to 95% over the 25-year life of a PV solar system. They can also mitigate the risks of frequent outages by integrating storage solutions. Solfium is currently working with Coca-Cola, three of the top five banks in Mexico, and other global corporates to provide solar energy for their own operations and for the thousands of MSMEs across their supply chains in Mexico.

With this new round, Solfium plans to reach millions of businesses including underserved owner managed operations which will benefit from financial inclusion initiatives powered by Solfium’s tech stack and at scale alliances with financing partners.

John Fischer, Chief Investment Officer at Accion, said: “By connecting small business owners to the necessary financing for clean solar power, Solfium is filling a critical gap in Mexico’s energy market. With Solfium, entrepreneurs can weather power outages, stay open longer, and continue to generate income, all while reducing emissions and supporting Mexico’s transition to a more sustainable energy source.

"We are proud to partner with Solfium, a pioneering company transforming access to clean energy for MSMEs and households across Mexico,” said Virgilio Barco Managing Partner at ALIVE Ventures, “Solfium’s innovative digital platform, corporate partnership model, and strong leadership team align perfectly with ALIVE’s mission to support scalable businesses that drive inclusion and sustainable growth. The company is not only accelerating the energy transition but also empowering small businesses to thrive through lower energy costs and greater resilience.”

"Our mission is to make solar energy accessible to every business in Mexico — from global corporations to local entrepreneurs,” said Andres Friedman, CEO and Co-founder of Solfium. 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.

For more information about Solfium, visit www.solfium.com