February 7, 2023
AllOnAuxano Deal sign off

Auxano Solar is a renewable energy solution provider with high proficiency in the solar energy industry. Founded in 2014, the company delivers high-performance residential and commercial solar system solutions.

Auxano’s high-performance solar panels are produced from high-efficiency solar cells thus, they generate more power than conventional solar panels. 

Headquartered in Lagos, Auxano Solar is continually re-inventing new and better ways to provide more efficient and affordable Solar & Inverter systems.

Auxano Solar is an indigenous renewable energy solution provider with an emphasis on solar energy. Dealing in the manufacture of solar panels, procurement, sales, design, installation, and maintenance of solar inverter systems.

It is also a developer of solar and inverter systems designed to provide environment-friendly resources. The company offers solar panels, solar light-emitting diode (LED) bulbs, street lights, hybrid inverters, and solar panels, enabling clients to use green energy without polluting the environment.

Their Vision is to become the preferred renewable energy solution provider in Nigeria and make Auxano Solar a household brand in Nigeria.

Auxano Solar is continually re-inventing new and better ways to provide more efficient and more affordable solar inverter systems since they are a Service Company rather than a sales company and until their solutions have met and exceeded their client’s expectations, their job is not done.

How it Works

Energy Efficiency

Reducing energy use in your home saves you money, increases energy security, and reduces the pollution that is emitted from non-renewable sources of energy.

If you are planning to install a small renewable energy system to make your electricity, such as a solar energy system, reducing your electricity loads is the first step because it allows you to purchase a smaller and less expensive system.

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Home Energy Assessment

A home energy assessment, also known as a home energy audit, can help you understand the whole picture of your home’s energy use, comfort, and safety. 

An assessment can help you determine how much energy your home uses, where your home is inefficient, and which problem areas and fixes you should prioritize to save energy and improve the comfort of your home. 

Additionally, the home energy assessment should be your first step before making energy-saving home improvements, as well as before adding a renewable energy system to your home.

Sustainability

The environmental sustainability at Auxano Solar Nigeria Limited refers to their mindfulness of the effect that they have on the environment and natural resources. 

As a company and as individuals, they make a conscious effort to produce the smallest environmental impact possible so that we may preserve the quality of life for present and future generations.

Making use of solar energy is a great way to reduce your carbon footprint on the environment. 

With the damage that fossil fuels and other non-renewable energy sources are doing to the environment, every measure taken to counter-balance this negative effect is crucial.

Sustainability is an important component of giving back to the environment we all strive to conserve. 

Thus, energy-saving solutions should be implemented not only because they’re economically beneficial but sustainable.

Founders

Chuks Umezulora

Chuks Umezulora

Chuks Umezulora is the Co-Founder & C.O.O at Auxano Solar.

Chuks Umezulora has over 13 years of experience in Solar PV Design & Installation across Nigeria and Africa.

Before Co-founding Auxano Solar, Chuks served as a founding member and Director of Chume Integrated Services Company Limited. 

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Before joining CISCL, he was a member of the technical team of Sky Resources Nigeria Ltd, one of the biggest pioneers of solar PV technology in Nigeria.

He holds a Bachelor’s degree in Industrial Chemistry from Imo State University Owerri, Nigeria.

Investors & Funding Rounds

All-On

All-On

Shell-funded impact investment company All On has announced a $1.5m investment in Auxano Solar Nigeria Limited to scale its operations over the next five years.

All On is an independent impact investing company that works with partners to increase access to commercial energy products and services for unserved and underserved off-grid energy markets in Nigeria, with a special focus on the Niger Delta. 

All On invests in off-grid energy solutions spanning solar, wind, hydro, biomass, and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge its significant energy gap.

This investment would guarantee the expansion of Auxano’s solar panel assembly capacity by over 50 percent and is a great win for local content.

All On’s contribution will be a blend of equity and debt investments that will facilitate the increase of Auxano’s capacity utilization by funding its expansion plans, covering facility relocation, and meeting the working capital financing needs of a rapidly growing company that is also involved in the sales and distribution of renewable energy components such as hybrid inverters and charge controllers.

The investment will also enhance the company’s services such as after-sales installation, management, and maintenance services of renewable power solutions to its customers.

The All On Hub will also provide development support, including functional and innovation support, business opportunity development, and investor/donor engagement.

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Main Competitors

Gintech Energy Corporation: It manufactures and distributes solar cells.

Anhua Taisen Recycling Technology Co. Ltd.: It is a Lithium-ion battery recycling company and battery materials manufacturer.

Cleantech Solar: This is a pan-Asia solar developer who invests, owns, and operates solar PV plants.

Related:

Easy Solar: Story, Founders, Investors & Funding Rounds

Valenture Institute: Story, Founders, Investors & Funding Rounds

EFAfrica Group: Story, Founders, Investors & Funding Rounds

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