Solfium, a solar energy startup, raises USD 10M in Series A led by Accion and ALIVE Ventures to accelerate solar adoption in Mexico

Mexico City, Mexico 5 November 2025

‍Solfium announced today the closing of an initial US$7 million investment in its 10 million Series A funding 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 funding round.

• With its integrated platform for distributed solar energy adoption, Solfium is empowering Mexican businesses and the more than 5 million micro, small, and medium-sized enterprises in their value chains to transition to cleaner, more reliable, and more affordable energy, promoting both sustainability and economic resilience.
• The fragmented Mexican market makes solar energy adoption slow and costly for most businesses, including micro, small, and medium-sized enterprises (MSMEs), which account for nearly 99 % of all businesses and form the backbone of local and international supply chains. High energy costs and frequent power outages increase operating expenses and leave the engine of Mexico’s economy vulnerable to disruptions.
• Since 2022, Solfium has installed 36 260 solar panels, adding 25 MW of electricity generation capacity. This will reduce emissions by 281 000 tons of CO2 over 25 years, representing savings of 28 million dollars for Solfium’s customers and electricity consumers.

Solfium helps businesses decarbonize and reduce costs across their value chains through solar energy, giving millions of suppliers, customers, and employees access to 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 energy adoption a cost-effective solution for large businesses and micro, small, and medium-sized enterprises investing in growth. Businesses using Solfium’s platform can reduce energy costs by up to 95 % over the 25-year lifespan of a solar photovoltaic system. They can also mitigate the risks of frequent power outages by integrating storage solutions. Solfium currently works with Coca-Cola, three of Mexico’s five largest banks, and other international companies to provide solar energy for their own operations and for the thousands of micro, small, and medium-sized enterprises in their supply chains in Mexico.

With this new round, Solfium plans to reach millions of businesses, including small family-run enterprises, which will benefit from Solfium’s technology-driven financial inclusion initiatives and large-scale partnerships with financial partners. John Fischer, Accion’s Chief Investment Officer, said: “By connecting small business owners with the financing they need to access clean solar energy, Solfium is filling a critical gap in Mexico’s energy market.”

“With Solfium, entrepreneurs can cope with power outages, stay open longer, and continue generating revenue, 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 micro, small, and medium-sized enterprises and households throughout Mexico. Solfium’s innovative digital platform, corporate partnership model, and strong leadership team are an excellent fit for 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,” said Virgilio Barco, Managing Partner at ALIVE Ventures.

“Our mission is to make solar energy accessible to every business in Mexico, from global corporations to local entrepreneurs. Clean energy should not be a privilege. With this funding round, we are accelerating the transition to reliable, affordable solar energy that strengthens both our economy and our planet,” said Andrés Friedman, CEO and Co-Founder of Solfium.

About Solfium

Solfium has developed a unique technology platform that accelerates the mass adoption of solar energy by large businesses and their value chains. The platform enables efficient decarbonization by integrating solar energy and complementary technologies, such as energy management systems, battery storage, electric vehicle chargers, and predictive maintenance solutions, and by connecting suppliers, distributors, employees, and corporate facilities within a unified clean energy ecosystem.
For more information, visit www.solfium.com.

About Accion

Accion is a global nonprofit organization whose mission is to create a fair and inclusive economy for the nearly two billion people who lack access to the global financial system. We develop and scale responsible digital financial solutions for small business owners, smallholder farmers, and women, so they can make informed decisions and improve their lives. Through targeted investment strategies, advisory solutions, and expert thought leadership, we work with local partners to develop and scale financial solutions that are more affordable, accessible, and easy for customers to use. Throughout its history, Accion has helped create 285 financial service providers serving low-income customers in 77 countries, reaching 478 million people.
For more information, visit www.accion.org.

About ALIVE Ventures

ALIVE Ventures is a leading impact fund manager in Latin America that puts impact first, integrates gender-lens investing into every investment, and takes a climate-smart approach to helping communities prepare for, respond to, and recover from the effects of climate change. ALIVE aims to provide investors with attractive risk-adjusted returns while generating measurable social impact.
For more information, visit www.alive-ventures.com.