African Rainbow Capital (ARC), an investment holding company, has recently obtained a minority interest in GoSolr, a residential solar energy company operating in South Africa.
Established in 2021, GoSolr rapidly expanded its solar installations from Cape Town to other major metropolitan areas in 2022. The company’s primary focus is to make solar energy more accessible to households through a solar-as-a-service model with fixed monthly fees, aiming to accelerate the adoption of solar solutions in South Africa.
This strategic partnership with ARC will enable GoSolr to accelerate its operational goals and meet the growing demand for affordable and high-quality solar solutions.
GoSolr’s CEO, Andrew Middleton, expressed enthusiasm about the collaboration, emphasizing the value of ARC’s strong financial position and extensive corporate network in supporting GoSolr’s ambitious growth plans.
The acquisition aligns with ARC’s strategic objectives, as co-CEO Johan van Zyl emphasized, stating that GoSolr’s addition will bring significant value to ARC Investments’ portfolio and extend benefits beyond their current clients.
Furthermore, this partnership reflects a commitment to environmental responsibility by promoting sustainable energy sources, reducing greenhouse gases, and fostering a transition away from fossil fuels. The acquisition supports GoSolr’s mission to drive positive change and underscores the company’s track record of success.