Solar innovators company Azuri tech is ranked 325th fastest growing company in Europe

A leader of pay-as-you-go solar home systems for off-grid Africa, Azuri tech is ranked 325th fastest growing company in Europe by the Financial Times in its annual FT1000 ranking.

The company has been operating in sub-Saharan Africa since 2012. Azuri tech is ranked 325th fastest growing company in Europe because of its effort as it has delivered affordable solar home systems on a commercial basis to customers in 12 countries including Uganda in sub-Saharan Africa.

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Azuri technologies has sold more than 200,000 systems to date impacting more than 750,000 lives.

Azuri tech is ranked 325th fastest growing company for efforts in Uganda and other countries

A solar irrigation system by Azuri technologies was named the winner of the Uganda renewable energy fund launched by the UN CleanStart programme and Embassy of Sweden.

Azuri has coupled off-grid solar with energy-efficient smart TVs, rechargeable radios, satellite entertainment, internet access and a range of other appliances and services to bring modern digital technology to off-grid households.

In addition to research and development facilities in Cambridge, Azuri has operations in Kenya, Tanzania, Uganda, Zambia and Nigeria.

The ranking is based upon the annual growth rate in revenue and those that make the list are considered to be at the forefront of business and innovation. Azuri ranked 325 on the list (up from 370th in the 2020 list), having achieved a 503% revenue growth over four years. This is the third year the company has been listed in the FT1000.

Azuri is again the only off-grid solar company to make the list and the company’s growth can be attributed to the consistent need for affordable, off-grid energy solutions in sub-Saharan Africa. This is a region where 600 million people lack access to reliable energy services and modern devices.

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