The US-based distributed energy financing platform closes a $74 million round combining equity and debt to accelerate solar deployment across Africa, Asia and Latin America.

Odyssey Energy Solutions, a distributed renewable energy financing platform based in Boulder, Colorado, has announced a $74 million funding round. The financing consists of $27 million in equity and $47 million in debt, according to a company statement. New equity investors include Broadscale Group, FMO and Al Mada Ventures, alongside continued participation from existing investors such as Union Square Ventures, Equal Ventures, Abstract Ventures, Twelve Below, FJ Labs, MCJ and Transition Ventures. On the debt side, British International Investment, BIO, the Facility for Energy Inclusion — represented by Cygnum Capital — and the Energy Entrepreneurs Growth Fund, represented by TripleJump, took part in the deal.

A network of more than 6,000 solar installers

Odyssey's platform connects more than 6,000 solar installers and engineering, procurement and construction (EPC) companies with financiers and equipment suppliers across more than 50 countries in Africa, Asia and Latin America. According to the company, this network has facilitated access to $3.6 billion in capital for distributed energy projects. A similar dynamic is visible elsewhere, as illustrated by the recent round covered in Aligned Climate Capital lève 500 M$ pour le solaire distribué aux États-Unis. Launched in 2024, Odyssey's procurement platform aggregates equipment orders across its EPC network, giving these small and medium-sized companies access to volume pricing paired with embedded supply chain credit, and has unlocked 1.5 GW of projects to date.

"The focus of financing for distributed renewable energy has historically been on post-construction capital — funding that flows once a project is built," said Emily McAteer, co-founder and CEO of Odyssey Energy Solutions. "That has left a significant gap upstream, where thousands of small and medium EPCs and installers lack the working capital needed to procure equipment, complete construction, and unlock customer payments." According to her, Odyssey bridges this gap directly by providing companies with the equipment pricing and financing needed to accelerate project delivery.

Nigeria and India driving demand

In Nigeria, where diesel backup generators supply more electricity than grid-connected power plants according to the International Finance Corporation, diesel prices jumped more than 93% between February and April 2026 following supply disruptions in the Strait of Hormuz. In India, where Odyssey's platform has grown 205% over the past 12 months, new domestic manufacturing requirements for solar components are reshaping supply chains, as reflected in capacity recently brought online and detailed in Tata Power met en service 190,5 MW de solaire FDRE au Rajasthan. Rapid data center construction, driven by rising AI compute demand, is further increasing electricity demand at a pace grid infrastructure is struggling to match, a trend documented in L'Inde reste dépendante des importations de cellules de batteries, selon Wood Mackenzie, adding urgency to distributed solar and storage as a complement to centralized power supply.

"Distributed solar in emerging markets has reached a watershed moment," said Andrew Shapiro, founder and managing partner at Broadscale Group. "The demand is there, the economics work, and the remaining constraint to deployment at massive scale is access to capital and procurement infrastructure for installers." Piyush Mathur, co-founder and managing director of Odyssey Energy Solutions, said conditions for rapid deployment of clean energy have never been stronger, with EPCs and distributed energy developers growing at unprecedented rates. The new capital is intended to expand Odyssey's procurement platform, which aggregates equipment orders from smaller buyers to improve terms negotiated with suppliers.