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Developer of a cloud-based software application designed to provide access to microgrid electricity to rural homes. The company's software application and proprietary smart meter run real-time data analytics and automate account management tasks while remotely monitoring and controlling microgrid operations, allowing customers in the rural areas to gain access to an affordable electricity supply that can power small appliances and income-generating equipment.
Last updated
In 2024, Powerhive's revenue reached $4M. The company previously reported $2.9M in 2023. Since its launch in 2011, Powerhive has shown consistent revenue growth.
Powerhive has not publicly disclosed its valuation. The company has raised $41.3M in total funding to date.
Powerhive has raised $41.3M in total funding across 3 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $9.3M | - | - | |
| 2016 | Funding round | $20M | - | - | |
| 2015 | Funding round | $12M | - | - |
CEO
Chris is founder and CEO at Powerhive, Inc., a technology venture founded in 2011 that offers access to productive, affordable, and reliable microgrid electricity. Powerhive focuses on financing, monetizing, and managing distributed electricity solutions through its proprietary technology platform and business model. Chris is an entrepreneur andrecognized pioneer of consumer renewable energy product and services. During the last 15 years he has delivered renewable energy to more than two million people. As founder and CEO of Better Energy Systems he launched Solio, a portable solar charger that defined a new category of small-scale consumer energy solutions. In 2008 Chris led the expansion of Better Energy Systems into East Africa where he and his team introduced Club Solio, leveraging mobile money to create the first pay-as-you go renewable energy service for remote, off-grid regions. Chris has held senior posts at technology startups in the US, UK, and Japan where he identified and developed new revenue streams through emerging internet applications.
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We do not have customer count information for Powerhive yet.
Powerhive employs approximately 85 people as of 2026, including 1 sales reps that carry a quota.
Powerhive generates an estimated $4M in annual revenue.
Powerhive was founded by Christopher Hornor.
The CEO of Powerhive is Christopher Hornor.
Powerhive raised $41.3M across 3 rounds.
Powerhive has 85 employees.
Powerhive is headquartered in Nairobi, Kenya.
Powerhive operates across multiple industries. Browse revenue, funding, and growth data for Powerhive in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$4M(Est.)
Funding
$41.3M
Team
85
Founded
2011
| Year | Milestone | Source |
|---|---|---|
| 2024 | Powerhive Hit $4m revenue in October 2024 | Estimated |
| 2023 | Powerhive Hit $2.9m revenue in October 2023 | Estimated |
| 2021 | Powerhive Hit $2.3m revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 85 employees (October 2024) | |
| 2023 | Reached 85 employees (October 2023) | |
| 2022 | Reached 75 employees (October 2022) | |
| 2021 | Reached 80 employees (December 2021) | |
| 2021 | Reached 68 employees (April 2021) |
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