September 2, 2016 IBOMLLC Team

BBOXX successfully raised $20 million to scale up its Solar Power off-grid Electrification across Africa

BBOXX successfully raised $20 million to scale up its Solar Power off-grid Electrification across Africa

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The UK-based BBOXX has announced its successful Series C funding round to the tune of up to $20 million from a number of investors. The funding will be invested towards scaling BBOXX offerings’ reach across the continent of Africa.

BBOXX founded and headquartered in London, UK. It manufactures, distributes, and finances innovative solar solutions that give people living off-grid access to reliable green energy. The company is now targeting the large number of households across Africa who are living off the grid. The company began operations in 2010, and to date. It can boast of having supplied over 350,000 people across 35 countries from around the world with power.

The funds from its Series C funding round will help BBOXX expands into markets it has already launched like Kenya and Rwanda. The fund will also assist the company hasten the process of providing license products and services to other markets it is yet to get into. Particularly markets in West Africa like Nigeria, Cote d’Ivoire, and Cameroon.

The Series C funding was possible through BBOXX’s co-investors MacKinnon, ENGIE Rassembleurs d’Energies, Bennet & Company (MKB), and KawiSafi Ventures.

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