Solar Giant, Baobab+ Raises $4.7 Million to Strengthen Access to Power in Côte D’Ivoire and Senegal
Baobab+, a solar home systems distributor in West Africa, has raised €4 million in financing for the expansion of its activities in Côte d’Ivoire and Senegal.
The amount was raised in two rounds of €2 million each from Shell’s Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF) and LHGP Asset Management.
According to a message to TechCabal, the raise will help Baobab+ to expand its range with new products and promote socio-economic development in rural areas.
Photo courtesy of David Monje.