April 7

Solar Giant, Baobab+ Raises $4.7 Million to Strengthen Access to Power in Côte D’Ivoire and Senegal

By Bright Azuh

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.

Source: TechCabal (link opens in a new window)

energy access, off-grid energy, renewable energy