About Us

Who we are

Founded in 2012, we are leading experts and pioneer investors in the off-grid sector. We believe that building commercially successful businesses is the best approach to sustainable socio-economic impact in underserved emerging markets. We also believe building businesses that provide clean energy is the best strategy for fighting climate change

Our sector-defining publications and analysis underscore our commitment to a collaborative approach to accelerate the development of the sector.

Our Value Statement

Our foundational purpose is to improve lives regardless of race, religion, gender, creed, sexual orientation, physical or mental limitations or background. We encourage and celebrate the entire variety of human experience in our work and around the world. We believe that dignity is a basic human right and one we uphold.

Our Approach

We invest in ventures that meet or enable businesses to meet all of the following criteria:

  • Use commercial discipline to deliver sustainable socio-economic impact
  • Use and promote clean energy
  • Serve customers in underserved emerging markets
  • Provide essential products and services to households and businesses
  • Are at an early stage

We seek to work with exceptional entrepreneurs to build businesses that are aligned with our investment criteria and partner with them in the following ways:

  • Leverage our extensive networks and deep sector and market knowledge to find the most promising opportunities
  • Utilize on the ground presence, deep operational knowledge at the board level, as a strategic adviser or in a temporary management role to accelerate growth of businesses. Read more about What We Do.
  • Institute governance and processes to improve visibility into business performance and mitigate risk

Pioneering Milestones

  1. 2012

    • Invested in Off Grid Electric

      First investment in an off-grid company

  2. 2013

    • Invested in Fenix

      Investment in first off-grid company in Uganda

    • Invested in Persistent Energy Ghana (PEG Africa)

      First off-grid energy company in West Africa

  3. 2014

    • Published seminal white paper

      Published seminal white paper on how to build commercially sustainable companies in the PAYG sector

  4. 2015

    • Held the first Seminar for the Sector on FX risk mitigation in PAYG companies

    • Successfully structured and closed Africa‘s first solar asset receivables backed securitization

      BBOXX DEARS securitization in Kenyan Shillings

  5. 2016

    • Investment in SolarWorks!

      First off-grid company in Mozambique

  6. 2017

    • Investment in Oolu Solar

      First off-grid company in Senegal, Mali and Burkina Faso

  7. 2018

    • Investment in Zonful Energy

      First off-grid company in Zimbabwe