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

Through human and financial capital, Persistent invests in and advises early stage commercial businesses in emerging markets that:

  • Use commercial discipline to deliver sustainable socio-economic impact
  • Promote and proliferate renewable energy
  • Provide essential products and services to customers
  • Create economic opportunities for individuals in local communities

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:

  • We take on key roles at our partner companies to help build finance capacity, engage in strategic planning, assist with IT development and fund raise.
  • We leverage our extensive networks and deep sector and market knowledge to find the most promising opportunities for our partner companies.
  • We utilize on the ground presence and deep operational knowledge at the board level, as a strategic adviser and in temporary management roles to accelerate growth of partner companies. Read more about What We Do.
  • We institute governance and processes to improve visibility into business performance and mitigate risk.

Pioneering Milestones

  1. 2019

    • Launch of the EEGF

      The launch of the Energy Entrepreneurs Growth Fund with Persistent serving as advisor to the fund

  2. 2018

    • Investment in Zonful Energy

      First off-grid company in Zimbabwe

  3. 2017

    • Investment in Oolu Solar

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

  4. 2016

    • Investment in SolarWorks!

      First off-grid company in Mozambique

  5. 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

  6. 2014

    • Published seminal white paper

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

  7. 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

  8. 2012

    • Invested in Off Grid Electric

      First investment in an off-grid company