Our profitability study Learnings from a Decade of Investing in Energy Access in Africa: Why Scale Is Not Everything, Profitability Is Here And Now Is The Time To Double Down is now available!
Click here to access the full publication.
Persistent, like many others, thought that pay-as-you-go off-grid solar as a subsector of energy access would reach profitability and hockey stick growth within 5-7 years. That has not happened. Faced with disappointed expectations, we decided to re-analyze our experience taking another deep dive into the industry financials, reflecting on our venture building work, and speaking to founders, executives, investors, and other stakeholders.
This publication shares our learnings – and not least – a lot of good news! Our goal is to spur discussion, exchange experiences, and encourage all our readers to join us on this critical mission of building strong energy access companies while lifting millions out of energy poverty.