Bboxx, a London, UK-based global off-grid solar company, closed a $20m Series C funding round.
Backers included MacKinnon, Bennett & Company (MKB), ENGIE Rassembleurs d’Energies and KawiSafi Ventures, as well as existing investors Khosla Impact Fund, Bamboo Finance and DOEN Foundation.
The company intends to use the funds to expand its presence in existing markets, Kenya and Rwanda, and accelerate the provision of licensed products and services in other markets, including the creation of three franchises in the West African countries of Cameroon, Ivory Coast and Nigeria.
Led by CEO Mansoor Hamayun, Bboxx has developed a distributed energy platform, comprising data-driven technology and a solar home system design to deliver off-grid energy on a utility scale. Since 2010, the company has provided off-grid electricity to more than 350,000 people in 35 countries around the world.
It is currently building its operational headquarters in Kigali, Rwanda.