Off Grid Electric raises $25m

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Off Grid Electric raises $25m

Tanzanian off-grid solar energy provider Off Grid Electric has raised a US$25 million funding round, enabling it to expand to a second market, Rwanda. The US$25 million investment round includes investors DBL Investors, Zouk Capital, Vulcan Capital and SolarCity – which have also previously invested in Off Grid Electric -; while Paris-based impact venture fund Energy Access Ventures (EAV) joined the round, making its inaugural investment, to the tune of US$2 million. Read more

Off-Grid Electric
DBL Investors
Zouk Capital
Vulcan Capital
SolarCity
Energy Access Ventures
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