{"id":24874,"date":"2019-08-30T06:52:43","date_gmt":"2019-08-30T06:52:43","guid":{"rendered":"http:\/\/abdas.org\/?p=24874"},"modified":"2019-08-30T06:52:43","modified_gmt":"2019-08-30T06:52:43","slug":"bboxx-gives-50m-led-by-mitsubishi-to-strengthen-off-grid-solar-in-africa-asia","status":"publish","type":"post","link":"https:\/\/abdas.org\/2019\/08\/30\/bboxx-gives-50m-led-by-mitsubishi-to-strengthen-off-grid-solar-in-africa-asia\/","title":{"rendered":"BBOXX Gives $50M Led by Mitsubishi to Strengthen Off-Grid Solar in Africa, Asia"},"content":{"rendered":"

\"\"Bboxx, a startup delivering pay-as-you-go solar PV plans to hundreds of thousands of African homes, has landed a $50 million investment led from Japanese industrial giant Mitsubishi, marking another major funding milestone in the off-grid solar market.<\/p>\n

An Imperial College London spinout launched in 2010, Bboxx has installed about 200,000 home solar systems across Africa, many of them coffee and vanilla bean farmers living off-grid. It networks its solar systems and inverters via its Pulse monitoring technology, which allows it to charge customers on an installment plan, pay-as-you-go basis, using \u201cmobile money\u201d platforms common in the cellphone-connected markets it serves.<\/p>\n

Other investors include Engie, the French energy giant that\u2019s made other off-grid solar investments, including its 2017 acquisition of East African home solar installer Fenix International; Luxembourg-based investment fund Bamboo Capital Partners; Dutch investment fund DOEN Participaties; and Canadian growth equity fund MacKinnon, Bennett & Company. <\/p>\n

Overall, the solar home system market has raised more than $1.1 billion through 2018. Some of the biggest investments include Zola Electric (formerly Off Grid Electric) with $261 million, M-Kopa Solar with $194 million, D.Light with $188.5 million, Lumos with $108 million, Greenlight Planet with $82 million, and Mobisol with $79 million<\/p>\n

It does offer liquefied petroleum gas stoves and canisters filled with biogas under a similar pay-as-you-go program, to allow them to replace more expensive and polluting cooking and heating fuels.<\/p>\n

Bboxx hasn\u2019t made batteries a central part of its offering, although it does offer a small 650-watt-hour system linked with a 300-watt solar array.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bboxx, a startup delivering pay-as-you-go solar PV plans to hundreds of thousands of African homes, has landed a $50 million investment led from Japanese industrial giant Mitsubishi, marking another major … <\/p>\n","protected":false},"author":49501,"featured_media":24875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[403],"tags":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/24874"}],"collection":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/users\/49501"}],"replies":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/comments?post=24874"}],"version-history":[{"count":0,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/24874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media\/24875"}],"wp:attachment":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media?parent=24874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/categories?post=24874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/tags?post=24874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}