BBOXX has raised €6 million for its African solar projects through Trine
London utility company BBOXX has raised €6 million for its African solar projects through Trine
BBOXX designs, manufactures, distributes and finances innovative plug & play solar systems to improve access to energy across Africa and the developing world. More than 150,000 BBOXX products have been sold in more than 35 countries, improving the lives of more than 675,000 people (www.bboxx.co.uk).
Trine, with its 4,400 unique investors, are taking great part in the financing via their crowdfunding platform.
”I was skeptical about crowdfunding, but I love being proved wrong. It’s really boosted people’s engagement with the issue and even driven down the cost of capital,” BBOXX CEO Mansoor Hamayun said in an interview with Business Insider. People across Africa already spend large amounts of money to access electricity through diesel or kerosene, for example, with BBOXX offering a similar solution, albeit more environmentally friendly.
Trine make it easy for people to invest in solar energy in growing markets. Their mission is to give people a triple return on investment – earn a profit while making social and environmental impact. Read more here.
Trine is a portfolio company to Chalmers Ventures