BBOXX Lands $50M Led by Mitsubishi to Boost Off-Grid Solar in Africa, Asia

By [email protected] 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.

BBOXX, an Imperial London College spinout launched in 2010, 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 “mobile money” platforms common in the cellphone-connected markets it serves.

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