Energy company closes $50m Series D funding round
Next generation utility Bboxx has successfully closed a Series D funding round, valued at $50-million.
The financial milestone includes a substantial investment from Mitsubishi Corporation, which led the funding round.
The cash injection will enable Bboxx to continue with its international expansion.
The investment follows a string of deals and strategic partnerships, including the $31-million investment Bboxx secured from Africa Infrastructure Investment Managers in January.
Bboxx has, to date, installed 200 000 solar home systems, which are remotely monitored through Bboxx Pulse. This digital platform harnesses Internet of Things technology and data to provide utilities at a large scale.
Bboxx has also replicated this model to provide clean cooking solutions using liquefied petroleum gas, with ambitions to deliver other utilities and products in new markets.
Bboxx CEO and co-founder Mansoor Hamayun says the $50-million in funding is “further evidence” of Japanese interest in Africa and pay-as-you-go solar energy globally.
“We look forward to this next phase of growth that will help us to transform more lives, unlock potential and grow our already global footprint by opening up new markets and develop further our product range,” he comments.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















