BBOXX Ltd, a London-based provider of off-grid solar systems active in many parts of Africa, has secured $20 million in Series C funding from a consortium of international backers and investors.Founded in 2010, BBOXX has been active in many parts of sub-Saharan Africa, bringing its distributed solar energy platform to large swathes of off-grid areas in Kenya and Rwanda. Having enjoyed success in these countries, the company intends to use the $20 million investment to aid its expansion into West Africa, namely Nigeria, Cameroon and the Ivory Coast. BBOXX also said it will steer some of the funds towards growing its retail distribution networks and after-sales service centers in Kenya and Rwanda, where it is currently building an operational headquarters in Kigali. This latest round of investment - which follows on the heels of a $15 million fundraising venture in December last year - is supported by French energy firm Engie, Kawisafi Ventures, the Green Climate Fund, Holland's ...Den vollständigen Artikel lesen ...