Salpha Energy, a Nigerian provider of clean and inexpensive solar energy solutions, has received a $1 million investment from All On, a Shell-backed impact investing firm.
With major collaborations with payment collection enablers such as InfiBranches, Paga, and Interswitch, the company has an active distribution network of over 350 people, cooperatives, and dealers around the country.
Salpha Founder/CEO Sandra Chukwudozie remarked, “We are really happy by this support from All On, which is a reflection of their growing confidence in our mission.”
“With this additional support, we will be able to carry out our objective of providing goods for customers with a wide spectrum of evolving energy needs.”
“We are excited about this investment because it is the continuation of a journey that will provide Salpha inventory needed to supply its expanding network of distributors as well as a platform to cement its competitive advantage and respond to growing market demand for Solar Home Systems,” said Goziem Okubor, Senior Investment Associate at All On.
“It’s also an opportunity to assist young indigenous female entrepreneurs in developing an innovative and rapidly expanding solar company.”
By quickly deploying power assets to families in Nigeria and facilitating the development of a sustainable power service payment culture in the Niger Delta and beyond, All On’s contribution would boost a highly scalable opportunity.
Salpha will use the funds to expand its inventory and product line, expand its sales channels and customer support infrastructure, and develop more flexible pricing structures to better manage rural clients in Nigeria’s states, particularly the Niger Delta.
Source: techgistafrica
