Tanzania-based Off Grid Electric Raises US$18m from Helios and responsAbility (Sub-Saharan Africa)
Source: Infrastructure Investor | Author(s): Jordan Stutts
Tanzania-based solar electricity provider Off Grid Electric has raised a total of US$18 million from Africa-focused private investment firm Helios Investment Partners and impact investment firm responsAbility Investments. Helios committed US$10 million and responsAbility provided US$8 million in debt financing. The firms’ investments will be used to support the rollout of Off Grid’s distributed solar home and batteries product.