Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Mitsubishi invests in BBOXX, the UK startup that wants to bring solar power to developing countries: 7 things you need to know

Editorial team by Editorial team
August 30, 2019
in Startups, (Crowd)funding, Energy, News
0
Mitsubishi invests in BBOXX, the UK startup that wants to bring solar power to developing countries: 7 things you need to know
35
SHARES
LinkedInTwitterWhatsAppFacebook

Renewable energy is finding a stronger foothold, thanks to the discourse over global warming. Among the numerous renewable energy sources, solar is widely and readily available, since the sun shines for a large part of the year. As a result, lots of countries and startups are pursuing solar energy with serious intent.

Secured €45 million from Mitsubishi Corporation

One such startup is the London-based BBOXX that designs, manufactures, and distributes plug and play solar systems. Recently, the company has closed a $50 million (approx €45 million) Series D funding round led by Mitsubishi Corporation, a globally integrated business enterprise headquartered in Japan, which led the round.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Other investors include ENGIE Rassembleurs d’Energies, Bamboo Capital Partners, DOEN Participaties, and MacKinnon, Bennett & Company.

On the right path!

This investment is followed by a series of deals and strategic partnerships, including the $31 million (approx €28 million) investment from Africa Infrastructure Investment Managers in January. Last year EDF, the world’s leading electricity company, became a joint shareholder in BBOXX Togo with a 50% stake.

Mansoor Hamayun, CEO and Co-founder, BBOXX, said:

Our Series D round is made up of investors spanning three continents and is a testament to how the global community is embracing sustainability. BBOXX provides the technology and the scalability that makes us a tool for development and brings us closer to meeting the United Nation’s Sustainable Development Goals (SDGs).

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.

Operates in 12 countries in Africa!

This funding will further enable BBOXX’s international expansion and fuel its mission to use technology to unlock potential and transform millions of lives worldwide. Also, it will help drive the company’s growth across Africa, where it currently operates in 12 countries, as well as in Asia.

Plug and play solar systems

Founded by Christopher Baker-Brian and Laurent Van Houcke in 2010, BBOXX designs, manufactures, and distributes plug and play solar systems to enhance access to energy throughout Africa.

With this plug and play systems, consumers will have the ability to have a western energy experience off-the-grid and in rural areas. The company focuses on providing access to the fundamental need for access to electricity combined with superior customer service.

Positively impacted 1 million people!

To date, BBOXX has positively impacted nearly one million people through access to pay-as-you-go (PAYG) solar energy using mobile money. The company has installed 200,000 solar home systems (SHS) which are remotely monitored via BBOXX Pulse.

Uses IoT and data! 

Furthermore, this digital platform harnesses the Internet of Things technology and data to provide utilities at a large scale. Additionally, the London-based startup has replicated this model to provide clean cooking solutions using LPG with ambitions to deliver other services and products in new markets as well.

Owns and operates about 6,100 MW

It’s worth mentioning that, the Mitsubishi Corporation’s Power Solution Group currently owns and operates about 6,100 MW of net generation capacity globally as of 30th June 2019 including wind, solar and other types of renewable energy.

Stay tuned to Silicon Canals for more European technology news.

Nuclear power for your b2b-startup: 5 reasons why you should join the Comet Competition

 

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: energyfundinglondon
Share2Tweet6SendShare20

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

The Humblebrag launches online course to help emerging leaders amplify their visibility and voice

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Blue Tulip Awards is driven by purpose: why innovation and equality go hand in hand

Breaking news from Amsterdam | Partner

Amsterdam-based Founda Health raises €12.3M to build infrastructure for global healthcare sector; here’s how

Combining financial with human capital in Amsterdam: Volta, LevelUp and Tech Rise on their approach

Here’s why Just Eat Takeaway is expanding its offices in Amsterdam

Amsterdam-based Veylinx uses Nobel Prize-winning approach to solve the problem of unreliable survey data; raises €1.6M

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info