The Company’s $ 1 Million Investment in Salpha Energy to Boost the Distribution of Solar Home Systems
Shell-funded independent impact investment firm All On has announced a $ 1 million investment in Salpha Energy Nigeria to expand the company’s solar home systems distribution business.
The project is focused on clients located at the bottom of the pyramid in rural and semi-urban areas of Nigeria, including the Niger Delta.
All On said at the signing ceremony in Lagos that the investment will be used to increase Salpha’s inventory and product line, expand sales channels and customer service infrastructure, and test pricing models. more flexible to sustainably manage rural clients in Nigerian states, including Niger. Delta.
âWe are very excited about this support from All On which is an indication of their growing confidence in our vision.
âThis additional support will enable us to execute our strategy of providing products to customers across the spectrum of their developing energy needs,â said Sandra Chukwudizie, Founder and CEO of Salpha Energy.
Senior Investment Partner, All On, Goziem Okubor, said, âWe are delighted with this investment which is a continuation of a journey and would provide the Salpha inventory needed to fuel its expanding distributor network and platform. shape to consolidate its competitive advantage and meet the growing market demand for solar home systems. It is also an opportunity to support young indigenous women entrepreneurs in building an exciting and rapidly growing solar business.