Bboxx Ltd.
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Bboxx Ltd. - overview
Established
2010
Location
London, -, UK
Primary Industry
Renewable Energy
About
Bboxx Ltd. , based in the UK, provides innovative clean energy solutions and technology to improve access to essential services across Africa, focusing on sustainability and economic development. Founded in 2010, Bboxx Ltd. operates as a provider of clean energy solutions, leveraging technology to serve underserved communities.
The company has received funding through multiple rounds, including its most recent VENTURE DEBT round of USD 15. 00 mn from SBM Bank (Kenya) Ltd. in November 2022. The firm has completed a total of 15 deals, raising a total of USD 3.
58 mn since its inception. Bboxx is headquartered in London, UK, and was co-founded by Christopher Baker-Brian and Laurent Van Houcke, with Mansoor Hamayun currently serving as CEO. Bboxx is a data-driven super platform that focuses on providing access to clean energy solutions, clean cooking products, smartphones, e-mobility items, and selected financial services across Africa. Its flagship offering, Bboxx Pulse®, utilizes IoT technology to deliver services in a scalable way, impacting over 3.
6 million individuals. The company offers affordable, pay-as-you-go solutions, primarily targeting households, small businesses, and communities in countries such as Rwanda, Kenya, Togo, and Ghana. In 2022, Bboxx generated a revenue of USD 31. 88 mn, with an EBITDA of USD -14.
04 mn. The company operates a revenue model based on direct-to-consumer sales of solar home systems and clean cooking kits, utilizing flexible payment options to ease the financial burden on its customers. Bboxx also engages in partnerships with local governments and organizations to further support its service delivery. Following its most recent funding round in November 2022, where Bboxx Ltd.
raised USD 11 mn in venture debt from Cygnum Capital, the company plans to utilize these funds to expand its operations in Togo and enhance its product offerings. Bboxx is focusing on introducing new technologies and services aimed at improving accessibility to clean energy, with specific market expansion strategies being developed for the coming years.
Current Investors
Engie, Bamboo Capital Partners, Khosla Impact
Primary Industry
Renewable Energy
Sub Industries
Power Generation Equipment & Services, Solar Power, Energy Storage & Batteries
Website
www.bboxx.com/
Verticals
IoT (Internet of Things), IoT (Internet of Things), Manufacturing
Company Stage
Series D
Total Amount Raised
Subscriber access only
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