1. business and industrial

Company Profiles
Global Off-Grid Lighting Association (GOGLA)
The Global Off-Grid Lighting Association (GOGLA) is a neutral, independent, not-for-profit
association created to promote lighting solutions that benefit society and businesses in developing
and emerging markets. GOGLA acts as the industry advocate and supports the industry in growing
and strengthening the market for clean, quality off-grid lighting and electrical systems. Its main
objective is to support industry in scaling the sector based on principles of the triple bottom
line, thus contributing to the objectives of Sustainable Energy for All (SE4All) and the Millennium
Development Goals (MDGs).
Formed in 2012 as public-private initiative, GOGLA was conceived out of a joint World Bank/IFC
Lighting Africa and private sector effort to accelerate market development for energy access.
GOGLA’s unique position as an advocate for off-grid lighting outside the philanthropic area
enables it to complement the work of partners and to continue where the World Bank / IFC
Lighting Global program stops.
The association welcomes the participation of all stakeholders within the off-grid lighting sector.
2
Industry Profiles
Company Profiles - Industry
Azuri Technologies
Legal status:
Limited company
Contact person and email:
Emily Ord [[email protected]]
Website:
Country of incorporation:
Business start date:
www.azuri-technologies.com
Core business areas
(including types of
products):
Azuri Technologies Ltd. is a commercial provider of PayGo
solar home systems to rural off-grid communities across
sub Saharan Africa.
Geographic scope of
activities:
enya, Uganda, Ethiopia, South Sudan, Malawi, South Africa,
Zimbabwe, Togo, Ghana, Tanzania, Rwanda and Sierra
Leone
Number of employees:
Estimated turnover:
England
2012
25
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
Company Profiles - Industry
Barefoot Power
Legal status:
Limited company
Contact person and email:
Rick Hooper, CEO [[email protected]]
Website:
Country of incorporation:
Business start date:
www.barefootpower.com
Australia
2005
Core business areas
(including types of
products):
Off-grid energy company, leading in solar home system and
accessory design & distribution.
Specialized in large scale electrification projects based on
pico PV, providing end-to-end solutions including financing,
installation, maintenance and lifecycle management
Geographic scope of
activities:
East and West Africa, India, Latin America
Number of employees:
Estimated turnover:
90
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
5
Company Profiles - Industry
BBOXX
Legal status:
Limited company of England and Wales
Contact person and email:
Mansoor Hamayun [[email protected]]
Assistant: Natasha Cooper [[email protected]].
Website:
Country of incorporation:
Business start date:
www.bboxx.co.uk
England
2010
Core business areas
(including types of
products):
BBOXX is leading The Solar Revolution by offering an ongrid experience in an off-grid world powered through a
unique financing model to sell solar home systems to the
mass market on a monthly payment plan. BBOXX leads and
manages all aspects of its business operations – engineered
in London, manufactured in its factory in China, followed by
distribution to partners in 35 countries and 30 local shops
in Kenya, Rwanda and Uganda.
Geographic scope of
activities:
Kenya, Rwanda and Uganda, with partners working in Sierra
Leone, DRC, Tanzania, Pakistan, South Sudan, Malawi,
Senegal, Burkina Faso and Ivory Coast.
Number of employees:
Estimated turnover:
130
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
6
Company Profiles - Industry
BRIGHT Products
Legal status:
Limited Company
Contact person and email:
Ingun Berget, CEO [[email protected]]
Website:
Country of incorporation:
www.bright-products.com
Norway
Business start date:
November 11. 2011 - Commercial launch May 2014
Product development and sale of multi-functional solar
Core business areas
(including types of
products):
lamps, phone chargers and solar powered accessories.
Primary market - Off Grid consumers/users through
commercial distributors and UN/Aid & Relief organizations
Secondary market: Consumer market in Scandinavia, EU
and US/CA through outdoor/camping/boating retailers
Geographic scope of
activities:
Global. Currently sold in East Africa, Angola, EU and US.
Long term agreement with the UN. 210.000 units sold
Number of employees:
6
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
Estimated turnover:
7
Company Profiles - Industry
Centre for Research in Energy and Energy
Conservation
Legal status:
Company Limited by Guarantee without share capital
Contact person and email:
Moses Kakooza [[email protected]]
Website:
Country of incorporation:
www.creec.or.ug
Uganda
Business start date:
December 3, 2010 = registration, but operating since 2001
Core business areas
(including types of
products):
Applied research, training and consultancy in rural
electrification, energy for productive use, household
energy, energy entrepreneurship and energy efficiency.
In addition CREEC operates two testing labs: one for cook
stoves and one for solar PV equipment and system
Geographic scope of
activities:
East Africa
Number of employees:
Estimated turnover:
10
☒ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
8
Company Profiles - Industry
Fenix International
Legal status:
Incorporated
Contact person and email:
Mike Lin [[email protected]]
Website:
Country of incorporation:
Fenixintl.com
USA, Uganda, Kenya, Tanzania
Business start date:
2009
Core business areas
(including types of
products):
Fenix designs, manufactures, and distributes mobile
payment enabled lease-to-own solar solutions for off-grid
households and businesses. Fenix ReadyPay Solar kits vary
in size and are uniquely upgradable to add solar panels,
phone chargers, LED lighting, radios and LCD TVs.
Geographic scope of
activities:
East Africa
Number of employees:
Estimated turnover:
~80
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
9
Company Profiles - Industry
Nadji.Bi
Legal status:
Limited Company
Contact person and email:
Julien Potron [[email protected]]
Website:
Country of incorporation:
www.nadjibi.com
Senegal
Business start date:
2011
Core business areas
(including types of
products):
We are designing, manufacturing and selling solar devices
in West Africa (Senegal). We have 3 type of products: Solar
Lamps, Solar Home System (6W) and Solar Streetlights.
Geographic scope of
activities:
We have companies in Burkina Faso, Cameroon, Senegal
and France. We are selling mainly in French speaking
countries and in Ghana and Nigeria.
Number of employees:
Estimated turnover:
35
☒ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
10
Company Profiles - Industry
Nokero
Legal status:
Private sector. Limited Company
Contact person and email:
Matt Clark, General Manager [[email protected]]
Website:
Country of incorporation:
Business start date:
www.nokero.com
Hong Kong
2010
Core business areas
(including types of
products):
Nokero Solar is a for-profit company with a mission to
provide affordable solar technology solutions for poor, offgrid communities around the world. Since 2010, we have
sold over 1,000,000 solar lightbulbs in over 120 countries
worldwide.
Geographic scope of
activities:
Global, with emphasis on Africa, Southeast Asia and Latin
America.
Number of employees:
15+
Estimated turnover:
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
11
Company Profiles - Industry
Nova Lumos
Legal status:
Limited liability company
Contact person and email:
Daniel Ben Yehuda [[email protected]]
Website:
www.nova-lumos.com
Country of incorporation:
Netherlands
Business start date:
2012
Core business areas
(including types of
products):
Pay per use solar power systems.
Geographic scope of
activities:
West Africa
Number of employees:
50-100
Estimated turnover:
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
12
Company Profiles - Industry
Omnivoltaic
Legal status:
Incorporated in Hong Kong SAR
Contact person and email:
Xiaojun Kang [[email protected]]
Website:
Country of incorporation:
Business start date:
www.omnivoltaic.com
Hong Kong SAR
May, 2013
Core business areas
(including types of
products):
Development and marketing of solar powered off-grid
products and solutions, with a focus on product innovation
and quality. Currently selling off grid lighting, home
systems, and independent hybrid power stations.
Geographic scope of
activities:
Africa, SE Asia, Oceania, Latin America
Number of employees:
Estimated turnover:
20
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
13
Company Profiles - Industry
One Degree Solar
Legal status:
Corporation
Contact person and email:
Gaurav Manchanda [[email protected]]
Website:
www.onedegreesolar.com
Country of incorporation:
USA
Business start date:
2012
Core business areas
(including types of
products):
1) Design and manufacture variety of solar products (micro-SHS,
portable lamps, and accessories)
2) Develop & provide distributors access to software tools for
management of customers, inventory & financials (ERP/CRM,
SMS service platform, PAYG)
3) Provide advisory services to national distributors
Geographic scope of
activities:
East Africa, Pacific Islands
Number of employees:
6
Estimated turnover:
☐ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
14
Company Profiles - Industry
OSRAM
Legal status:
Publicly listed company
Contact person and email:
Christina Schmöe [[email protected]]
Website:
Country of incorporation:
Business start date:
www.osram.com/offgrid
Germany
1906
Core business areas
(including types of
products):
OSRAM is one of the two leading light manufacturers
in the world. The company's portfolio covers the entire
value chain from components – including lamps,
electronic control gear and opto semiconductors such as
light-emitting diodes (LED) – as well as luminaires, light
management systems and lighting solutions.
Geographic scope of
activities:
Global
Number of employees:
Estimated turnover:
> 34,000
☐ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☒ Above $15 million
15
Company Profiles - Industry
Product Health
Legal status:
Limited company registered in the UK
Contact person and email:
Tamara Giltsoff, VP Business Development
[[email protected]]
Website:
www.producthealth.com
Country of incorporation:
UK
Business start date:
July 2013 (although R&D since 2012)
Remote monitoring and data analytics on Solar Home Systems and
batteries.
Core business areas
(including types of
products):
Product Health sells intelligence on products as a software service to
manufacturers and distributors of those products, such as Solar Home
Systems and batteries. Product Health Service connects remotely
to a product, analyses data from it and then triggers status alerts.
Customers can know how the product is being used, if the product is
healthy or if it is getting into trouble. They can act on this intelligence
and control the product remotely.
Geographic scope of
activities:
global but currently monitoring units in East and West Africa with
customers distributing there.
Number of employees:
8 fulltime, 2 part time.
Estimated turnover:
☒ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
16
Company Profiles - Industry
Philips
Legal status:
Publicly listed company
Contact person and email:
Harry Verhaar [[email protected]]
Website:
Country of incorporation:
Business start date:
www.philips.com
Netherlands
1891
Core business areas
(including types of
products):
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified
health and well-being company, focused on improving
people’s lives through meaningful innovation in the
areas of Healthcare, Consumer Lifestyle and Lighting.
Headquartered in the Netherlands, Philips posted 2013
sales of EUR 23.3 billion and employs approximately
112,000 employees with sales and services in more than
100 countries. The company is a leader in cardiac care,
acute care and home healthcare, energy efficient lighting
solutions and new lighting applications, as well as male
shaving and grooming and oral healthcare.
Geographic scope:
Global
Number of employees:
> 34,000
☐ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☒ Above $15 million
Estimated turnover:
17
Company Profiles - Industry
Solarkiosk
Legal status:
German Holding Company, Corporation
Contact person and email:
Andreas Spiess, CEO [[email protected]]
Website:
www.solarkiosk.eu
Country of incorporation:
Business start date:
Germany, Ethiopia, Kenya, Rwanda, Tanzania, Ghana
2012
Core business areas
(including types of
products):
SOLARKIOSK technology design, the E-HUBB, is an
energy service provider, a community distribution hub,
and becomes the market center of a BoP community.
SOLARKIOSK’s profit centers are based on three revenue
streams: products (solar, FMCGs), services (charging,
cooling, etc.), and productive use (salon, cyber café, etc.).
Geographic scope of
activities:
Worldwide; Specialized: Sub-Saharan Africa, Asia
Number of employees:
Estimated turnover:
Approx. 60
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
18
Company Profiles - Industry
Solarway
Legal status:
Private Limited Company
Contact person and email:
Shantanu Dutta, Marketing Manager
[[email protected]]
Website:
Country of incorporation:
Business start date:
www.solarway.com
United Arab Emirates
Nov 2012
Core business areas
(including types of
products):
Solar Powered Lights and Phone Charging Products for
domestic and personal usage.
Geographic scope of
activities:
Africa and Middle East
Number of employees:
Estimated turnover:
30
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
19
Company Profiles - Industry
Sinoware
Legal status:
Private Limited Company
Contact person and email:
Tommy Huang [[email protected]]
Website:
www.sinoware.com.cn
Country of incorporation:
China
Business start date:
2008
Core business areas
(including types of
products):
Africa, Middle east, Asia, (products: Solar lamp, solar
lantern, solar lighting system)
Geographic scope of
activities:
Africa, Indonesia, Middle East, India
Number of employees:
100
Estimated turnover:
☐ Below $1 million
☐ $1 million - $5 million
☒ $5 million - $15 million
☐ Above $15 million
20
Company Profiles - Industry
Solar Works!
Legal status:
Limited Company
Contact person and email:
Arnoud de Vroomen [[email protected]]
Website:
Country of incorporation:
Business start date:
www.solar-works.nl / www.solar-works.co.za
The Netherlands
December 2008
Core business areas
(including types of
products):
Geographic scope of
activities:
Number of employees:
Estimated turnover:
Solar Lighting, charging and Direct Current power provision
for areas where there is no or limited access to electricity.
We stand out in:
- Making sure products don’t work only on solar
- Products for “slum environments”
- Low cost housing
- Product development in Delft, The Netherlands
- Marketing and sales in Southern Africa (about 10
countries)
8
☒ Below $1 million
☐ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
21
Company Profiles - Industry
SunnyMoney
Legal status:
Contact person and email:
Website:
Country of incorporation:
Business start date:
SunnyMoney Global Ltd No. 07788918.
Ruth Dobson, Chief Financial Officer
[[email protected]]
www.sunnymoney.org
UK
SunnyMoney was formed in 2008 and is wholly owned by
the UK charity SolarAid
Core business areas
(including types of
products):
SunnyMoney specialises in entry level and multi-function
(including phone charging) pico-solar light distribution and
sales. SunnyMoney is product neutral and all lights are
Lighting Africa approved. Manufacturers include d.light,
GreenLight Planet, Marathoner and Barefoot Power.
Geographic scope of
activities:
SunnyMoney operates in Kenya, Tanzania, Zambia, Malawi
and Uganda. It will start trading in Rwanda in 2015
Number of employees:
86
Estimated turnover:
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
22
Company Profiles - Industry
Village Power
Legal status:
AG (Ltd)
Contact person and email:
Thomas Huth
[[email protected]]
Website:
Country of incorporation:
Business start date:
www.village-power.ch
Switzerland
End of 2013
Core business areas
(including types of
products):
Solar Solutions for Rural Electrification
(Solar powered Lanterns, Solar Home Systems, Off-Grid
Packages, Mini-Grids, Solar Street & Security Lights, Solar
powered Water Pumps).
Geographic scope of
activities:
Sub-Saharan Africa
(Currently Uganda, Zambia, Mozambique, Tanzania
Number of employees:
20
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
Estimated turnover:
23
Company Profiles - Industry
WakaWaka
Legal status:
B.V. (Limited Company)
Contact person and email:
Maurits Groen [[email protected]]
Website:
Country of incorporation:
Business start date:
www.waka-waka.com
the Netherlands
2011
Core business areas
(including types of
products):
Developing, manufacturing, and distributing solar devices
for off-grid areas, light and chargers.
Geographic scope of
activities:
Europe, USA, Haiti, Liberia, Sierra Leone, the Gambia,
Rwanda, Kenya, Mali, South Africa, Uganda, Syria, Iraq,
Indonesia, the Philippines, and many other countries.
Number of employees:
Estimated turnover:
18
☐ Below $1 million
☒ $1 million - $5 million
☐ $5 million - $15 million
☐ Above $15 million
24
Investor Profiles
Company Profiles - Investors
Acumen
Contact person and
email:
Website:
Sean Moore, [[email protected]]
www.acumen.org
Focus sector/s:
Agriculture, Education, Energy, Healthcare, Housing, Water &
Sanitation..
Assets under
management:
Business stage of
portfolio companies:
~$60 million
Venture and early growth
Type of offered
investment:
Equity, convertible debt, debt
Average ticket size
investment:
$250k - $750k for venture stage; $750k - $3.0M for early
growth stage
Current/past
experiences with offgrid energy companies:
Current energy portfolio consists of 10 companies with an
aggregate IUM of ~$10 million. Portfolio contains 5 solar
energy product companies (lanterns, home systems, water
heaters) and 5 mini-grid companies (biomass and hydro).
26
Company Profiles - Investors
Allotrope Partners
Contact person and
email:
Website:
Focus sector/s:
Assets under
management:
Business stage of
portfolio companies:
Type of offered
investment:
Average ticket size
investment:
Alexia C. Kelly [[email protected]]
www.allotropepartners.com
Solar, Wind, Biomass, Oil and Gas, Hydropower, Sustainable
agriculture, Energy efficiency software
Allotrope Solar: Start-Up; Blue Lake Round Stock: Start-Up;
Big Sky Wind Energy: Start-Up; VFlare/VFuels: Start-Up; Natel
Energy: Start Up.
Merchant banking company: provides advisory and capital to
early stage companies and develops and operates low carbon
assets
Varies $25,000- $1 million+
Current/past
experiences with offgrid energy companies:
27
Company Profiles - Investors
Anthos Asset Management
Contact person and
email:
Lori Scott, Impact Investing Consultant, [[email protected]]
Website:
Focus sector/s:
renewable energy, health, education, agroforestry, sustainable
land use, financial inclusion.
Assets under
management:
Business stage of
portfolio companies:
N/A
Type of offered
investment:
Growth or later stage
Range of investment types; initially investing into funds, limited
direct investments
Average ticket size
investment:
EUR 5 million
Current/past
experiences with offgrid energy companies:
Skopos is a new impact investment fund managed by Anthos
that launched in 2014. One of the first commitments made in
late 2014 was to the responsAbility Energy Access Fund.
28
Company Profiles - Investors
Arc Finance
Contact person and
email:
Yara Akkari [[email protected]]
Website:
www.arcfinance.org
Focus sector/s:
Assets under
management:
Business stage of
portfolio companies:
The mission of Arc Finance is to promote and expand access to
financing for energy, water and other basic needs to build the
income and assets of poor people around the world.
Note that we are a non-profit organization, and we receive funding
from USAID among other big donors, to promote renewable energy
In developing countries. We provide grants and technical assistance
to many companies around the world.
Big companies with interest in scaling up, introduce an energy
component to their portfolio (example MFIs, or MTOs or banks)
Type of offered
investment:
Technical assistance and grant
Average ticket size
investment:
$100,000
Current/past
experiences with offgrid energy companies:
We have several projects in different parts of the world – India,
Haiti, Uganda, among others.
29
Company Profiles - Investors
Armstrong Energy
Contact person and
email:
Andrew Newman
[[email protected]]
Website:
www.armstrongenergy.co.uk
Focus sector/s:
Investment firm that manages renewable energy assets for
investors and family offices, particularly large scale solar.
Assets under
management:
£150 million under management for investors
100MWp of solar PV in the UK and India
Business stage of
portfolio companies:
Armstrong Energy Global is a new company to deliver solar and
CHP investments in India, with first solar farm connected.
Type of offered
investment:
Equity and debt.
Average ticket size
investment:
£1 – 10 million
Current/past
experiences with offgrid energy companies:
Armstrong Energy Global Foundation has been created by the
founders of Armstrong Energy to improve access to energy for
off-grid communities in rural India. The first two micro-grid
projects funded are under construction in Karnataka.
30
Company Profiles - Investors
BIX Fund
Contact person and
email:
Jeroen Blüm [[email protected]] and Claudia Doets
[[email protected]]
Website:
www.bixfund.com
Focus sector/s:
Impact fund that invests in household appliances for the
World's least affluent people.
Assets under
management:
Anticipated AuM of 100m USD with first close at 30m USD
Business stage of
portfolio companies:
Ready to be brought to scale
Type of offered
investment:
Impact based pre-finance
Average ticket size
investment:
1m USD per deal, preferably multiple deals per investee
Current/past
experiences with offgrid energy companies:
BIX Fund is built on a pilot portfolio of 5m USD invested in prefinancing cookstoves of Envirofit throughout Africa and India.
The pipeline of BIX Fund includes a variety of off-grid energy
companies.
31
Company Profiles - Investors
Blue Haven Initiative
Contact person and
email:
Lauren Cochran [[email protected]]
Website:
www.bluehaveninitiative.com
Focus sector/s:
Renewable Energy, Financial Inclusion, focus on Sub Saharan
Africa with opportunistic investments made in other regions.
Assets under
management:
N/A
Business stage of
portfolio companies:
Seed, Series A-C
Type of offered
investment:
Equity, Debt
Average ticket size
investment:
$500,000 - $5 million
Current/past
experiences with offgrid energy companies:
Significant number of investments in portfolio in the US, in the
process of closing first off-grid investment in Nairobi.
32
Company Profiles - Investors
Consultative Group to Assist
the Poor
Contact person and
email:
Camilo Tellez [[email protected]]
Website:
www.cgap.org
Focus sector/s:
Assets under
management:
PAYG Energy, Digital Finance, Water
N/A
Business stage of
portfolio companies:
Type of offered
investment:
Average ticket size
investment:
Current/past
experiences with offgrid energy companies:
Grant
50-100
Current projects with 3 PAYG energy start-ups in East Africa.
33
Company Profiles - Investors
CrossBoundary Energy
Contact person and
email:
Matt Tilleard [[email protected]]
Website:
www.crossboundaryenergy.com
Focus sector/s:
Solar installations that serve Commercial and Industrial
customers in Africa through PPA or similar agreement
Assets under
management:
Available upon request
Business stage of
portfolio companies:
CrossBoundary Energy provides developers with fully
integrated financial solutions for C&I projects in Africa
Type of offered
investment:
Average ticket size
investment:
Integrated equity and debt to finance, own, and operate solar
assets under PPAs and lease-to-own agreements with clients
Current/past
experiences with offgrid energy companies:
US$500,000 to US$10m (renewable energy installations of
approximately 250 kW to 5 MW)
Through our financing platform, Solar4Africa CrossBoundary
Energy has commenced operation and is actively financing
construction of our first projects in Kenya. We intend to expand
to two further countries in the next 12 months.
34
Company Profiles - Investors
DEG Deutsche Investitions- und
Entwicklungsgesellschaft mbH
Contact person and
email:
Mr. Rolf Grunwald,
[Rolf.Grunwald@deginvest]
Website:
www.deginvest.de
Focus sector/s:
Agribusiness, Financial Institution and all industry sector
including energy companies
Assets under
management:
Approximately, 6 billion EUR
Business stage of
portfolio companies:
Portolio companies are in all stages: development, construction
and operational
Type of offered
investment:
Equity, mezzanine loans and senior loans
Average ticket size
investment:
Between EUR 10 mn to 30 mn, in special cases smaller
Current/past
experiences with offgrid energy companies:
So far only concessional support like EUR 500.000 up-scaling
35
Company Profiles - Investors
Deutsche Bank Global Social Finance
Contact person and
email:
Website:
Focus sector/s:
Assets under
management:
Amy Wang [[email protected]]
www.db.com/usa/content/en/1086.html
Deutsche Bank Global Social Finance manages a series of debt
funds focused on funding emerging market solutions within the
affordable energy, healthcare and financial services industries
Approximately USD 228 million in committed capital
Business stage of
portfolio companies:
Seed, Growth, Mature
Type of offered
investment:
Debt
Average ticket size
investment:
USD 1 – 5 million
Current/past
experiences with offgrid energy companies:
Current energy portfolio consists of four companies with an
aggregate committed capital of $6 million. Portfolio includes
three small scale solar product companies and one cookstoves
company.
36
Company Profiles - Investors
DOB Equity
Contact person and
email:
Toine Huijbers [[email protected]]
Website:
www.dobequity.nl
Focus sector/s:
Agribusiness and food, Natural resources, Retail & distribution,
Waste, Mobile technology enabled services, Clean energy.
Assets under
management:
€ 15,000,000
Business stage of
portfolio companies:
Early Stage, Growth Stage
Type of offered
investment:
Equity, Mezzanine Equity and debt
Average ticket size
investment:
€ 1,500,000
Current/past
experiences with offgrid energy companies:
Barefoot Power, M-KOPA
37
Company Profiles - Investors
DOEN Foundation
Contact person and
email:
Daphne Pit [[email protected]]
Website:
www.doen.nl
Focus sector/s:
DOEN Themes: Green & Inclusive Economy and Culture &
Cohesion
Assets under
management:
Approx. EUR 100 mln in equity portfolio
Business stage of
portfolio companies:
Early stage
Type of offered
investment:
Grants / Debt / Convertible debt / Direct Equity / Fund in Fund
Investments
Average ticket size
investment:
Current/past
experiences with offgrid energy companies:
EUR 50k – EUR 5 mln
Amongst others: Simpa Networks, Selco, Emergence Bio Energy,
Devergy, FRES, Frontier Markets, SunFunder.
38
Company Profiles - Investors
Elea Foundation
Contact person and
email:
Stefan Kappeler [[email protected]]
Website:
www.elea-foundation.org
Focus sector/s:
elea Foundation is a professional and active philanthropic
impact investor that fights absolute poverty with
entrepreneurial means, capitalizing on the benefits and
opportunities of globalization and creating measureable, lasting
impact.
Assets under
management:
Business stage of
portfolio companies:
Type of offered
investment:
Average ticket size
investment:
Current/past
experiences with offgrid energy companies:
Undisclosed
Early and growth stage
Equity and loans
USD 100k - USD 400k
Yes
39
Company Profiles - Investors
Global Partnerships
Contact person and
email:
Peter Bladin [[email protected]]
Daniel Stokley [[email protected]]
Website:
www.globalpartnerships.org
Focus sector/s:
Microfinance, health, agriculture, green technology, education
Assets under
management:
$56 million (as of 12/31/2014)
Business stage of
portfolio companies:
Growth stage
Type of offered
investment:
Debt
Average ticket size
investment:
Current/past
experiences with offgrid energy companies:
$1 million ($250K - $3 million)
Partners in Latin America include MFIs, off-grid solar
distributors, and PAYG models. Currently invested in global
manufacturer Greenlight Planet, and building pipeline in East
Africa
40
Company Profiles - Inestors
Invested Development
Contact person and
email:
Alex Bashian [[email protected]]
Website:
www.investeddevelopment.com
Focus sector/s:
Early-stage financing for tech companies in the renewable
energy, agriculture, and mobile/ICT sectors.
Assets under
management:
Business stage of
portfolio companies:
Seed - Series A
Type of offered
investment:
Mainly equity
Average ticket size
investment:
$350K
Current/past
experiences with offgrid energy companies:
Equity investments in Solar Now (Uganda), Simpa Networks
(India), EGG Energy (Tanzania), Promethean Power
41
Company Profiles - Inestors
LGT Venture Philanthropy
Contact person and
email:
Natija Dolic [[email protected]]
Website:
www.lgtvp.com
Focus sector/s:
Agriculture & Forestry, Education, Health & Sanitation, ICT,
Renewable Energy
Assets under
management:
USD 113.1m capital committed as of January 2015
Business stage of
portfolio companies:
Growth Stage
Type of offered
investment:
Equity, Convertible-debt, Debt, Grants
Average ticket size
investment:
USD 1.5m
Current/past
experiences with offgrid energy companies:
We currently have 3 active investments in off-grid energy
companies. Our first investment in this sector was in 2009, and
we have 1 partial
exit as of today
42
Company Profiles - Investors
Oikocredit
Contact person and
email:
David ten Kroode
Website:
www.oikocredit.coop
Focus sector/s:
Microfinance, Agriculture, Renewable Energy
Assets under
management:
€831 million
Business stage of
portfolio companies:
Type of offered
investment:
debt and equity
Average ticket size
investment:
€5 million
Current/past
experiences with offgrid energy companies:
equity investment in Barefoot Power
43
Company Profiles - Investors
Persistent Energy Capital
Contact person and
email:
Dirk Muench [[email protected]]
Website:
www.persistentnrg.com
Focus sector/s:
Distributed energy in sub-Saharan Africa, energy access, offgrid energy services.
Assets under
management:
$4m
Business stage of
portfolio companies:
Early stage
Type of offered
investment:
Equity and debt
Average ticket size
investment:
n/a
Current/past
experiences with offgrid energy companies:
Invested in Off.grid:electric, FENIX International, Devergy;
incubated PEG Ghana; managed over 45 investments in the offgrid sector; published research on sector.
44
Company Profiles - Investors
PanAfrican Investment Co.
Contact person and
email:
Jon Saunders - [email protected]
Website:
www.picinvest.com
Focus sector/s:
Renewable energy / agriculture / manufacturing / technology /
education / healthcare
Assets under
management:
$35mm
Business stage of
portfolio companies:
flexible
Type of offered
investment:
Equity / quasi equity
Average ticket size
investment:
$1mm - $3mm
Current/past
experiences with offgrid energy companies:
45
Company Profiles - Investors
Quadia SA
Contact person and
email:
Kostis Tselenis [[email protected]]
Website:
www.quadia.ch
Focus sector/s:
All sectors, impact related, sustainability and social impact
footprint a necessity.
Quadia is a regulated investment manager specialized in
social and environmental finance. With more than CHF 70
million invested in over 20 companies, Quadia is a leading and
pioneering impact investor.
Assets under
management:
Not disclosed. Over CHF 70m in investments in the last 4 years.
Business stage of
portfolio companies:
Proof of concept / product / market
Type of offered
investment:
Equity, debt
Average ticket size
investment:
Flexible
Current/past
experiences with offgrid energy companies:
Yes.
46
Company Profiles - Investors
ResponsAbility Investments AG
Contact person and
email:
Vivian Kotun [[email protected]]
Website:
www.responsability.com
Focus sector/s:
Finance, agriculture, energy, health and education
Assets under
management:
USD 2.4 billion as of October 2014
Business stage of
portfolio companies:
Across several stages, from early growth stage to mature
businesses
Type of offered
investment:
Debt and equity
Average ticket size
investment:
Typical range of $500,000 to $10 M, across sectors
Current/past
experiences with offgrid energy companies:
In selected investments. Aim is to launch a debt fund targeting
energy access companies in Q1 2015.
47
Company Profiles - Investors
Sovec Africa SME Fund
Contact person and
email:
Paul van Aalst [[email protected]]
Website:
www.sovec.nl
Focus sector/s:
Clean energy, health, education, housing.
Assets under
management:
Business stage of
portfolio companies:
Growth capital for start-up and expansion.
Type of offered
investment:
Debt and equity.
Average ticket size
investment:
USD 500k – 1.5 million.
Current/past
experiences with offgrid energy companies:
Solar PV, solar heating, small hydropower, biogas, biomass,
cookstoves, LPG, windenergy.
48
Company Profiles - Investors
USAID: DiV
Contact person and
email:
Website:
Focus sector/s:
[email protected]
www.usaid.gov/div
Open to all sectors, for example: energy, health, education,
financial inclusion, agriculture, democracy, water & sanitation
Assets under
management:
Disburse between $20M-$30M annually
Business stage of
portfolio companies:
Range from proof of concept through early growth stage
Type of offered
investment:
Average ticket size
investment:
Current/past
experiences with offgrid energy companies:
Grants
stage 1: $150K limit, stage 2: $1.5M limit, stage 3: $15M limit
Over 4 years have funded organizations in the space at proof
of concept and early growth phases, including Off-Grid Electric
Tanzania., Simpa Networks, Mera Gao Power, Gram Power,
Azuri, Angaza, EGG energy, Buen Power Peru, etc.
49
Company Profiles - Investors
Zouk Capital LLP
Contact person and
email:
John Higelin [[email protected]]
Website:
www.zouk.com
Focus sector/s:
Energy and resource efficiency.
Assets under
management:
€600m
Business stage of
portfolio companies:
Growth
Type of offered
investment:
Preferred Equity
Average ticket size
investment:
€10m - €30m
Current/past
experiences with offgrid energy companies:
Invested in one of Africa’s leading off grid solar companies..
50
GOGLA’s Membership Base
Industry Members
Associate Members
Contact:
Global Off-Grid Lighting Association (GOGLA)
Nieuwekade 9
3511 RV Utrecht
The Netherlands
Email: [email protected]
Phone: +31 30-6006-142