New Investments
Beacon Power Services Secures Series A Funding to Expand to Eastern and Southern Africa
Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
This strategic investment will equip BPS with essential resources and partnerships to enhance its footprint in Africa’s energy sector and tackle critical infrastructure challenges in power supply.
In sub-Saharan Africa, where over 600 million people—approximately 43% of the population—are without access to electricity, the need for efficient power solutions is urgent.
BPS has developed two AI-powered digital mapping tools to address such challenges.
BPS currently serves more than 5 million people through partnerships like that with the Electricity Company of Ghana (ECG), which reported a twofold increase in revenue over two years due to BPS’s solutions. In early 2024, ECG also launched a mobile application for streamlined access to electricity services.
Expanding across Nigeria, Ghana, Kenya, and Zambia, BPS draws on a global team and data-centric strategies to serve over 50 million customers, supported by a workforce of more than 200 employees.
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