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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
South African Satellite Tech Company Simera Sense Secures $14.5 Million Funding For Growth
Simera Sense, a leading provider of optical solutions for Earth observation satellites, has secured €13.5 million (US$14.75 million) in a growth funding round.
Ethiopian health tech YeneHealth raises Pre-Seed funding to bridge the healthcare gap in Africa
YeneHealth’s latest funding round was led by African VC and Jaza Rift Ventures, a leading health-tech-focused venture capital firm.
South African VC Firm Secha Capital Closes $15.8 Million Fund to Invest in Early-Stage Startups
Secha Capital, a South African venture capital firm, has announced that it has raised $15.8 million in new funding.