Salpha Energy, a Nigerian solar energy business, has obtained a $1 million investment for solar home system distribution
All On, a Shell-backed impact investing organization, has invested $1 million in Salpha Energy, a Nigerian producer of clean and affordable solar energy solutions.
The company has an active distribution network of over 350 persons, cooperatives, and dealers around the country, thanks to substantial agreements with payment collection enablers such as InfiBranches, Paga, and Interswitch.
“We are incredibly thrilled by this support from All On,” said Salpha Founder/CEO Sandra Chukwudozie, “which is an indication of their growing faith in our purpose.”
“With this additional assistance, we will be able to carry out our goal of delivering items for consumers with a wide range of evolving energy needs.”
“We are excited about this investment because it is the continuation of a journey that will provide Salpha with inventory needed to supply its expanding network of distributors as well as a platform to cement its competitive advantage and respond to growing market demand for Solar Home Systems,” Goziem Okubor, Senior Investment Associate at All On, said.
“It’s also a chance to help young indigenous female entrepreneurs build an innovative and rapidly expanding solar enterprise.”
All On’s investment would support a highly scalable opportunity by rapidly deploying power assets to Nigerian families and facilitating the creation of a sustainable power service payment culture in the Niger Delta and beyond.
Salpha would use the capital to grow its inventory and product line, expand its sales channels and customer support infrastructure, and build more flexible pricing structures across Nigeria’s states, particularly the Niger Delta.
