Project detail - IAPEF 2 Mobisol Limited

IAPEF 2 Mobisol Limited

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Who is our client

Mobisol is a leading off-grid pay-as-you-go energy provider, with its headquarters in Germany and operations in Africa. Mobisol sells and finances larger solar home systems to lower income households in East Africa, offering an affordable alternative to fossil fuels, with a view to provide these households with full electrification. Driven by innovation, Mobisol's 'all-in-one' offer combines solar energy with mobile technology and mobile payment to effectively electrify remote or underserved categories of population with high-quality solar solutions.

Funding objective

FMO will be investing up to EUR 9 million along with Investec Africa Private Equity Fund 2, Investec Asset Management's second fund, to provide the company with the necessary capital to strengthen the company's financial sustainability and make it a significant player in the market.

Why we fund this project

The project has a high development impact as Mobisol provides green energy solutions that directly impact the lives of those in the lower income households segment in terms of electrification, environment, empowerment and employment. Apart from catering to residential customers, Mobisol also supplies to Small and Medium size Enterprises (SMEs).

More investments

Date Total FMO financing
9/8/2017 EUR 0.37 MLN
Region
Africa
Country
Africa
Sector
Energy
Signing date
9/8/2017
Total FMO financing
EUR 1.62 MLN
Fund
Access to Energy Fund
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C