ENERGY ACCESS VENTURES SAS
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Our customer is Energy Access Ventures SAS (EAV), the advisor to Energy Access Ventures Fund. Energy Access Ventures Fund (“EAVF I” or “the Fund”) is an investment fund focused on providing (off grid) energy access and its benefits to the un(der)served in Sub-Saharan Africa. Energy Access Ventures (EAV) is in the process of planning for a larger successor fund that will focus on spreading access to digitally enabled essential services across Africa.
What is our funding objective?
As part of EAV’s ambition to raise a fund focused on connectivity, EAV aims to activate the digital connectivity ecosystem in Africa and thereby encourage greater private sector engagement. FMO funding will be used to contribute to the first phase to achieve this objective which entails a) 4-in depth reports on connectivity topics to bring knowledge to the African connectivity ecosystem b) roundtable/webinars and other marketing mediums for key stakeholders in the connectivity space to drive collaboration in the ecosystem c) advisory support for one of its portfolio companies active in the connectivity space to help EAV Fund I scale-up for connectivity.
Why do we fund this investment?
FMO supports this project because it aligns strongly with FMO and MASSIF’s strategy to support connectivity in un(der)served regions and thereby allocate significant capacity towards tech-based solutions that hold the promise of lowering production and delivery costs for goods and services targeting the base of the pyramid.
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/9/2021
- Total FMO financing
- EUR 0.15 MLN
- Funding
- MASSIF