Salpha Energy, a female-founded Nigerian clean energy startup has secured $1.3 million in funding from All On, a Shell-backed impact investment firm, to scale its operations and expand its product offerings.
The funding will help Salpha Energy advance its mission of delivering dependable and affordable solar power to underserved communities across Africa.
Notably, Salpha Energy is the only female-founded company in sub-Saharan Africa operating a solar home system assembly facility.
The $1.3 million investment will scale Salpha Energy’s operations, expand its product offerings, and strengthen its local assembly infrastructure.
The company’s solar power solutions in Africa, ranging from 150Wp to 100kWp systems with battery storage and smart inverters, have already reached more than 2 million people, helping to make clean energy more accessible and affordable.
“This capital raise is a huge step forward in our vision to power homes and businesses with products designed, assembled, and optimized right here on the continent,” said founder and CEO Sandra Chukwudozie in a statement to POCIT.
Around 600 million Africans don’t have reliable access to electricity, accounting for over 80% of the global electricity access gap, according to the United Nations Sustainable Development Group.
Speaking on the funding, Caroline Eboumbou, CEO of All On said “This funding helps address currency mismatch risks and aligns with our mission to bridge the access-to-energy gap in Nigeria by supporting indigenous companies innovating for impact.”
