Beacon Energy Companies Raises $2.7 Million to Enhance Electrical energy in Africa

Beacon Energy Companies (BPS), whose mission is to develop entry to electrical energy all through Africa, has accomplished a seed spherical of funding for $2.7 million.

Origin Capital Administration, Persistent Vitality, Kepple Africa Ventures, and Issue[e] had been among the many traders who participated within the seed spherical, which Seedstars Africa Ventures led.

Beacon Energy Companies was established in 2014 by Bimbola Adisa to provide the ability trade in Africa with knowledge options and grid administration software program. The aim of building the company was to broaden and enhance the supply of electrical energy throughout the continent.

Beacon Energy Companies will modernize its product by incorporating automation and including new options with the assistance of the brand new finance it has acquired. As well as, the corporate has aspirations to enter extra markets along with those it’s now working in, Ghana and Nigeria.

BPS grants customers entry to real-time operational knowledge, which permits them to conduct power audits, enhance grid effectivity, and develop their companies’ income streams. 

As well as, it offers customers the power to exert full management over their power infrastructure and deal with not simply invoicing but additionally installations and logistics. As well as, the shopper and asset inventories could also be efficiently managed at scale utilizing huge knowledge applied sciences.

The corporate began as a single utility in Nigeria and has since expanded to 4 utilities throughout two nations, together with Ghana. It now serves over 8 million shoppers, together with residential and industrial institutions.

 Beacon Energy Companies’ enterprise mannequin doesn’t solely include promoting objects; as an alternative, it emphasizes creating long-term partnerships with prospects. The corporate claims that it has affected greater than 30 million prospects and enterprises, that it processes over 2 hundred million transaction factors and Datagrid every day, and that it’s making preparations to exceed these numbers in a comparatively brief period of time.

 

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