Deal Street

Salpha Energy Nigeria Secures USD 1 Mn To Scale Operations
Salpha Energy Nigeria Secures USD 1 Mn To Scale Operations

Salpha Energy Nigeria has received a USD 1 Mn investment from All On, a Shell-backed impact investment firm, to help scale the company’s solar home systems distribution business. The investment will go into increasing Salpha’s inventory and product range, expanding sales channels and customer service infrastructure, and testing more flexible pricing models to sustainably manage rural customers in states across Nigeria including in Niger Delta.

Salpha Energy provides clean, affordable solar home energy systems that prioritize reaching end-users at the bottom of the pyramid. This includes customers in rural and remote areas, peri-urban areas, including the Niger Delta. The deal comes on top of a USD 50 K investment Salpha received as one of the winners of the USADF/All On Off-Grid Energy Challenge in 2020.