All On backs Nigerian energy-as-a-service company
Impact investor All On has made a follow-on investment in ICE Solar.
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Impact investor All On has made a follow-on investment of $250,000 in ICE Solar, a provider of energy-as-a-service solutions for small and medium enterprises (SMEs) in Nigeria.
The new capital will be used to expand ICE Solar’s deployment of intelligent solar and battery systems, enabling thousands of SMEs to transition from petrol generators to clean energy alternatives.
ICE Solar’s energy-as-a-service model provides affordable, pay-as-you-go solar energy tailored to the needs of small businesses. The company’s technology-driven approach ensures efficient energy management, remote monitoring, and flexible payment options – making clean energy more accessible to entrepreneurs across the country.
Caroline Eboumbou, CEO of All On, said, “This follow-on investment in ICE Solar reflects our commitment to supporting indigenous companies that are delivering scalable clean energy solutions to underserved markets. We believe that SMEs are the backbone of Nigeria’s economy, and access to reliable energy is critical to their growth and resilience. ICE Solar’s innovative model contributes meaningfully to job creation, economic inclusion, and the broader energy transition.”
Emmanuel Ekwueme, founder and CEO of ICE Solar, added, “We’re thrilled to welcome All On’s continued partnership and investment in ICE Solar. This support reinforces our shared vision to accelerate clean, reliable energy access across Nigeria. With this new capital, we’re scaling our intelligent solar and battery solutions to help over 2,000 SMEs cut energy costs, displace thousands of petrol generators, and transition toward a low-carbon future. This partnership marks an important milestone not just for ICE Solar’s growth, but for the broader renewable energy ecosystem driving Nigeria’s economic transformation.”
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