Nigeria: All On invests in Salpha Energy
The funding will be deployed to scale Salpha’s operations, expand its product portfolio, and strengthen its local solar assembly facility.
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Salpha Energy, a solar energy company serving underserved communities, has secured a ₦2 billion (approximately $1.3 million) investment from All On, an impact investor focused on off-grid energy access in Nigeria.
This strategic investment marks a significant milestone in Salpha’s mission to power off-grid and under-electrified households, businesses, and institutions across the country. The funding will be deployed to scale Salpha’s operations, expand its product portfolio, and strengthen its local solar assembly facility.
Salpha operates a local assembly plant that allows for greater control over design and quality, tailoring solar systems to local energy needs. Its turnkey solutions, ranging from 150Wp to 100kWp and integrated with battery storage and smart inverters, are used in off-grid and weak-grid areas to power lighting, refrigeration, ventilation, and medical equipment in healthcare centres, schools, micro-enterprises, and other essential services.
Caroline Eboumbou, CEO of All On, said: “All On is happy to provide local currency financing to support local industries to solve the long-standing industry currency mismatch risk. But more importantly, this investment aligns directly with our mission to bridge the access-to-energy gap in Nigeria by backing indigenous companies that are innovating for impact. Salpha Energy is not only delivering reliable, affordable, and sustainable solar solutions to communities, but also leading the charge in local manufacturing and female-led clean tech innovation. This is how we create jobs, build resilience, and accelerate progress toward universal energy access.”
Sandra Chukwudozie, founder and CEO of Salpha Energy, stated: “This capital raise is a huge step forward in our vision to power homes and businesses with products designed, assembled, and optimised right here on the continent. It’s not just about access to electricity – it’s about dignity, productivity, and opportunity for the over 600 million people across sub-Saharan Africa who are still off-grid.”
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