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Bboxx

Alternative Energy
Smart Homes: Energy & Water Solutions
Segments:
Renewables: NextGen Solar, Wind, Hydro
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Product stage:
Growth
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UK-based Bboxx provides off-grid home solar power systems designed to overcome inadequate access to energy in developing markets. The company has a range of plug-and-play home solar power systems for households and micro-businesses. In January 2024, Bboxx moved its headquarters from London to Kigali, Rwanda in line with its commitment to Africa.

The bPower50 has a 50 W solar panel coupled with a lithium iron phosphate (LiFePO4) battery that is capable of providing up to 100 Wh of electricity daily. The bPower60 has a 20 W solar panel coupled with a LiFePO4 battery that is capable of providing up to 63 Wh of electricity daily. In June 2023, Bboxx launched a new range of solar home system in four modular variations, offering 80 to 240 Wh of battery capacity (bPower80: 80 Wh, bPower120: 120 Wh, bPower160: 160 Wh, bPower240: 240 Wh).

Key customers and partnerships

As of January 2023, Bboxx served nearly 3.6 million people, across 10 African countries and Pakistan.

Bboxx has partnered with EcoEnergy since 2017 to provide bPower50 solar home systems in Pakistan. In September 2022, Bboxx acquired PEG Africa, a company that finances and deploys solar power to households and SMEs, to become the leading super platform for essential products and services in Africa. During the same month, Bboxx partnered with Unilever through its Sunlight brand to accelerate access to clean energy across Kenya. In December 2023, Bboxx partnered with Kuwait-based EnerTech to establish an electrification initiative worth up to USD 100 million that aims to expand Bboxx's impact across 11 markets in Africa.

Financials and funding 

In November 2022, Bboxx secured a loan of EUR 11 million (~USD 11.5 million) from the Off Grid Energy Access Fund which will support the company’s efforts of distributing solar home systems to last-mile customers in Togo. Prior to this, in August 2019, Bboxx raised USD 50 million in a Series D round led by Mitsubishi. The funds were part of Bboxx’s global expansion efforts. 

Alternative Energy

Alternative Energy

Key stats
Featured companies
113
Total funding (USD)
34.8 Bn
Total addressable market (USD)
68.2 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Partnerships
Dec 15, 2023
Bboxx partners with EnerTech on electrification initiative
Alternative Energy
Funding
Nov 30, 2022
Bboxx and EDF secure EUR 11 million loan
Alternative Energy
Partnerships
Sep 21, 2022
Bboxx and Unilever partner to accelerate access to clean energy across Kenya
Alternative Energy
M&A
Sep 6, 2022
Bboxx acquires PEG Africa to become leading super platform
Alternative Energy
Product updates
Mar 15, 2022
Bboxx launches new entry-level off-grid solar brand
Alternative Energy

Company Brief


HQ location:
Chiswick Studios 9B Power Road London GBR
Founded year:
2010
Employees:
1,001-5,000
Total Funding:
USD 215.0 million
Last Funding
USD 11.5 million, Nov 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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