ACCRA, Ghana, 07 November 2024 -/African Media Company (AMA)/- Beacon Energy Providers (BPS), an power tech firm offering information and grid administration options to assist Africa’s energy sector distribute electrical energy extra effectively, immediately introduced the closing of a Collection A financing spherical for an undisclosed quantity. The spherical was led by Partech, with participation from Finnfund, Gaia Impact, Proparco, and former buyers Kaleo Ventures and Seedstars Africa Ventures. Further buyers on this spherical embrace Clermount, Global Brain and its CVC associate JGC MIRAI Innovation Fund, and On.Capital. Clermount acted as a monetary advisor to Beacon Energy Providers on this transaction. The funding will allow BPS to reinforce its product choices, help progress in its present operations, and broaden into new markets throughout Japanese and Southern Africa.
Africa’s energy grids face vital challenges, with utilities struggling to offer constant service because of outdated infrastructure and unreliable information. BPS is remodeling how African utilities handle the grid by offering data-driven options particularly designed to satisfy the distinctive wants of the continent’s energy sector. CAIMS (Buyer and Asset Data Administration System) is an AI-enabled digital mapping (GIS) and deal with platform that helps utilities collect and arrange information extra successfully. This enables utilities to make smarter, data-driven selections and ship higher service to hundreds of thousands of consumers. ADORA gives real-time grid monitoring and management, serving to utilities improve operational effectivity and handle their energy distribution extra successfully to scale back outages. BPS merchandise have already led to vital progress in Ghana, the place BPS helped the Electrical energy Firm of Ghana (ECG) totally digitize its operations, delivering dependable energy to greater than 5 million clients,
whereas doubling income in simply two years. With the Collection A funding, BPS plans to proceed enhancing its product choices whereas increasing throughout the continent to handle Africa’s grid challenges extra successfully.
“With an distinctive observe file in remodeling grid administration for utilities in Nigeria and Ghana, Beacon Energy Providers has established itself as a pacesetter in addressing Africa’s power challenges by way of data-driven options,” mentioned Cyril Collon, Common Associate at Partech. “We consider within the potential of African founders to unravel the continent’s most urgent points. BPS embodies the kind of firm our Partech Africa Fund II was created to help. We look ahead to partnering with BPS as they scale their operations and enhance their influence throughout Africa.”
“We’re thrilled to speculate alongside Partech to help the pan-African growth of BPS. Certainly, BPS’s objectives align with Proparco’s VC mandate to help modern start-ups on the continent. By its subtle options, BPS offers a tangible reply to the key concern {of electrical} grid effectivity and is an efficient instance of the non-public sector’s capacity to deal with crucial points for growth. Therefore, we’re very passionate about this partnership which additionally highlights AFD group’s long-standing help of African utilities”, declared Fabrice Perez, Head of Proparco’s VC division.
“We’re on the forefront of reworking Africa’s power infrastructure by way of superior software program that allows utilities to ship extra dependable electrical energy, optimize their operations, and reduce reliance on diesel mills. Central to our strategy is offering real-time insights and actionable intelligence to utility corporations throughout the continent. Power challenges confronted, particularly in city facilities, can’t be resolved with out the proper information, which is the muse of all our options,” mentioned Bimbola Adisa, Founder & Chief Govt Officer of BPS.
Since its seed spherical in 2022, BPS has expanded considerably, now using over 200 folks throughout Ghana, Kenya, Nigeria, Zambia, and the U.S. This progress highlights the corporate’s dedication to addressing Africa’s power challenges by way of a world crew and scalable, data-driven options. As BPS continues to develop, it’s prioritizing enhancements to its operational and R&D capabilities. With an influence on over 50 million shoppers and companies and greater than 1 billion grid information factors processed every day, BPS is well-positioned to drive a sustainable power future throughout Africa.
Distributed by African Media Agency (AMA) on behalf of Beacon Energy Providers.
Beacon Power Services is an power tech firm serving to Africa’s energy sector distribute electrical energy extra effectively with its information and grid administration options. | Contact: info@bpsafrica.com
About Partech
Partech is a world tech funding agency headquartered in Paris, with places of work in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings collectively capital, operational expertise, and strategic help to again entrepreneurs from seed to progress stage. Born in San Francisco 40 years in the past, immediately Partech manages €2.5B AUM and a present portfolio of 220 corporations, unfold throughout 40 international locations and 4 continents.
About Proparco
For over 45 years, Proparco, a subsidiary of the Agence française de développement group, has been working alongside private-sector gamers to construct a fairer, extra sustainable world. With a world community of 23 native places of work, Proparco works intently with its companions to construct sustainable options to environmental and social challenges in Africa, the Center East, Asia, and Latin America. Proparco has sector-specific experience, and a diversified vary of economic instruments tailored to the completely different levels of an organization’s growth.
Additional info: http://www.proparco.fr | @Proparco | LinkedIn
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