GE Ventures has participated in a series D round closed by African solar energy provider Off Grid Electric as it moves into Ghana.
Tanzania-based solar power supplier Off Grid Electric has secured $55m in a series D round featuring power and industrial technology manufacturer General Electric’s corporate venturing subsidiary, GE Ventures.
The round was led by Helion Venture Partners, a branch of investment firm Helion Investment Partners, and increased the company’s overall equity funding to $123m, alongside $60m in debt financing.
Off Grid Electric provides rooftop solar systems through a leasing model to homes and businesses in Tanzania, Rwanda, Côte d’Ivoire and now…
