BBOXX

BBOXX delivers pay-as-you-go solar energy and utility services using remote IoT technology.

London, UK

£47.5MTotal raised

BBOXX provides pay-as-you-go solar energy systems and clean cooking solutions monitored via a digital platform. The utility firm operates across twelve countries, primarily in Africa, alongside parts of Asia.

Founders

Mansoor Hamayun

CEO and Co-founder

Mansoor brings energy and critical minerals experience, having co-founded BBOXX and chaired Minexx. He previously held leadership roles at Rolls-Royce.

Investors

Series D+28 August 2019
£41.1M
MC
Mitsubishi CorporationLead
ER
ENGIE Rassembleurs d’Energies
BC
Bamboo Capital Partners
DP
DOEN Participaties
MB
MacKinnon, Bennett & Company
Debt22 May 2019
£6.3M
Ff
Facility for Energy Inclusion Off-Grid Energy Access Fund

Funding history

Series D+28 August 2019

£41.1M

BBOXX raises £41.1m in Series D funding led by Mitsubishi to accelerate international expansion.

The Series D round was led by Mitsubishi Corporation with backing from investors across three continents.

Debt22 May 2019

£6.3M

BBOXX secures £6.3m in debt finance from the Facility for Energy Inclusion Off-Grid Energy Access Fund to expand solar energy in Rwanda.

The local currency loan from FEI OGEF will accelerate the deployment of solar home systems across Rwanda.