In a landmark announcement at COP28, Bboxx and EnerTech revealed a groundbreaking partnership forming an electrification platform valued at up to $100 million. This transformative initiative aims to bring clean energy, clean cooking, e-mobility services, and innovative products to millions across Africa.
Bboxx, known for its data-driven super platform, and EnerTech, a Kuwait-based innovator specializing in end-to-end sustainability solutions, have joined forces to drive impactful change across sub-Saharan Africa. Their collaboration anticipates expanding Bboxx’s reach from serving 3.6 million people to impacting 36 million individuals by 2028.
This strategic alliance marks a significant leap for Bboxx, amplifying its role in transforming lives from Lagos to Nairobi. The company’s strategy revolves around offering diverse innovative products at scale throughout the continent, facilitated by its integrated operating system, Bboxx Pulse.
The investment from EnerTech, set to commence in the first quarter of 2024, is poised to accelerate the development and deployment of essential services. This infusion of funds is expected to deepen Bboxx’s market penetration, thereby intensifying its positive influence on underserved communities.
“With this strategic alliance, Bboxx will turbocharge the impact we have on communities across sub-Saharan Africa.” said Mansoor Hamayun, CEO at Bboxx.“Our shared vision is to transform the lives and livelihoods of our customers by giving them access to clean and affordable energy, clean cooking, e-mobility and technology like smartphones, that genuinely unlock their potential, day by day. This collaboration with EnerTech is a testament to our commitment to providing sustainable solutions to communities across Africa.”
Mr Hamayun added: “This is the latest example of partners seeing and seizing this massive market opportunity and plugging into Bboxx – developed through green tech and big data and designed for scale.”
Abdullah Al Mutairi, CEO of EnerTech, said: “Through our partnership with Bboxx, we are delivering on our mission to drive impactful, transformative projects that uplift climate-affected, underserved communities. The electrification platform will deliver much needed climate finance to projects that are set to have a beneficial impact on communities – aligning with the UN Sustainable Development Goal for providing affordable, reliable, and sustainable energy access. The collaboration will also play a pivotal role in our progress towards carbon neutrality and delivering real change on the ground.”
Moreover, this partnership serves as the initial step in a series of strategic collaborations with the State of Kuwait, a key player committed to achieving Net Zero by 2060 and actively shaping the carbon market in Africa.
