The Netherlands is unlocking investment capital globally

first_img BRICS Finance and Policy Read more: BBOXX successfully closed a $50m Series D funding round They have channelled significant investments into BBOXX, a next-generation utility and helped the company to positively impact nearly one million people across 12 African countries through access to pay-as-you-go (PAYG) solar energy using mobile money solutions. DOEN Participaties also recentlyinvested in BBOXX’s latest $50 million funding round led by MitsubishiCorporation, a global integrated business enterprise headquartered in Japan.The initial Dutch investment has enabled BBOXX to accelerate its mission totransform lives and unlock potential and was a key factor in securinginvestment from Mitsubishi Corporation. Low carbon, solar future could increase jobs in the future – SAPVIA DOEN Participaties first became an equity investor in BBOXX in 2016, contributing to its $20 million Series C funding round. Earlier this year, Africa Infrastructure Investment Managers’ (AIIM) invested $31 million in BBOXX enabling them to expand operations in Rwanda, Kenya and the Democratic Republic of Congo (DRC). The deal gained further global interest with additional investors from France (ENGIE Rassembleurs d’Energies), Luxembourg (Bamboo Capital Partners) and Canada (MacKinnon, Bennett & Company (MKB)), demonstrating how the global community is embracing sustainability and leveraging high growth companies as tools for development. According to a statement from BBOXX, this trend includes Dutch organisations such as DOEN Participaties, an impact investment fund supporting sustainable and social startups and Oikocredit, one of the world’s largest private investors in the microfinance sector. Katsuya Nakanishi, EVP and Group CEO, Power Solution Group, Mitsubishi Corporation, said: “Our investment into BBOXX, alongside investors from the Netherlands and other parts of the world, is the latest in our drive to realise a sustainable society. It is simultaneously the result of our strong alignment with BBOXX’s mission to use technology to expand access to modern utilities across the globe. We look forward to working with BBOXX to innovatively and sustainably deliver much-needed utilities to communities currently living without them.” TAGSBBOXXinvestmentPAYGOsolar powerthe Netherlands Previous article‘Mama renewable energy’ to open women in power luncheon in NigeriaNext articleEnvironmental framework bill must be revived states law firm Ashley TheronAshley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa. Sign up for the ESI Africa newsletter The Netherlands is emerging as a prominent hub for investors looking to channel capital to achieve a measurable social and environmental impact, combining business with purpose.  Michelle de Rijk, impact investment manager DOEN Participaties commented: “Millions of people still live without access to reliable energy or other essential modern utilities. To change this we started investing in BBOXX in 2016 and with our help, BBOXX has positively impacted nearly one million people to date by providing them access to affordable clean energy. We look forward to continuing our work together to close the energy access gap worldwide.” Mansoor Hamayun, CEO and Co-founder, BBOXX, said: “The Netherlands is emerging as a hub for this crucial type of financing. Its progressive approach is due to the solid framework it has in place, helped by high public awareness, an active civil society and business-friendly policies. The country’s interest in cleaner, greener energy has caught the attention of major corporates and undoubtedly led to us receiving investment from Mitsubishi Corporation.” RELATED ARTICLESMORE FROM AUTHOR Generation AFD and Eskom commit to a competitive electricity sector “We look forward to our next phase of growth that will help us to transform more lives, unlock potential and grow our already global footprint by opening up new markets and develop further our product range.” Read more: BBOXX bags $8m loan to accelerate solar home systems in Rwanda UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more