IAPEF 2 Mobisol Limited
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Mobisol is a leading off-grid pay-as-you-go energy provider, with its headquarters in Germany and operations in Africa. Mobisol sells and finances larger solar home systems to lower income households in East Africa, offering an affordable alternative to fossil fuels, with a view to provide these households with full electrification. Driven by innovation, Mobisol's 'all-in-one' offer combines solar energy with mobile technology and mobile payment to effectively electrify remote or underserved categories of population with high-quality solar solutions.
What is our funding objective?
FMO will be investing up to EUR 1.7 million along with Investec Africa Private Equity Fund 2, Investec Asset Management's second fund, to provide the company with the necessary capital.
Why do we fund this investment?
The project has a high development impact as Mobisol provides green energy solutions that directly impact the lives of those in the lower income households segment in terms of electrification, environment, empowerment and employment. Apart from catering to residential customers, Mobisol also supplies to Small and Medium size Enterprises (SMEs).
What is the Environmental and Social categorization rationale?
The investment is classified as E&S category C due to minimal negative impact on the environment.
More investments
| Date | Total FMO financing |
|---|---|
| 7/29/2021 | up to EUR 9 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Energy
- Effective date
- 1/24/2019
- End date
- 7/29/2021
- Total FMO financing
- EUR 1.7 MLN
- Funding
- AEF-I
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C