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CTIF Mobisol Coinvest

Sector: Energy Storage • Location: Tanzania

Source: International Finance Corporation (IFC)

Project
Completed

The project consists of an IFC equity investment of up to US$7.5 million in a co-investment vehicle (“IFC Co-investment Fund” or the “Project”) with IFC’s existing investee fund Investec Africa Frontier Private Equity Fund II (“Investec II”). The purpose of the vehicle is for IFC to participate in a co-investment with Investec II in Mobisol GmbH (or the “Company”). Mobisol combines solar energy w

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Project Information

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The project “CTIF Mobisol Coinvest” is an infrastructure initiative in the Energy Storage sector, located in Tanzania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Contact

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Email

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Address

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Description

Description

The project consists of an IFC equity investment of up to US$7.5 million in a co-investment vehicle (“IFC Co-investment Fund” or the “Project”) with IFC’s existing investee fund Investec Africa Frontier Private Equity Fund II (“Investec II”). The purpose of the vehicle is for IFC to participate in a co-investment with Investec II in Mobisol GmbH (or the “Company”). Mobisol combines solar energy with an affordable payment plan via mobile phone, comprehensive customer service and innovative remote monitoring technology. The Berlin-based company offers low-income customers in developing nation’s quality solar home systems that are a clean alternative to unhealthy, environmentally harmful, and expensive fossil fuels.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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