Funding Tracker                 


Baobab+

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Distribution of solar kits and digital devices in off-grid areas


Location: Senegal
Website: https://www.baobabplus.com/
Sector: Energy & Water
Funding Stage: Grant Venture Round Grant Grant M&A
Total Funding ($m): $15.25M
# of Founders: 1
Founding Year: 2015
Funding Year: 2022
Status: Active
YearAmountStageInvestors
2021$0.5mGrantOff Grid Market Development Fund
2021$11.75mVenture RoundNorfund
2022$1.5mGrantUSAID
2022$1.5mGrantUSAID
2025$UndisclosedmM&ABiolite
Alexandre Coster, , ,
Grant $0.5m

Off Grid Market Development Fund



Venture Round $11.75m

Norfund



Grant $1.5m

USAID



Grant $1.5m

USAID



M&A $Undisclosedm

Biolite





News
https://cioafrica.co/biolite-acquires-majority-stake-in-baobab-to-expand-renewable-energy-access-across-africa/