Solar distributor MyJouleBox completes US$3.54m Series A round

WEST AFRICA – MyJouleBox, a solar distributor & operator, has completed a €3 million (US$3.54m) Series A round aimed at strengthening its positions as a leading energy specialist in Benin and accelerate its expansion in Burkina Faso, Senegal and Togo. The company, operating under the trade brand ARESS, has developed a competitive one-stop-shop approach to service complementary segments of clients (retail, SMEs, communities) in their decentralized, renewable energy needs. “After 10 years with only our sweat and our desire to change things, we are very happy to welcome such a…

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Solar energy firm MyJouleBox secures US$1.8m funding from ElictriFi

BENIN – MyJouleBox, a French solar energy company, has signed a US$1.8 million funding contract with ElectriFi to provide Solar Home Systems (SHS) in the Republic of Benin and to hire 200 additional staff. The company also wants to grow in Burkina Faso and Togo, as well as expand its position in the Beninese market. EDFI ElectriFi is expected to inject 1.5 million euros (US$1.5 million) alongside other funders with the aim of creating 31,000 new connections offering a sustainable and reliable source of energy to 155,000 consumers. Electrification Financing…

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