At COP28 in Dubai, Bboxx, a data-driven super platform, signed a partnership with EnerTech, a Kuwait-based innovator, investor and developer of sustainability solutions, to establish a first-of-its-kind electrification platform
Valued at up to US$100mn, the platform marks a joint commitment to deliver clean technologies and will enable Bboxx to expand its impact on the continent tenfold. According to the company, this will transform the lives of millions living across Africa, helping the company to serve 36 million people (currently it serves 3.6 million).
Funding from this first deal with EnerTech, expected to commence in Q1 2024, will facilitate rapid development and deployment of these essential services. The investment is to significantly deepen Bboxx’s market penetration and its impact on underserved individuals and communities. Bboxx Pulse is central to its rapid scaling capabilities and is a fully integrated operating system, with an extensive on-the-ground network that connects customers with clean energy, clean cooking, smartphones, smart financing, and e-mobility.
Mansoor Hamayun, CEO at Bboxx, remarked, "With this strategic alliance, Bboxx will turbocharge the impact we have on communities across sub-Saharan Africa. Our shared vision is to transform the lives and livelihoods of our customers by giving them access to clean and affordable energy, clean cooking, e-mobility and technology like smartphones, that genuinely unlock their potential, day by day. This collaboration with EnerTech is a testament to our commitment to providing sustainable solutions to communities across Africa.
“This is the latest example of partners seeing and seizing this massive market opportunity and plugging into Bboxx – developed through green tech and big data and designed for scale.”
Abdullah Al Mutairi, CEO of EnerTech, added, “Through our partnership with Bboxx, we are delivering on our mission to drive impactful, transformative projects that uplift climate-affected, underserved communities. The electrification platform will deliver much needed climate finance to projects that are set to have a beneficial impact on communities – aligning with the UN Sustainable Development Goal for providing affordable, reliable, and sustainable energy access. The collaboration will also play a pivotal role in our progress towards carbon neutrality and delivering real change on the ground.”
