EAV and I&P Participate in a US$4.3 Million Series A Round for PEG (Sub-Saharan Africa)

Source: Energy Access Ventures

Venture capital firm Energy Access Ventures (EAV) has led a US$4.3 million Series A round for Ghana-based pay-as-you-go financing company PEG with participation from impact investment group Investisseurs & Partenaires (I&P). Other investors included family office Blue Haven Initiative and Engie Rassembleurs d’Energie, the sustainable energy initiative of power generation company Engie. EAV contributed US$2 million to the round. PEG, which provides pay-as-you-go financing for solar home systems and other assets to off-grid households, will use the new funding to expand in West Africa.