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By Ebunoluwa Sessou

As part of its efforts to ensure scalable solar home system distribution in Nigeria homes,  All On has signed a $1m investment deal in Salpha Energy Nigeria to scale the company’s solar home systems distribution business, focused on bottom-of-the-pyramid customers in rural and peri-urban areas across Nigeria including the Niger Delta.

The investment will be used to increase Salpha’s inventory and product range, expand sales channels and customer service infrastructure, and test more flexible pricing models to sustainably manage rural customers in states across Nigeria including in the Niger Delta.

Founder/CEO Sandra Chukwudozie,  Salpha, applauded the support from All On and the interest in ensuring the company’s growth. “This additional support will allow us to deliver on our strategy to provide products for customers across the range of their developing energy needs”, she said.

On the company’s capacity, she disclosed that it is currently running an active distributor network of over 350 individuals, cooperatives, and traders nationwide with key partnerships with payment collection enablers such as InfiBranches, Paga, and Interswitch.

 All On Senior Investment Associate, Goziem Okubor, in his response said, “We are thrilled about this investment which is the continuation of a journey and would provide Salpha inventory needed to supply its expanding network of distributors and a platform to cement its competitive advantage and respond to growing market demand for Solar Home Systems.

“The deal is in addition to a $50,000 investment provided to Salpha as one of the winners of the USADF/All On Off-Grid Energy Challenge in 2020. The funds were used to pilot Pay-As-You-Go contracts for customers in the Niger Delta.

“It’s also an opportunity to support young indigenous female entrepreneurs in building an exciting and fast-growing solar business.

He however optimistic that the company’s contribution will enhance a highly scalable opportunity in deploying power assets to households in Nigeria and facilitate the adoption of a sustainable power service payment culture within the Niger Delta and beyond.

Vanguard News Nigeria