NIGERIA: Auxano Solar Receives $1.5 Million from All On to Provide Solar Energy
Summary
Nigerian renewable energy solutions provider Auxano Solar has secured funding to expand its business. To accelerate the distribution of its kits, the company has set up a solar equipment assembly plant in Nigeria. In addition, the company will be able to offer after-sales installation, management and maintenance services for renewable energy solutions to its customers.In addition to financing, All On will provide Auxano Solar with development support, including functional and innovation support through its All On Hub. In February 2019, Auxano Solar started small businesses selected for funding from All On and the United States Foundation for African Development (USADF). The winners of the Nigeria Off-Grid Energy Challenge (2018), (including Auxano Solar) received $50,000 in debt (All On) per company and $50,000 in grants from USADF.