The capital offered by VentureBuilder operates a new investmentmodel. It is called a “patient” capital.
With over 600 million people in Africa living in off-grid zones and lacking access to electricity, there is an obvious market for these off-grid solar startups. However, the solar startups often experience a variety of challenges, one of which is distribution.
Here is how VentureBuilder wants to solve this challenge.
The Facebook-backed companywill liase with key distributors of off-grid solar products. This is to help local solar startups widen their distribution and reach more people.
VentureBuilder also recognises that capacity building is one challenge faced by solar startups which prevents them from expanding.
VentureBuilder aims to solve this capacity challenge through trainings. The company will help the existing solar startups to scale by providing technical training and support that is relevant to the startups.
“We’re excited to partner with these local businesses and provide them with the human and financial resources they need to sustainably and profitably scale their impact”.