A $10M Partnership to Scale Energy Access: CrossBoundary and Mobile Power's Historic Deal

The Energy Talk

In this episode, we discuss the intricacies of the landmark $10M partnership between Crossboundary Access (CBA) and Mobile Power–a partnership that promises to unlock energy access for over 300,000 people within Nigeria.

CrossBoundary is an investment firm focused on unlocking capital for sustainable growth and strong returns in underserved markets. Identifying Africa as one of the critically underserved markets a decade ago, CrossBoundary began its operations on the continent as an investment advisory for businesses and projects. A few years later, the firm identified an energy access gap on the continent and sought out opportunities to finance and own renewable energy businesses to deliver cleaner and cheaper power to African businesses.

Mobile Power designs, builds, and operates energy distribution systems for the off-grid energy and e-mobility market. Mobile Power unleashes the power of market-led product development to solve energy distribution in communities across Africa. This unique approach enables the company to offer energy products with zero barriers to entry, whilst also delivering best-in-class financial metrics.

This episode is presented by Okra Solar, to learn more about Okra visit okrasolar.com

Recommended Reading

• CrossBoundary Access and Mobile Power announce $10 million partnership to scale battery swapping services across Nigeria
• CrossBoundary EA Open Source: FINANCING APPROACH FOR MINI-GRIDS

Guest Bios:

Before joining CrossBoundary, Lynne Wesonga worked as a Private Debt Associate at Gulf Capital based out of Dubai where she facilitated the deployment of capital and focused on portfolio management of companies in the Middle East and Africa. She also worked as an investment banking analyst at Standard Chartered Bank, Dubai office with a focus on mergers & acquisitions and leveraged buyout transactions. Her key responsibilities included financial modeling, company valuation, management presentations, legal documentation review, and stakeholder management.

Luke Burras is currently the Chief Operating Officer for Mobile Power. Before co-founding and leading operations at Mobile Power, he worked as an Engineer for Syngenta UK Ltd.

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