British solar energy company BBOXX has raised $1.9 million in funding, comprised of a $1.5 million investment from Khosla Impact and an additional $400,000 from Synergy Growth. BBOXX develops solar power solutions for markets across the developing world and aims to use the fresh capital to help the company achieve its goal of bringing electricity to 20 million people by 2020. The proceeds will allow the company to invest in its entire supply chain, including design, manufacturing, distribution and customer financing.
BBOXX, which makes solar-powered battery packs, was formed in 2010 by three electronics and electrical engineering graduates from Imperial College London as a spin-off of their self-formed university charity, e.quinox. Operating in 14 countries across Africa and Asia, the company has a mission to provide a sustainable and reliable solution to the 1.4 billion people currently living without electricity.