AFRICA – Boreal Light GmbH, a Berlin start-up company specializing in renewable energy solution for water treatment facilities has closed its US$7.5 million fund raising round, aimed to support the expansion of its innovative and impactful business in Africa and beyond.
The investment was made by GreenTec Capital Partners in partnership with a US based family office affiliate, represented by Mr. Lane Pitcairn Pendleton, specialized in global wealth management investments.
According to GreenTec, Boreal Light’s co-founders Ali Al-Hakim, and Dr. Hamed Beheshti met with with Mr. Lane Pitcairn Pendleton and GreenTec CFO Thomas Festerling in Berlin to conclude the round and to discuss the next strategic steps for the future growth of Boreal in Africa and beyond.
The investment marks “the dawn of Boreal Light’s scaleup phase!” says Hamed Beheshti, Boreal Light co-founder and CEO.
“We are very proud to see Boreal Light attract significant funding to support the expansion of their innovative and impactful business.”GreenTec Capital Partners
Following 6 years of hard work, the company is ideally poised for scale up, having established a network of retail WaterKiosks in Kenya, as well as delivering projects in Yemen, Somaliland, and Uganda.
The company has also established a presence in South Africa with a local office and projects already completed and plans to expand in the SADC.
“We are very proud to see Boreal Light attract significant funding to support the expansion of their innovative and impactful business,” said GreenTec Capital Partners.
One of its notable projects is the recent installation of a solar-powered water desalination system in Oog, central Somalia.
The off-grid system powered by integrated photovoltaic solar system is capable of supplying 1.5 m3 of water per hour to the locals through a kiosk.
Other than providing drinking water it will also feed the region’s fishing ponds which have a capacity of holding 20,000 fish.
The village of Oog is characterized as being at the mercy of monsoon driven rains.
Only 52% of the regions’ residents have access to basic water and residents are subject to unscrupulous private water suppliers or forced to travel long distances for surface water.
The new installation is powered by one of the Boreal Light’s innovative Winture Planet Cube water desalination system and will be fed from a borehole water source.
The project is being financed by Oxfam and is the third of four planned installations in the region.
“The installation in Oog demonstrates the ability of Boreal Light to deliver impactful solutions to remote and extreme environments.
“The WaterKiosk will provide vitally important hygienic drinking water in addition to a supplemental supply of fish to the villages some 7,000 residents,” said GreenTec Capital Partners.
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