Home / Uncategorized / EcoEnergy raises over $600,000 from SIMA funds

EcoEnergy raises over $600,000 from SIMA funds


EcoEnergy is a pay-as-you-use photo voltaic power supplier in Pakistan. They’ve efficiently penned down a debt finance cope with Social Funding Managers and Advisors (SIMA). SIMA is funded by Dutch and Belgian nationwide banks, AXA and MetLife. Along with these two, a few of the funding has been offered by USAID.

EcoEnergy plans to make use of the funding to buy tools and software program from BBOXX, a British agency concerned within the provision of off-grid solar energy options worldwide. The CEO of BBOXX, Mansoor Humayun commented that the utility of BBOXX paired with PULSE, their cloud-based process administration utility, can be important in serving to firms like EcoEnergy to succeed in ranges of profitability.

The Pulse platform could be very useful to off-grid power distribution firms in guaranteeing environment friendly allocation of assets and time in order that shopper satisfaction is at its peak. It helps in monitoring shopper utilization and managing workers situated in distant areas.

EcoEnergy will develop its operations to different components of the nation now utilizing BBOXX’s merchandise. The CEO of EcoEnergy, Shazia Khan remarked that the shortage of electrical energy provide within the nation is holding again monetary and social improvement. She additional added that there are 70 million folks with no correct provide of electrical energy, making them EcoEnergy’s potential prospects.

She appreciated SIMA’s effort, commenting that their assist is significant in increasing EcoEnergy’s buyer base. EcoEnergy hopes to facilitate greater than 10000 households by the tip of 2018.

EcoEnergy is the brainchild of Shazia Khan, who was researching on clear power options earlier than the inception of this enterprise. She was launched to Jeremy Higgs via a mutual connection, who was wanting to develop recyclable energy assets.

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