Benvell is an investment company specialised in providing debt financing to companies distributing solar energy products across frontier markets, to help these companies grow, develop and service their communities.
Individual consumers’ access to basic energy infrastructure remains inadequate across many emerging markets. Distribution of solar products, through affordable loans to distribution companies, will speed up the development of off-grid infrastructure across sectors such as energy, sanitation and productive agricultural assets.
Our platform directly supports key United Nations Sustainable Development Goals (SDGs) and our aim is to drive positive impact at scale – both for our investors and for the 2.6 billion people without electricity or basic services.
Benvell focuses on efficient financing of distribution of solar products and our view is that one of the largest challenges facing the solar sector at the moment is access to effective, affordable financing.
Our focus is on financing ‘Last Mile Distributors’ (LMDs) and ‘Distributed Energy Service Companies’ (DESCOs) to allow them to scale their operations and grow in their target markets. Our emphasis is on efficient financing of decentralised solar products, particularly solar home systems and other productive use assets. As an aggregator we aim to add value back to our portfolio companies in any way we can.
We currently concentrate on Africa, where 600 million people still lack access to electricity. With Africa’s population expected to almost double, from 1.3 billion in 2017 to 2.5 billion in 2050, new models are required to ensure basic services through effective infrastructure for individuals, families and communities.
Our Mission and Vision
Our mission is to unlock new sources of funds and to provide affordable capital to solar energy companies involved in the last mile distribution of solar products, significantly impacting the lives of underserved consumers across health, education and productivity.
Our ambition is to be a global finance partner for investors and solar energy companies alike, to enable sustainable business growth, socioeconomic impact and financial returns.